Kuala Lumpur, Malaysia, 26^th June 2025 - The Islamic Development Bank (IsDB) Center of Excellence in Kuala Lumpur (KLCoE) recently conducted a technical knowledge-sharing session for the staff of the Islamic Financial Services Board (IFSB). The session, held on June 25, 2025, at the premises of INCEIF University in Kuala Lumpur, focused on the crucial aspects of designing, implementing, and completing Islamic finance capacity development and technical assistance projects in member countries.

The interactive session was led by Br. Syed Faiq Najeeb, Lead Islamic Finance Specialist at KLCoE. He provided a comprehensive overview of best practices and practical insights based on IsDB’s significant track record in supporting the development of Islamic finance globally.

The request for this specialized session from the IFSB, an international standard-setting body for the Islamic financial services industry, was based on its efforts to launch its own technical assistance program aimed at facilitating the implementation of its prudential standards across member countries. Recognizing IsDB's vast experience in this domain, the IFSB sought to leverage IsDB’s expertise to ensure a robust and effective rollout of their upcoming initiatives.

Throughout the session, IFSB staff engaged actively, raising several pertinent questions that demonstrated their keen interest in understanding the intricacies of technical assistance projects. The candid discussions and practical examples shared by Br. Najeeb were particularly well-received, fostering a deeper understanding of the challenges and success factors involved.

At the conclusion of the session, Mr. Abdullah Haron, Deputy Secretary General of the IFSB, extended his sincere appreciation to the IsDB and the KLCoE for their invaluable support. He highlighted the significance of such technical knowledge sharing in strengthening the capacity of the IFSB to effectively guide its members in implementing Islamic finance standards, ultimately contributing to the soundness and stability of the global Islamic financial services industry.

This collaboration between the IsDB KLCoE and the IFSB underscores the growing synergy among key Islamic finance institutions in their collective efforts to foster a more robust and harmonized global Islamic finance ecosystem.