In a strategic step reflecting the shared commitment to strengthening stability and legal governance in the Islamic finance sector, the General Council for Islamic Banks and Financial Institutions (CIBAFI) signed a Memorandum of Understanding with the Organisation of Islamic Cooperation Arbitration Centre (OIC-AC) an official statement disclosed on Sunday. The Memorandum of Understanding,the statement said, was signed on 4 June 2026 during the opening ceremony of the recently held 3rd Global Islamic Economy Summit in Istanbul, under the esteemed patronage of H.E. President Recep Tayyip Erdoğan, President of the Republic…
