Independent Islamic Finance Guidance

Shariah Compliant Financial Solutions

Bringing Standardization & Credibility to Islamic Finance in North America

About IFAB

Building Trust Through Independent Guidance

IFAB was established to support the growing need for credible Islamic finance expertise in Canada and beyond.

Our board brings together scholars, professionals, and industry experts dedicated to helping organizations navigate financial decisions responsibly.

Who We Are
Professional IFAB advisory office
2008Established to support credible Islamic finance expertise.
IndependentScholarship, governance, and professional industry insight.
North AmericaSupporting responsible financial decision-making.
What We Do

Advisory, Education, and Mediation

Application Process

Advisory & Consultancy

Review and certification of financial products, services and structures requiring Shariah compliance.

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Education & Awareness

Training, workshops, and educational initiatives for organizations, professionals, and communities.

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Mediation & Arbitration

Independent dispute resolution and mediation services for Islamic finance matters.

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Who We Serve

Built for Financial and Community Organizations

Board & Leadership

Our Scholars

View Full Board
Dr. M. Iqbal Al-NadviShariah Scholar & Board Chair
Dr. Hamid SlimiShariah Scholar & Board Member
Imam Nafees BhayatShariah Scholar & Board Member
Operational Team

Our Operational Team

Rehan S. KhanBoard Liaison
Tahmyna QaziBoard Liaison
Ali Iskan ToptancShariah Research Analyst
Dr. Shahina NanjianiBoard Support
Nihal MahmoodBoard Support

Client Testimonials

What Organizations Say About IFAB

Walton Global
“The board members’ quality of analysis, patient understanding, and meaningful dialogue throughout the Fatwa process were extremely impressive. Their specialization in Islamic finance was a major distinction...”
AH
Ahmed HaggagSenior Vice President, Shariah Investments, Walton Global
My experience dealing with the Islamic Finance Advisory Board was extremely impressive. I have dealt with many Shariah Boards in Dubai and Egypt for over 20 years covering many Shariah compliant subjects, but dealing with the Islamic Finance Advisory Board in Toronto was at another level. The proximity factor to have a board that renders such an important service in North America is very convenient; they were very professional and prompt to deal with. The board members’ quality of analyzing and breaking down the project, the patient understanding of the task in hand and the meaningful dialogues throughout the process of issuing the Fatwa were all very interesting and progressive. A major distinctiveness of that Board is the high specialization in Islamic Finance. Really enjoyed dealing with the team and looking forward to many future collaborations.
Canada Life
“Tahmyna and Rehan were extremely helpful in supporting the initiative every step of the way. It was an absolute pleasure to work with IFAB...”
VM
Vathsala MartinDirector, Product Development, Canada Life, Inc.
It was an absolute pleasure to work with the Islamic Finance Advisory Board as we worked through obtaining an endorsement to launch a Shariah compliant fund. Tahmyna and Rehan were extremely helpful in supporting this initiative every step of the way. Thank you both for the partnership.
BMG Group
“The smooth process, integrity of the audit, and support of prominent scholars made the experience a shining example of excellence...”
NB
Nick BarisheffPresident & CEO, BMG Group Inc.
I am delighted with the work done by the Islamic Financial Advisory Board as an example of the most honorable experts providing a sincere audit, filled with integrity, of our Shariah compliant investment products. This very smooth process has been a source of inspiration to all of us and a shining example of excellence. It is very impressive how the Prominent Scholars have given their Fatwa supporting our bullion investment options available to all Muslim community members.
Partners / Organizations

Trusted By

Our Journey

A Record of Growth Since 2008

A concise view of IFAB’s expanding certification work across financial products and international markets.

Explore the IFAB Journey
2008
Foundation

First Shariah-compliant mortgage products certified.

2016
Expanded Scope

Private equity real estate and equipment leasing products certified.

2023
International Reach

Private equity real estate funds for the United States certified.

2026
Continued Growth

Certified Mutual Funds / ETFs of over $60 Billion.

Events

Recent and Upcoming Events

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Upcoming Event Visual
Upcoming · July 8, 2026

Make It Simple: Islamic Finance

A practical webinar introducing Islamic finance concepts for institutions, advisors, and professionals.

Register / Learn More →
Past Event

Islamic Finance Awareness Session

A recent educational session focused on practical Shariah-compliant finance topics.

View Recap →
Past Event

Governance & Advisory Discussion

A professional discussion on governance, review, and institutional advisory considerations.

View Recap →
FAQs

Common Questions

What types of organizations does IFAB support?

Financial institutions, investment firms, mortgage providers, advisors, community organizations, and other groups seeking Islamic finance guidance.

How does the advisory process work?

Final copy can outline the intake, review, recommendations, and next steps once the IFAB team provides process details.

Does IFAB provide certification or audit support?

This can introduce the separate certification and audit pathways once the service page content is finalized.

Blog

Latest Blog Posts

Visit Blog
Blog Post

Understanding Shariah-Compliant Financing

A clear look at the core principles that make a financial product Shariah-compliant.

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Blog Post

Why Standardization Matters in Islamic Finance

How consistent standards build trust and credibility across the industry.

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Blog Post

IFAB Expands Its Advisory Services

An overview of the growing advisory and certification support we now offer.

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Need Guidance on Islamic Finance Matters?

Whether you're developing a financial product, seeking educational support, or requiring independent mediation, IFAB can help guide the next step.

Contact IFAB