As part of strengthening the cooperation and partnership relations between the Academy and scientific institutions in the field of studies, research and training within and outside the Muslim world, and in order to provide academic, Shariah, and intellectual support to institutions seeking to promote Islamic finance within the OIC Member States, H.E. Prof. Koutoub Sano, Secretary General of the Academy, signed a Memorandum of Understanding with H.E. Prof. Akram Laldin, Executive Director of the International Shariah Research Academy (ISRA), on Tuesday evening 13 Shawal 1442 corresponding to 25 May 2021 in Kuala Lumpur, Malaysia.

This MoU aims at consolidating a strategic partnership in the field of organizational and administrative skills and knowledge of both institutions, as well as the joint organization of conferences, seminars, workshops and training, cooperation in the field of digitalization and technology of Islamic finance, exchanging publications, and developing and providing technical and digital support to the Waqf Fund of the Academy, including the use of blockchain technologies in interacting with individuals, institutions, and charities in collecting Awqaf and donations, both cash and in-kind.

It should be noted that ISRA is affiliated with the Central Bank of Malaysia and its mission is to prepare and disseminate Shariah studies and research in Islamic finance and banking.