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The Governing Board (GB) is the strategy and policy-making body of the IILM. The GB members are Bank Indonesia, Central Bank of Kuwait, Bank Negara Malaysia, Bank of Mauritius, Central Bank of Nigeria, Qatar Central Bank, Central Bank of the Republic of Türkiye, Central Bank of the United Arab Emirates and the Islamic Corporation for the Development of the Private Sector.

The office of the Chairman and that of the Deputy Chairman of the GB are rotated annually among the GB members based on the earliest date of becoming a member of the IILM. In case of a tie where more than one eligible member becomes a members on the same date, the decision is based on the alphabetical order (English Language) of the member’s country.

The Deputy Chairman shall, if still a member of the GB, automatically assume the office of the Chairman at the next general meeting of the GB and the next eligible member based on the above-mentioned rotation shall assume of the office of the Deputy Chairman.

H.E. Dr. Hafize Gaye Erkan
(Chairman of the Governing Board)
Central Bank of the Republic of Türkiye

H.E. Dr. Perry Warjiyo
(Deputy Chairman of the Governing Board)
Bank Indonesia

H.E. Khaled Mohamed Balama Al Tameemi 
Governor
Central Bank of the United Arab Emirates

Eng. Hani Salem Sonbol
Chief Executive Officer & General Manager
Islamic Corporation for the Development of the Private Sector

H.E. Basel A. Al-Haroon

Governor
Central Bank of Kuwait

 H.E. Sheikh Bandar bin Mohammed bin Saoud Al-Thani
Governor
Qatar Central Bank

H.E. Abdul Rasheed Ghaffour
Governor
Bank Negara Malaysia

H.E. Harvesh Kumar Seegolam 
Governor
Bank of Mauritius 

H.E. Dr. Olayemi Michael Cardoso
Governor
Central Bank of Nigeria