The International Advisory Board (IAB) is established to guarantee the international status of AFRIEF. The 101 member Board provides a forum for debate on global developments in Islamic economics and academia, banking and finance, halal and entrepreneurial development policy and strategy. The IAB provides an opportunity for eminent international experts to hold an open exchange of views in a private setting. Important minutes of the proceedings and recommendations are published for the benefit of a wider audience.

An important function of the IAB is the provision of policy-level advice on the orientation and content of AFRIEF’s program work to the President of AFRIEF and his representatives, through the provision of information related to specific needs in African countries within the areas of focus for AFRIEF; provision of information on relevant technical activities and developments in each of the areas of focus for AFRIEF, which AFRIEF could utilize in its delivery of projects; and provision of information on relevant financial support for possible pilot projects implemented by AFRIEF.

The IAB provides strategic advice and guidance to increase the effectiveness of AFRIEF in developing and undertaking innovative strategies and projects. The IAB members, either individually or collectively, also provides guidance on increasing the effectiveness of ongoing projects and initiatives.

The members of IAB are kept informed of the activities and work progress in AFRIEF through specific activity reports every six months. The members are individually or collectively, requested to provide specific inputs or comments in relation to development of major programmes and projects.

The IAB meets at least once every year prior to the development of the annual program of work for AFRIEF. Possible additional meetings are held electronically (video conference or telephone to discuss strategic issues relating to the global mobility of researchers and the internationalization of research.

Members of the IAB comprise a mixture of high level professionals and intellectuals and individual experts, carefully selected with the aim of achieving balance in terms of geography, technical expertise and prominence.