The Governing Board is the strategy and policy making body of IILM.

The twelve Governing Board members are Bank Indonesia, Islamic Corporation for the Development of the Private Sector, Islamic Development Bank, Central Bank of Kuwait, Banque Centrale du Luxembourg, Bank Negara Malaysia, Bank of Mauritius, Central Bank of Nigeria, Qatar Central Bank, Saudi Arabian Monetary Agency, Central Bank of the Republic of Turkey and Central Bank of the United Arab Emirates.

H.E. Sheikh Salem AbdulAziz Al-Sabah (Chairperson) Governor Central Bank of Kuwait		H.E. Yves Mersch (Deputy Chairperson) Governor Banque centrale du Luxembourg		H.E. Dr. Darmin Nasution Governor Bank Indonesia
Mr. Khaled Al-Aboodi Chief Executive Officer Islamic Corporation for the Development of the Private Sector		H.E. Dr. Ahmad Mohamed Ali President Islamic Development Bank		H.E. Dr. Zeti Akhtar Aziz Governor Bank Negara Malaysia
H.E. Rundheersing Bheenick Governor Bank of Mauritius		H.E. Sanusi Lamido Sanusi Governor Central Bank of Nigeria		H.E. Sheikh Abdulla Saoud Al-Thani Governor Qatar Central Bank
H.E. Dr. Fahad AlMubarak Governor Saudi Arabian Monetary Agency		H.E. Dr. Erdem Başçı Governor Central Bank of the Republic of Turkey		H.E. Sultan Bin Nasser Al Suwaidi Governor Central Bank of the United Arab Emirates