The duo will compete in all six events on the 2022 calendar, alongside the sister entry steered by Ibrahim's brother Prince Abu Bakar Ibrahim and Jazeman Jaafar.
Foster won the 2015 Porsche Carrera Cup Australia title and was runner-up in Asian GT in 2018.
“I'm fortunate for the opportunity to return to Asia with Prince Jefri and do so with a world-class outfit in Triple Eight,” said Foster.
“Racing in Asia brings back great memories from 2018 when I teamed up with my good mates Jono Lester and Tim Slade, and came so close to winning the title.
“This time around I'm pleased to be surrounded by great people once again in my driving partner Prince Jefri and of course the Triple Eight JMR crew. I have a bit of experience with Triple Eight and AMG, and know how good the combination is!
“Having Jazeman and Prince Abu Bakar on the other side of the garage with the expanded line-up means we can collectively push each other forward in our quest for race wins and the title.”
Said Ibrahim: “I haven't raced in Sepang for two years, since my debut in 2019, so I'm really excited to be racing there again.
“A lot has changed since then; the team has grown, we're running two cars for our home race so I'm looking forward to it, and it's going to be really special for us. I hope that we can get a great result for the home crowd.
“It's great to team up with Nick. He is a very experienced driver, especially in this region and at Sepang. There's a lot to learn from him and his experience here, so we're really hoping we can come to Sepang with a strong package between the two cars.”
Malaysia's Sepang International Circuit hosts Round 1 of the season on May 20-22.