Islamic Development Bank Institute Releases 2024 Annual Report during the Islamic Development Bank (IsDB) Group Annual Meetings
The Annual Report highlights the Institute's major contributions to the development of Islamic finance as a tool to foster sustainable economic progress of IsDB Member Countries and Muslim communities worldwide.
Key highlights of the report include achievements in the main programs and significant progress of the Institute's flagship projects, which seek to leverage emerging technologies and Islamic finance to deliver solutions to the most pressing development challenges.
The report details IsDBI's efforts in leading the transformation of the Islamic finance sector within the IsDB Special Allocation Program to Support Islamic Finance Industry. The Institute successfully approved 24 new technical assistance projects valued at US$4.17 million, the highest level since the inception of the Special Allocation Program in 2013.
The Institute made significant progress in its projects integrating knowledge technologies with Islamic finance, including developing a functional demonstration of the Smart Stabilization System and transitioning the Islamic Finance Artificial Intelligence Assistant to a no-code platform.
In the area of global outreach, IsDBI continued to strengthen its strategic partnerships with global and regional institutions, contributing to the delivery of major initiatives in knowledge creation and human capital development. Capacity building programs, through the multi-modal delivery of diverse training courses in Islamic finance, benefitted professionals and online learners from 130 countries.
Feasibility studies were commissioned on the game-changing flagship projects, namely the Awqāf Free Zones, Smart Countertrade System and Digital Postal Islamic Financial Services. Th outcome of the studies will lead to pilots in partnership with the relevant Member Countries and industry players, before the subsequent full-scale implementation of the projects.
On this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, expressed delight in the Institute's accomplishments and reaffirmed its commitment to the delivery of knowledge-based solutions to support the sustainable economic advancement of Member Countries and Muslim communities worldwide.
The 2024 Annual Report is available on IsDBI website here: https://isdbinstitute.org/product/isdbi-annual-report-2024/
Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).
Media contact:
Habeeb Idris Pindiga
Associate Manager, Knowledge Horizons
Islamic Development Bank Institute (IsDBI)
Email: hpindiga@isdb.org
Social media handles:
X (Twitter): https://apo-opa.co/3SJ2WBS
Facebook: https://apo-opa.co/4jdy33r
LinkedIn: https://apo-opa.co/4mlVzxS
About the Islamic Development Bank Institute:
The Islamic Development Bank Institute (IsDBI) is the knowledge beacon of the Islamic Development Bank Group. Guided by the principles of Islamic economics and finance, the IsDB Institute leads the development of innovative knowledge-based solutions to support the sustainable economic advancement of IsDB Member Countries and various Muslim communities worldwide. The IsDB Institute enables economic development through pioneering research, human capital development, and knowledge creation, dissemination, and management. The Institute leads initiatives to enable Islamic finance ecosystems, ultimately helping Member Countries achieve their development objectives. More information about the IsDB Institute is available on https://IsDBInstitute.org/.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
14 minutes ago
- Zawya
Ethiopia: Ministry of Finance Launches First-Ever Issuance Calendar for Treasury (T)-Bills
As part of ongoing efforts to reform and modernize public finance management and to foster market-based deficit financing through domestic-currency Treasury bills and bonds market, the Ministry of Finance has published its first three-month Treasury-bill issuance calendar. This milestone supports the government's 'reset, reform, and relaunch' agenda, deepening the domestic debt market and improving transparency. By giving market participants clear visibility of upcoming auctions, the calendar enhances predictability and builds investor confidence. It also underscores the government's commitment to borrow domestically in ways that limit inflation and safeguard macroeconomic stability. The calendar embodies the shift toward a genuinely market-based approach to Treasury-bill issuance. This compliments the opening of the secondary market and the introduction of more competitive retail auctions open to a wider range of investors through the Ethiopian Securities Exchange. The Ministry of Finance will continue to build on this momentum by promoting openness, broadening investor participation, and aligning Ethiopia's debt-management practices with international best practice. Distributed by APO Group on behalf of Ministry of Finance, Ethiopia.
Zawya
44 minutes ago
- Zawya
South Africa: National Assembly Adopts the 2025 Revenue Laws Amendment Bill
The National Assembly (NA) today approved the Revenue Laws Amendment Bill, which marks a significant step in the country's retirement reform agenda. The Bill proposes changes to several tax laws. It is categorised as a Money Bill, processed under Section 77 of the Constitution and follows extensive consultations led by the Standing Committee on Finance. The Bill is part of necessary legislative reforms to support the implementation of the two-pot retirement system, which aims to give individuals limited early access to a portion of their retirement savings while preserving the remainder for retirement. The system was implemented in September 2024, and the amendments will provide much-needed clarity for retirement fund members and administrators. The Bill, among other things, clarifies terms like "retirement annuity fund" within the broader legislative context, although some terminology issues will need to be addressed in future updates. The National Treasury published the draft bill in December 2024. This was followed by extensive public participation in Parliament's Standing Committee on Finance, where public input was received from June 2025 onwards. With the National Assembly's approval, the Bill will now be sent to the National Council of Provinces for further consideration. The full committee report (dated July 18, 2025) can be accessed using this link: Distributed by APO Group on behalf of Republic of South Africa: The Parliament.
The National
3 hours ago
- The National
Sheikh Mohammed bin Rashid inspects Mina Al Hamriya Port
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, paid a visit to Mina Al Hamriya Port on Tuesday to inspect the project's continuing development. During the tour, the Dubai Ruler was briefed on the port's strategic role in supporting the UAE's food security and enabling trade across the Arabian Gulf, particularly in perishables and livestock, state news agency Wam reported. 'We're transforming our ports into dynamic gateways that not only connect the world and accelerate the flow of goods but also drive innovation and opportunity,' said Sheikh Mohammed. 'Our goal isn't just to compete, but to lead global trade with a transformative vision and new standards. We want Dubai to be the first choice for traders, the trusted route for commerce, and the most dynamic hub in the world's supply chains.'
