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Islamic Development Bank

Africa: Islamic Development Bank Institute Delivers High-Level Islamic Finance Executive Program Sessions

THE Islamic Development Bank Institute (IsDBI) (www.IsDBInstitute.org) successfully coordinated and delivered high-level knowledge-sharing sessions under the theme ‘Islamic finance and socioeconomic development’ on 14 November 2023. The sessions were part of the 6th edition of the Saudi-Spanish Center for Islamic Economics…

Arab Coordination Group Pledges US$50 billion For African Development

Stepping up their support for African partner countries ahead of the crucial COP28 climate change conference, the Arab Coordination Group (ACG) announced today that it aims to allocate up to US$50 billion to help build resilient infrastructure and inclusive societies…

Africa: Islamic Development Bank Institute Kicks Off Development Of A Smart Stabilization System Prototype

THE Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) has kicked off building a prototype for its patent-pending Smart Stabilization System. The start of the prototype development came in the wake of a meeting on 16 October 2023 among the partners in…

The Eastern And Southern African Trade And Development Bank And the ITFC Signed A MoU To Promote Trade Between Common Member States In Africa

THE Eastern and Southern African Trade and Development Bank (TDB) and the International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, have signed a Memorandum of Understanding (MoU) to strengthen trade between OIC member states…

The Islamic Corporation For The Insurance Of Investment And Export Credit (ICIEC) And State Assets Management Agency Of The Republic of Uzbekistan

THE Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (www.ICIEC.isdb.org), a member of the Islamic Development Bank (IsDB) Group and a leading Shariah-compliant multilateral insurer, has signed a Memorandum of Understanding (MoU) with the State Assets Management…

Africa: Islamic International Trade Finance Corporation (ITFC) And The Republic Of Tunisia Sign Three Trade Financing Agreements

THE International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, has signed three trade financing agreements totaling US$ 280 million in favor of the Republic of Tunisia to support energy security and revitalize…

ICIEC Signs Landmark Cooperation MoU With Africa Finance Corporation

THE Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), the insurance arm of the Islamic Development Bank (IsDB) Group, signed an important Memorandum of Understanding (MoU) with the Africa Finance Corporation (AFC) whereby the two parties agree…

Islamic Development Bank, Others To Help Nigeria Over Come Out of School Children Challenge

By ABDULLAHI RABIU, Kano PRESIDENT of the Islamic Development Bank Dr Muhammad Sulaiman Al -Jasser has said that the bank will do everything possible together with other stake holders to help Nigeria over come the Challenge of out of School…