IsDB Institute Global Forum to Discuss Prospects for Islamic Finance in Economic Recovery

Seasoned development practitioners and experts will attend the 15th IDB Global Forum on Islamic Finance to discuss unlocking the potential of Islamic finance to spur economic recovery from the COVID-19 pandemic.

The Institute of the Islamic Development Bank (IDB) is organizing the forum as a virtual side event to be held on August 28, 2021, in conjunction with the 2021 annual meeting of the IDB Group. The theme of the forum is “The role of Islamic finance in the post-Covid-19 economic recovery of IDB member countries”.

Following the global economic upheavals triggered by the Covid-19 pandemic, the forum will focus on harnessing Islamic finance to mobilize resources to support the economic recovery efforts of IDB member countries and combat growing inequalities and extreme poverty.

The President of IsDB and Chairman of the IsDB Group, HE Dr. Mohammad Al Jasser, will deliver the opening speech.

Following this, the Acting Director General of the IsDB Institute, Dr Sami Al-Suwailem, will present awards to the 2021 IsDB Prize winners for impactful achievements in Islamic economics.

Two crowdfunding platforms, LaunchGood and Seed Out, won the award for their innovative and impactful roles in funding projects that advance the principles of Islamic economics.

Further opening speeches will be delivered by Dr Bambang Susantono, Vice President of the Asian Development Bank, and Mr Imad Fakhoury, Global Director of Infrastructure Finance, PPP and Guarantees (IPG), World Bank.

The forum will feature two-group discussion sessions. The first will highlight the economic effects of the Covid-19 pandemic and poverty trends in IDB member countries and stimulate discussions on the fight against multidimensional poverty.

This panel will include Dr. Sabina Alkire, Director, Oxford Poverty and Human Development Initiative; Ms. Matilda Dimovska, UNDP Resident Representative in Uzbekistan; and Mr. El Yass Ould Didi, Director of Demographic and Social Statistics, Office of National Statistics, Mauritania; and Mr. Khemais El-Gazzah, Senior Advisor to the Director General of the Islamic Solidarity Fund for Development (ISFD).

The second panel will focus on public-private partnerships in Islamic finance as a tool to mobilize resources to support the economic recovery efforts of IDB member countries and to ensure that the recovery is inclusive, sustainable and resilient.

The speakers on the panel are Ms. Fatouma Toure Ibrahima, Practice Manager, PPP Infrastructure Finance Group, PPP Group and Guarantees (IPG), World Bank; Mr. Sohail Kashif, Chief Financial Officer, Foundation Wind Energy Limited, Pakistan; Mr. Nadir Nuritdinov, Deputy Director of the PPP Development Agency of Uzbekistan; and Mr. Hassan Idris, Senior Legal Advisor, Islamic Society for Investment Insurance and Export Credit (ICIEC).

Click here (https://bit.ly/3ghWrDt) to register to attend the forum.

Distributed by APO Group on behalf of the Islamic Development Bank Group (IsDB Group).


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