Islamic Development Bank

Empowering people for a sustainable future

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COVID-19: The latest updates from IsDB

@IsDB President, Dr. B. Hajjar, praised the partnership and positive collaboration between #OECD_DAC and Arab donors. He stressed in a virtual webinar organized by OECD the role of Islamic endowments, zakat and philanthropy in building human capital and achieving social welfare

Do you know individuals or institutions engaged in creative projects that solve important economic development challenges? Nominate them for our Prize for Impactful Achievement in Islamic Economics 2021:

@IsDB President, Dr. B. Hajjar, and @Benin Senior Minister in charge of Planning and Development, Mr. Abdoulaye Bio Tchané, review progress in IsDB USD20-million-Response Program to #Covid_19 in Benin and other projects under implementation in microfinance, healthcare and Waqf

IsDB Group has made a commitment to empower more than 300,000 Palestinian families over the next decade, through the US$ 500 million Economic Empowerment Fund for the Palestinian People (EEFPP). Read about the first meeting of the Administrative Committee:

President's Perspective

The IsDB President’s views on preparing for re-globalisation post Covid-19. In these articles Dr. Bandar Hajjar explains how the global economy needs to return more resilient and inclusive following the unprecedented disruption of the pandemic.

Today is a special anniversary as we mark 75 years of collective work since the UN came into existence. In September this year, we also reflected on five years since the adoption of the UN’s 17 Sustainable Development Goals (SDGs), which represented a new vision of development linking people, planet and prosperity and raised financing needs from billions to trillions.
The Islamic Development Bank (IsDB) Group has published a preliminary report highlighting the actions taken to help member countries to tackle the crisis triggered by the Covid-19 pandemic.

Coordinated by the Working Group to Study the Impact of the Covid-19 Pandemic on the Islamic Finance Industry, the report is a discussion draft released for the purpose of obtaining feedback to improve content and recommendations.
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