Manama, Bahrain, November 3, 2019: During the opening session of the 14th Annual Conference organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the President of the Islamic Development Bank (IsDB) Group H.E. Dr. Bandar Hajjar stated that “Islamic finance institutions should consider the untapped potential of Islamic Fintech and its likely role of catalyst to overcome current standardization challenges.”
The Islamic Development Bank ("IsDB"), rated Aaa/AAA/AAA by Moody’s, S&P and Fitch (all stable outlook), has successfully priced US$1.5 billion, 5-year Trust Certificates (Sukuk) under its US$25 billion Trust Certificate Issuance Programme. The Sukuk was priced at par at 1.957%, to be payable on semi-annual basis, marking IsDB’s second public issuance in 2019.
The Islamic Development Bank (IsDB) has launched a flagship publication on the side lines of the United Nations General Assembly in New York, to help developing countries to establish national ecosystems for South-South and Triangular Cooperation.
UNICEF and the Islamic Development Bank (IsDB) today launched an innovative fund that will open new opportunities for Muslim philanthropy to reach the millions of children currently in need of humanitarian support and help achieve the Sustainable Development Goals (SDGs).
Multilateral Development Banks have been at the forefront of supporting our clients’ efforts to pursue ambitious climate action for more than a decade.
The International Atomic Energy Agency (IAEA) and the Islamic Development Bank (IsDB) today launched a drive to raise funds for projects helping countries tackle cancers that affect over 8.6 million women globally every year.
H.E. Dr. Bandar Hajjar, President of the Islamic Development Bank (IsDB) Group and Eng. Qaies Ibrahim Julaidan, Chairman of the Board of Trustees of Dar Al Hekma University, signed a Memorandum of Understanding to facilitate cooperation between the two entities in the field of education, academic and vocational training, consulting, and business development programs.
The Board of Executive Directors (BED) of Islamic Development Bank (IsDB) has approved US $238.1 million worth of project financing for Benin Republic, Cote D’Ivoire, Kyrgyz Republic and Nigeria. The BED also approved the financing of a pilot project on energy access to finance through crowdfunding.
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