Islamic Development Bank - Empowering people, building partnerships, driving innovation https://www.isdb.org/rss.xml en The Islamic Development Bank redefines the future of sustainability in cities during its inaugural Transformers Summit https://www.isdb.org/the-islamic-development-bank-redefines-the-future-of-sustainability-in-cities-during-its-inaugural-transformers-summit <p><strong>Cambridge, UK, 10<sup>th</sup> December 2018 </strong>– The conventional development model is no longer able to address the pressing issues of rapid urbanisation in countries all over the world. With the global population rapidly expanding in cities, investing in science, technology and innovation is the only way to ensure socio-economic development in lower and middle countries, participants of the inaugural Transformers Summit, hosted by the Islamic Development Bank (IsDB), heard today.</p> Tue, 18/12/2018 - 13:58 IsDB https://www.isdb.org/The%20Islamic%20Development%20Bank%20redefines%20the%20future%20of%20sustainability%20in%20cities%20during%20its%20inaugural%20Transformers%20Summit The Islamic Development Bank approves nearly US$ 282 million for development projects https://www.isdb.org/the-islamic-development-bank-approves-nearly-us-282-million-for-development-projects <p>Jeddah – 16 December 2018: The Board of Executive Directors of the Islamic Development Bank, which concluded its 328<sup>th</sup> meeting at IsDB headquarters in Jeddah, on Sunday 14 December 2018, under the chairmanship of HE Dr. Bandar Hajjar, IsDB President, has approved US$ 281.55 million for new development projects in member countries.</p> Tue, 18/12/2018 - 13:48 IsDB https://www.isdb.org/The%20Islamic%20Development%20Bank%20approves%20nearly%20US%24%20282%20million%20for%20development%20projects The 2019-2020 Call for IsDB Scholarship Applications is now opened! https://www.isdb.org/the-2019-2020-call-for-isdb-scholarship-applications-is-now-opened <p>The IsDB is pleased to announce that calls for scholarship applications for the academic year 2019-2020 are <a href="https://isdbscholarships.smartsimple.com/s_Login.jsp">now opened through a new portal</a> to receive online applications for the following programmes:</p> Mon, 17/12/2018 - 00:39 IsDB https://www.isdb.org/The%202019-2020%20Call%20for%20IsDB%20Scholarship%20Applications%20is%20now%20opened%21 Request for an Expression of Interest for a National Agricultural Value Chain Study in Suriname https://www.isdb.org/request-for-an-expression-of-interest-for-a-national-agricultural-value-chain-study-in-suriname <p>The Government of Suriname (GOS) has received financing from the Caribbean Development Bank (CDB) and The Islamic Corporation for the Development of the Private Sector (ICD), member of the Islamic Development Bank (IsDB) Group, towards the cost of the Agricultural Sector Value Chain Analysis Project and intends to apply a portion of the proceeds of this financing to eligible payments under a contract for which this invitation is issued. Thu, 06/12/2018 - 09:51 IsDB https://www.isdb.org/Request%20for%20an%20Expression%20of%20Interest%20for%20a%20National%20Agricultural%20Value%20Chain%20Study%20in%20Suriname Transformers Academy Week https://www.isdb.org/transformers-academy-week <p><img alt="" src="https://www.isdb.org/sites/default/files/2018-12/IMG_7034_web.jpg" /></p> <p>Today the Islamic Development Bank (IsDB) launched the inaugural Transformers Academy at Cambridge University, ahead of the Transformers Summit on 10 December.</p> <p>The Academy is comprised of the top 30 innovators and entrepreneurs who have received the initial round of investment from the IsDB’s $500M Transform Fund.</p> Tue, 04/12/2018 - 19:10 IsDB https://www.isdb.org/Transformers%20Academy%20Week ToR for Consultanncy Services for Enhancing Quality of Operational Documents https://www.isdb.org/tor-for-consultanncy-services-for-enhancing-quality-of-operational-documents <p>Terms of Reference for Consultancy Services for Enhancing Quality of Operational Documents</p> <p>I. Introduction</p> Tue, 04/12/2018 - 17:12 IsDB https://www.isdb.org/ToR%20for%20Consultanncy%20Services%20for%20Enhancing%20Quality%20of%20Operational%20Documents General Procurement Notice-Expansion & Development of the port of tripoli project-Lebanon https://www.isdb.org/general-procurement-notice-expansion-development-of-the-port-of-tripoli-project-lebanon <p>The Government of Lebanon has applied for financing in the amount of $86,000,000 equivalent from the Islamic Development Bank toward the cost of the Expansion and Development of the Port of Tripoli, and it intends to apply part of the proceeds to payments for goods, works, related services and consulting services to be procured under this project This project will (I be jointly financed by the Government of Lebanon.<br /> The project will include the following components.</p> <p>1. Civil Works ----------------------------------------------------Mode of Procurement</p> Tue, 04/12/2018 - 17:07 IsDB https://www.isdb.org/General%20Procurement%20Notice-Expansion%20%26amp%3B%20Development%20of%20the%20port%20of%20tripoli%20project-Lebanon Construction of 7 Demostration and Multiplication Plots and it's Complementary Works for the livestocks and Fisheries Development Project (LIFIDEP) in two (2) lots. https://www.isdb.org/construction-of-7-demostration-and-multiplication-plots-and-its-complementary-works-for-the-livestocks-and-fisheries-development-project-lifidep-in-two-2-lots <p>1. The Government of the Republic of Cameroon has received funding from the Islamic Development Bank (IDB) towards the cost of the Livestock and Fisheries Development Project (LIFIDEP) for the North West Region of Cameroon and the Livestock and Fisheries Development Project (LIFIDEP) intends to apply a portion of this financing to eligible payments under the Contract for the construction of 7 demonstration and multiplication plots and its complimentary works in the North West Region. </p> Tue, 04/12/2018 - 15:45 IsDB https://www.isdb.org/Construction%20of%207%20Demostration%20and%20Multiplication%20Plots%20and%20it%26#039;s Complementary Works for the livestocks and Fisheries Development Project (LIFIDEP) in two (2) lots. IsDB launches new fund for SDG and refugee scientists https://www.isdb.org/isdb-launches-new-fund-for-sdg-and-refugee-scientists <p><img alt="refugee fund" src="/sites/default/files/2018-11/WhatsApp%20Image%202018-11-25%20at%204.05.37%20PM.jpeg" /></p> <p><strong>25th November 2018</strong> The Islamic Development Bank (IsDB) and the World Academy of Sciences (TWAS) have today launched a $2.5m package to boost scientific capability for the developing world, boosting sustainability sciences and supporting refugee scientists.</p> Mon, 26/11/2018 - 12:55 IsDB https://www.isdb.org/IsDB%20launches%20new%20fund%20for%20SDG%20and%20refugee%20scientists%20 From aid to empowerment: How IsDB helps in making the market work for development https://www.isdb.org/from-aid-to-empowerment-how-isdb-helps-in-making-the-market-work-for-development <h2>Lecture given at Oxford Center for Islamic Studies, by His Excellency Dr. Bandar Hajjar</h2> <h2>OXFORD UNIVERSITY</h2> <h2>13 November 2018</h2> <p> </p> <p><img alt="Lecture" src="/sites/default/files/WhatsApp Image 2018-11-13 at 10.45.30 PM_0.jpeg" /></p> <p><strong>In the name of Allah, Most Gracious, Most Merciful</strong></p> <p>Praise be to Allah, the Lord of the worlds; and blessings and peace be upon His Prophet Muhammad and all Profits whom they were sent for Guidance, Truth, and Mercy to all humankind.</p> Wed, 21/11/2018 - 18:18 IsDB https://www.isdb.org/From%20aid%20to%20empowerment%3A%20How%20IsDB%20helps%20in%20making%20the%20market%20work%20for%20development African Development Bank, International Financial Institutions Launch First-ever Co-Guarantee Platform https://www.isdb.org/african-development-bank-international-financial-institutions-launch-first-ever-co-guarantee-platform <p><strong>Johannesburg, South Africa, 07 November 2018</strong> — The African Development Bank alongside Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), African Trade Insurance Agency (ATI) and GuarantCo, on Wednesday entered into a Memorandum of Understanding for a Co-Guarantee Platform (CGP). This initiative, the first of its kind and being promoted by the Bank, was signed on the first day of the Bank’s inaugural Africa Investment Forum in Johannesburg.</p> Thu, 08/11/2018 - 13:46 IsDB https://www.isdb.org/African%20Development%20Bank%2C%20International%20Financial%20Institutions%20Launch%20First-ever%20Co-Guarantee%20Platform Procurement of Laboratory Equipment https://www.isdb.org/procurement-of-laboratory-equipment <ol><li> <p>The Government of the Republic of Uzbekistan has applied for financing from the Islamic Development Bank (the “IDB”) toward the cost of “Support to Equipping State Sanitary and Epidemiological Supervision Centers with Laboratory Equipment Project in the Republic of Uzbekistan”, and it intends to apply part of the proceeds of this financing to payments under the contract for Procurement of Laboratory Equipment, ICB No: UZB-0073/ICB/02.</p> </li> <li> <p>The Ministry of Health of Uzbekistan now invites sealed bids from eligible Bidders for supply of the following equipment:</p></li></ol> Wed, 07/11/2018 - 13:22 IsDB https://www.isdb.org/Procurement%20of%20Laboratory%20Equipment Islamic Development Bank to sell 650 million euro sukuk https://www.isdb.org/islamic-development-bank-to-sell-650-million-euro-sukuk <p>The Islamic Development Bank (IsDB), rated Aaa/AAA/AAA by Moody’s, S&amp;P and Fitch (all stable outlook), has successfully priced its debut EUR Denominated issuance amounting to EUR 650 million, 5-year Trust Certificates (Sukuk) under its US$25 billion Trust Certificate Issuance Programme. Following the success of the issuance, the IsDB plans to become a frequent issuer in the EUR Space going forward.<br /></p> Thu, 01/11/2018 - 16:15 IsDB https://www.isdb.org/Islamic%20Development%20Bank%20to%20sell%20650%20million%20euro%20sukuk REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTANT SERVICES) SUPPORT TO THE DEVELOPMENT OF ONCOLOGY SERVICES PROJECT IN THE REPUBLIC OF UZBEKISTAN https://www.isdb.org/request-for-expressions-of-interest-consultant-services-support-to-the-development-of-oncology-services-project-in-the-republic-of-uzbekistan <p>The Government of Uzbekistan has received financing from the Islamic Development Bank toward the cost of the “Support to Development of Oncology Services Project in the Republic of Uzbekistan”, and intends to apply part of the proceeds for training services (repeatedly). The services include training of the following number of specialists:</p> <table><tbody><tr><td> <p>No.</p> </td> <td> <p>Specialty</p> </td> <td> <p>Number of people</p> </td> </tr><tr><td> <p>1)</p> </td> <td> <p>Therapeutic radiologists, including:</p> </td> <td> <p>37</p></td></tr></tbody></table> Thu, 01/11/2018 - 12:29 IsDB https://www.isdb.org/REQUEST%20FOR%20EXPRESSIONS%20OF%20INTEREST%20%28CONSULTANT%20SERVICES%29%20SUPPORT%20TO%20THE%20DEVELOPMENT%20OF%20ONCOLOGY%20SERVICES%20PROJECT%20IN%20THE%20REPUBLIC%20OF%20UZBEKISTAN Islamic Infrastructure Finance Symposium https://www.isdb.org/islamic-infrastructure-finance-symposium <p><img alt="" src="/sites/default/files/100918_Roundtable%20on%20Islamic%20Infrastructure%20Finance_254_F.jpg" /></p> <p>This month the Islamic Development Bank, together with the World Bank, held a symposium in Bali on Islamic Infrastructure Finance.</p> Tue, 30/10/2018 - 18:53 IsDB https://www.isdb.org/Islamic%20Infrastructure%20Finance%20Symposium REQUEST FOR EXPRESSION OF INTEREST (CONSULTANT SERVICES): The developing an appropriate regulatory, supervisory and Sharia frameworks for Islamic banking and Islamic monetary policy tolls in the Kyrgyz Republic https://www.isdb.org/request-for-expression-of-interest-consultant-services-the-developing-an-appropriate-regulatory-supervisory-and-sharia-frameworks-for-islamic-banking-and-islamic-monetary-policy-tolls-in-the-kyrgyz-republic <p>REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTANT SERVICES)</p> <p>Kyrgyz Republic</p> <p>The developing an appropriate regulatory, supervisory and Sharia frameworks for Islamic banking and Islamic monetary policy tools in the Kyrgyz Republic</p> <p>The project General Procurement Notice was published in the Websites of Islamic Development Bank and the National Bank of the Kyrgyz Republic on October 7, 2018. </p> Thu, 25/10/2018 - 10:58 IsDB https://www.isdb.org/REQUEST%20FOR%20EXPRESSION%20OF%20INTEREST%20%28CONSULTANT%20SERVICES%29%3A%20The%20developing%20an%20appropriate%20regulatory%2C%20supervisory%20and%20Sharia%20frameworks%20for%20Islamic%20banking%20and%20Islamic%20monetary%20policy%20tolls%20in%20the%20Kyrgyz%20Republic IsDB Group Symposium explores key development challenges https://www.isdb.org/isdb-group-symposium-explores-key-development-challenges <p><strong>Jeddah, Saudi Arabia, 24 October 2018 – </strong>His Excellency Dr Bandar Hajjar, President of the Islamic Development Bank (IsDB) officially opened the Third Islamic Development Bank Group Symposium, aimed at promoting the internal learning culture of the Group, as well as supporting institutional governance. The event aims to support the successful on-going transformation of the Bank, through disseminating evidence-based best practices and promoting innovative development.</p> Wed, 24/10/2018 - 19:29 IsDB https://www.isdb.org/IsDB%20Group%20Symposium%20explores%20key%20development%20challenges CONSULTANCY SERVICES FOR DETAILED ENGINEERING DESIGN AND CONSTRUCTION SUPERVISION FOR PROPOSED IRRIGATION SCHEMES DEVELOPMENT https://www.isdb.org/consultancy-services-for-detailed-engineering-design-and-construction-supervision-for-proposed-irrigation-schemes-development <p lang="en-GB" lang="en-GB" lang="en-GB">The Government of Uganda has received financing from the Islamic Development Bank (IsDB) towards the cost of the Enhancing National Food Security through Increased Rice Production project, and intends to apply part of the proceeds for consultant services. The services include Terms of Reference for Studies, Detailed Engineering Design and Construction Supervision for proposed Irrigation schemes development of Igogero and Naigombwa in Bugiri and Bugweri districts to be implemented over a 48 calendar months period.</p> Tue, 23/10/2018 - 17:19 IsDB https://www.isdb.org/CONSULTANCY%20SERVICES%20FOR%20DETAILED%20ENGINEERING%20DESIGN%20AND%20CONSTRUCTION%20SUPERVISION%20FOR%20PROPOSED%20IRRIGATION%20SCHEMES%20DEVELOPMENT H.E. Dr Bandar Hajjar, President of the IsDB, meets with the Prime Minister of Malaysia https://www.isdb.org/he-dr-bandar-hajjar-president-of-the-isdb-meets-with-the-prime-minister-of-malaysia <p><strong>Putrajaya 16 October 2018</strong>. H.E. Dr Bandar Hajjar, President of the Islamic Development Bank (IsDB), met with H.E. Mahathir Mohammad, Prime Minister of Malaysia today in Putrajaya and discussed with him ways and means to strengthen the already excellent relationships between the IsDB and Malaysia. He expressed, on this occasion his sincere thanks to the Government of Malaysia for the continuous support it provides to the IsDB Group and his great appreciation to H.E. Mahathir Mohammad for his able leadership in chairing IDB Vision 1440H (2020) Commission ten years ago.</p> Tue, 16/10/2018 - 14:12 IsDB https://www.isdb.org/H.E.%20Dr%20Bandar%20Hajjar%2C%20President%20of%20the%20IsDB%2C%20meets%20with%20the%20Prime%20Minister%20of%20Malaysia%20 The IsDB Provides US$1million Emergency Relief Grant to Indonesia https://www.isdb.org/the-isdb-provides-us1million-emergency-relief-grant-to-indonesia <p><strong>Jakarta, 15 October 2018</strong> - H.E. Dr. Bandar Hajjar, President of Islamic Development Bank (IsDB) met H.E. Mr. Joko Widodo, the President of Indonesia at the Presidential Palace today in Jakarta and expressed, on behalf of IsDB, his sincere condolences for the victims of the recent earthquake in Sulawesi.</p> Sun, 14/10/2018 - 12:32 IsDB https://www.isdb.org/%20The%20IsDB%20Provides%20US%241million%20Emergency%20Relief%20Grant%20to%20Indonesia%20