The Forum, themed “Digital Transformation and Financial Inclusion in Islamic Finance,” convened global thought leaders, policymakers, development experts, and industry stakeholders to explore innovative strategies for advancing sustainable development through Islamic finance. ... The Forum included two panel discussions: The first panel explored the integration of digital Islamic finance with postal services to enhance financial inclusion.

The Forum, themed “Digital Transformation and Financial Inclusion in Islamic Finance,” convened global thought leaders, policymakers, development experts, and industry stakeholders to explore innovative strategies for advancing sustainable development through Islamic finance. ... The Forum included two panel discussions: The first panel explored the integration of digital Islamic finance with postal services to enhance financial inclusion.

“Together, let us transform digital potential into tangible progress and ensure that MSMEs are placed at the heart of our digital development journey,” he urged. ... He underscored that digital transformation must be designed to leave no one behind, particularly underserved communities.

Al Jasser confirms the IsDB’s commitment to spare no effort to unlock the enormous potential of Islamic finance to help scale up global development funding”.  ... The IsDB has been committed to supporting digital transformation efforts in its 57 member countries.

Riyadh, Kingdom of Saudi Arabia, 19 December 2023 –The Islamic Development Bank (IsDB) and Saudi Arabia's Ministry of Communications and Information Technology (MCIT) convened in Riyadh to explore potential collaboration on financing digital transformation projects, with a particular emphasis on developing the digital economy. ... Both sides acknowledged the importance of enhancing digital reskilling and upskilling as crucial elements of digital transformation.

Al Jasser emphasized IsDB’s commitment to addressing the critical challenges facing member countries, particularly in areas of resilience, food security, and digital transformation. ... Al Jasser, also highlighted the Bank’s Digital Strategy (2024-2027), which aims to drive economic inclusion and empower communities through responsible digital transformation.

The Roundtable featured five topics on prevailing issues in five sessions, namely: Economic Revitalisation: Mapping a Sustainable Recovery Net Zero Transition: Growing Urgency Digital Transformation Revolution: Embracing Technology Muslim-Friendly Tourism and Hospitality: Capturing Opportunities Revitalising Waqf: Role of Islamic Finance Mr. ... He also emphasized on the importance of adopting innovative approaches and unconventional mechanisms for achieving these objectives while presenting the outcomes of three (3) Cases Studies jointly undertaken by IsDB KLCoE and UNDP Malaysia on innovations in Islamic Finance which focused on successful experiences in Malaysia and Indonesia in the area of Islamic Finance and Social Finance Ecosystem such as issuing Digital Social Sukuk known as Sukuk Prihatin, value-based intermediation (VBI), fintech and Islamic social finance such as Zakat, Waqf and Sadaqah.

Al Jasser emphasized IsDB’s commitment to addressing the member countries' critical challenges, particularly in resilience, food security, and digital transformation. ... Al Jasser, also highlighted the Bank’s Digital Strategy (2024-2027), which aims to drive economic inclusion and empower communities through responsible digital transformation.

“At the Islamic Development Bank Group, we endeavor to align our corporate and partnership strategies with member countries’ priorities and tackle the cross-cutting challenges related to economic resilience, green economy transition, and the digital era,” he said. The Islamic Development Bank Group Chairman emphasized the need to strengthen financial cooperation and better connect economies with large financial surpluses to those facing huge financing needs while inviting the participants to embark on the green economy transition and embrace digital transformation.

Both parties also discussed the upcoming Joint Islamic Finance Report 2025, a collaborative initiative between IsDB and IMF aimed at assessing the role of Islamic finance in global markets, regulatory challenges, and its potential to drive financial inclusion and stability. ... She emphasized the need for greater policy coordination, investment in digital transformation, and sustained multilateral engagement to support emerging economies.