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case studies on Innovations in Islamic Finance Innovations in Islamic Finance case studies on March 2023 Case Studies on Innovations in Islamic Finance March 2023 Copyright © 2023 United Nations Development Programme Copyright © 2023 Islamic Development Bank Kuala Lumpur Center of Excellence All rights reserved. ... It provides readers with a brief description of selected innovative Islamic financial practices, namely on digital sukuk for retail buyers, value-based intermediation (VBI), fintech applications in Islamic social and Islamic microfinance.
VISION The Islamic Development Bank strives to become a world-class development bank, inspired by Islamic principles, that helps to significantly transform the landscape of comprehensive human development in the Muslim world and to restore its dignity. ... ISLAMIC DEVELOPMENT BANK GROUP The IsDB Group comprises five entities: the Islamic Development Bank (IsDB), the Islamic Development Bank Institute (IsDBI), the Islamic Corporation for the Development of the Private Sector (ICD), the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), and the International Islamic Trade Finance Corporation (ITFC).
T: +603 8882 9089 F: +603 8882 9098 E: pre2020@treasury.gov.my W: www.treasury.gov.my 8 9 10 11 12 13 Copyright © 2020 Ministry of Finance Malaysia (MOF), Malaysia External Trade Development Corporation (MATRADE) and Islamic Development Bank (IsDB). ... Investment for Industrial Development Malaysia Investment Development Agency (MIDA) 180 184 186 188 Islamic Finance and Advisory Malaysia International Islamic Financial Centre (MIFC) INCEIF, The Global University of Islamic Finance Amanie Advisors Sdn.
Learn more at undp.org or follow at @UNDP and @UNDPMaldives Islamic Development Bank The Islamic Development Bank (IsDB) is a multilateral development bank that aims to foster socio-economic progress in its member countries and Muslim communities worldwide. Guided by the principles of Islamic finance, the IsDB provides project financing, technical expertise, and capacity-building initiatives to support sustainable development and improve the quality of life for people in its member countries.
EMPOWERING PEOPLE FOR A SUSTAINABLE FUTURE DRIVING INNOVATION, PARTNERSHIPS, ISLAMIC FINANCE AND VALUE CHAINS 06 2020: A Year of Global Engagement & Advocacy for IsDB Group Showcasing IsDBG’s role in the G20 & Heads of MDBs Meetings ACRONYMS & ABBREVIATIONS 3Rs Respond, Restore, Restart 4IR Fourth Industrial Revolution 5Ps Public-Private-Philanthropic-People-Partnerships AfDB African Development Bank AI Artificial Intelligence AMF Arab Monetary Fund AMR Antimicrobial Resistance AsDB Asian Development Bank ASEAN Association of Southeast Asian Nations AU African Union BTOR Back-To-Office Report CEB Council of Europe Development Bank CEPI Coalition for Epidemic Preparedness Innovations CFO Chief Financial Officer CPC Country Programs Complex CPs Country Platforms CRO Chief Risk Officer CSOs Civil Society Organizations DETF Digital Economy Task Force DSSI Debt Service Suspension Initiative EBRD European Bank for Reconstruction and Development EIB European Investment Bank EPG Eminent Persons Group on Global Financial Governance EU European Union FAO Food and Agriculture Organization FATF Financial Action Task Force FCBD Finance and Central Bank Deputies FIAP Financial Inclusion Action Plan FIND Foundation for Innovative New Diagnostics FMCBG Finance Ministers and Central Bank Governors FSB Financial Stability Board FWG Framework Working Group GAVI Gavi, the Vaccine Alliance GCC Gulf Cooperation Council GEMs Global Emerging Markets GPFI Global Partnership for Financial Inclusion GVCs Global Value Chains ICD Islamic Corporation for the Development of the Private Sector ICIEC Islamic Corporation for the Insurance of Investment and Export Credit ICT Information and Communications Technology IEA International Energy Agency IEF International Energy Forum 08 Acronyms and Abbreviations IFA International Financial Architecture IFC International Finance Corporation ILO International Labour Organization IMF International Monetary Fund IRTI Islamic Research and Training Institute IsDB Islamic Development Bank ISFD Islamic Solidarity Fund for Development ITFC International Islamic Trade Finance Corporation IWG Infrastructure Working Group KAPSARC King Abdullah Petroleum Studies and Research Center KRI Key Risk Indicators KSA Kingdom of Saudi Arabia LDCs Least Developed Countries LLF Lives and Livelihood's Fund MDBs Multilateral Development Banks MENA The Middle East and North Africa MfDR Management for Development Results NEPAD New Partnership for Africa’s Development OECD Organization for Economic Cooperation and Development OFID OPEC Fund for International Development OPEC Organization of the Petroleum Exporting Countries P5P President’s Five-Year Program PCT Preferred Creditor Treatment PPP Public-Private Partnership PRI Political Risk Insurance RCI Regional Cooperation and Integration RCSA Risk and Control Self-Assessment SDGs Sustainable Development Goals SDR Special Drawing Right SEforALL Sustainable Energy for All SMEs Small and Mid-size Enterprises UHC Universal Health Coverage UN United Nations UNDP United Nations Development Programme UNICEF United Nations Children's Fund UNOPS United Nations Office for Project Services WB / WBG World Bank / World Bank Group WFP World Food Programme WG Working Group WHO World Health Organization WTO World Trade Organization WWF World WAQF Foundation 09 2020: A Year of Global Engagement & Advocacy for IsDB Group Showcasing IsDBG’s role in the G20 & Heads of MDBs Meetings TABLE OF CONTENTS ACRONYMS AND ABBREVIATIONS 04 01 MESSAGE FROM THE PRESIDENT 12 02 EXECUTIVE SUMMARY 20 03 INTRODUCTION 24 04 ISLAMIC DEVELOPMENT BANK AT A GLANCE 26 4.1 About IsDB 27 4.2 Isdb’s 5 Pillars of Activity 28 4.3 Isdb Group Members 28 4.4 The President’s Five-Year Program 29 4.5 Key Business Results 31 05 THE SAUDI G20 PRESIDENCY 36 5.1 Background on G20 37 5.2 Overview of the G20 Organization 38 5.3 Saudi Presidency of the G20 39 10 Table of Contents 06 IsDB GROUP’S PARTICIPATION AND CONTRIBUTION TO G20 46 6.1 IsDB Group’s Role in G20 47 6.2 IsDB Group’s Contribution to G20 50 6.3 Finance Track 50 6.4 Sherpa Track 62 6.5 Engagement Groups 80 07 IsDB CHAIRMANSHIP OF HEADS OF MDBs MEETINGS 86 7.1 Background 87 7.2 Priorities for 2020 88 7.3 Future Plans 91 08 KEEPING THE MOMENTUM 92 ANNEXES 95 Annex 1: IsDB Group Interventions at G20 96 Annex 2: IsDB Group Contributions to G20 99 G20 Branding (logos, colors and visual elements), photos of G20 Meetings and photos taken from the G20 website are credited to G20 Saudi Secretariat. The views expressed in this publication are those of the authors and do not necessarily reflect the views or policies of the Islamic Development Bank (IsDB), its Entities, its Executive Directors or the Countries they represent.
The AATB Program will promote value chain projects to enhance access to Arab and African markets, capitalize on digitization, and forge a just transition to clean energy in line with development objectives. ... ICIEC is hosting high-level panel discussions on ‘Credit and Political Risk Insurance in Facilitating Climate Action’ and ‘Digital Transformation in Support of Finance and Investment.’
IsDB member countries need to take action now to create additional resources, increase their productivity and transform their business models in order to support stable growth and innovation. ... Ahmed Elkhodary Director of Strategy and Transformation Islamic Development Bank (IsDB) 5 EXECUTIVE SUMMARY The labor intensity of the Textile and Apparel industry and its critical role in the early stages of the industrialization process necessitate IsDB Member Countries to understand and rebuild a resilient Textile and Apparel Industry in the face of volatile global markets and to • Game-changing technologies, such as automated cutting machines and 3D printing, as well as digitalization, will elevate efficiency, promote sustainability, and take textile materials to the next level.
This vision is enshrined in the Bank’s RCI Policy which is built on four pillars: (i) enhancing crossborder connectivity, (ii) improving investment climate and competitiveness, (iii) mainstreaming trade and Islamic Finance, and (iv) facilitating cooperation to provide regional public goods. ... In this context, ITFC is concentrating on Trade Integrated Solutions, which include initiatives for capacity-building and trade financing, to create greater integration.
Further, the program’s future approach focuses on developing skills in the field of digital economy to develop and increase the efficiency and effectiveness of Arab and African countries in order to target products with high added value and increase the competitiveness of their exports by controlling the cost of production and removing obstacles and providing solutions for payments, shipping and the competitiveness of Arab-African trade. ... AATB Bro2021-E-May22.pdf 12 5/22/22 2:47 PM B C M Y CM MY CY CMY K C Executive Committee General Secretariat (GS) Executive Committee consists of AATB’s representatives for the members who are agreed to be nominated to work on transforming the strategies and standards approved by the Board of Governors into implementable activities through reviewing and approving projects based on resources and priorities.
Senior Manager, Monitoring and Evaluation, ITFC 07 Partnering with the UN to Explore the Role of Islamic Social Financing in Achieving the SDGs Dr. ... Mansur Muhtar, Vice President, Country Operations, Islamic Development Bank; Mr.