IsDBI annual report showcases pioneering solutions for economic resilience

IsDBI annual report showcases pioneering solutions for economic resilience

Jeddah, Kingdom of Saudi Arabia: - The Islamic Development Bank Institute (IsDBI) announces the release of its 2022 Annual Report, which showcases the Institute’s remarkable accomplishments in pioneering knowledge solutions for achieving sustainable and resilient economies. The annual report covers the Institute’s significant achievements in its three key functional areas, namely economic analysis of the development challenges facing IsDB Member Countries; Islamic finance advisory and capacity building that includes managing the Special Allocation Program to support the Islamic Financial Industry; and innovative technologies for new fintech applications to support financial inclusion and sustainable development. The report underscores the Institute's commitment to fostering socio-economic prosperity by leveraging Islamic finance principles and promoting human capital development. It highlights three new initiatives of the year, namely: Awqaf Free Zones , which aims to contribute to the long-term food and energy security of Member Countries. Smart Countertrade , which aims to enhance intra-trade among Member Countries using digital vouchers to support financial inclusion and economic integration. Digital Postal Islamic Financial Services , which aims to capitalize on the vast networks of postal services in MCs to support e-commerce and digital Islamic finance. “These projects integrate state-of-the-art research and capacity building to formulate tangible solutions