17th IsDB Global Forum on Islamic Finance holds in Saudi Arabia

The Islamic Development Bank (IsDB) Institute is organizing the 17th IsDB Global Forum on Islamic Finance with a special focus on leveraging disruptive technologies to build an inclusive and resilient future.

Under the theme ‘Disruptive Solutions for a Resilient Economy’, the forum will be held on 12 May 2023 in Jeddah, Kingdom of Saudi Arabia, in conjunction with the 48th Annual Meetings of the IsDB Group.

H.E. Dr. Muhammad Al Jasser, the Chairman of the IsDB Group, will deliver the keynote speech, while former IsDB President H.E. Dr. Ahmad Ali will speak on the launch of the book, ‘The Islamic Development Bank and Dr. Ahmad Mohammad Ali: History of an Institution and Journey of a President’.

The book documents the evolution and exceptional achievements of the Islamic Development Bank under the leadership of Dr. Ahmad Ali over a period of four decades, from its establishment in 1975 until his retirement in 2016.

This year’s Forum will also feature the launching of a report titled ‘Islamic Financial Services Industry Development Ten-Year Framework and Strategies: A Final Review’. The report is a joint initiative of the IsDB Institute and Islamic Financial Services Board (IFSB).

Two panel sessions will be held on formulating proper policies to guide the application of new financial technologies to reduce poverty and achieve shared prosperity.

The first panel will present the current and future applications of digital vouchers, and explore potential partnership opportunities to help create a more financially inclusive community.

Speakers in this panel are Dr. Mohamad Hammour, Chairman and MD of Guidance Financial Group  and Member of the Institute’s Board of Trustees; Mr. Rami Alkarmi, Founder, Abnewnormal ai Venture Studio and Member of the Board of Trustees; and Dr. Peter D. Holden, Chief Corporate Development Officer at Beyond Limits Inc .

The second panel will introduce and discuss the Sukuk Enhancement Fund as a product that aims to support the Islamic finance ecosystems in IsDB member countries. The panelists are Dr. Suminto Sastrosuwito, Director General of Budget Financing and Risk Management, Ministry of Finance, Indonesia ; Mr. Ijlal Ahmed Alvi, CEO, International Islamic Financial Market (IIFM); and Ms. Sabeen Saleem, CEO, Islamic International Rating Agency (IIRA)

The forum is being co-organized with three knowledge partners, namely King Abdullah University of Science and Technology (KAUST), Effat University, and University of Business and Technology (UBT) , Jeddah, Kingdom of Saudi Arabia.

About the Islamic Development Bank Institute:
The Islamic Development Bank Institute (www.IsDBInstitute.org) is the knowledge beacon of the Islamic Development Bank Group. Guided by the principles of Islamic economics and finance, the IsDB Institute is mandated to lead the development of innovative knowledge-based solutions to support the sustainable economic advancement of IsDB Member Countries and various Muslim communities worldwide. The IsDB Institute enables economic development through pioneering research and original economic analysis, human capital development, and knowledge creation, dissemination and management. The Institute leads initiatives to enable Islamic finance ecosystems, ultimately helping Member Countries achieve their development objectives.

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