The IsDBI’s agenda focused on advancing partnerships, capacity development, and knowledge-driven solutions in Islamic finance
JEDDAH, Saudi Arabia, June 2, 2025/APO Group/ --
The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) has reinforced its leadership in Islamic finance by engaging with key stakeholders in a series of high-level bilateral meetings during the 2025 IsDB Group Annual Meetings in Algiers, Algeria. These strategic engagements underscore IsDBI’s commitment to fostering collaboration, innovation, and sustainable development across its Member Countries.
Led by Dr. Sami Al-Suwailem, Acting Director General, the IsDBI team included Mr. Mohammad Khalid Jawahir, Senior Islamic Finance Specialist; Dr. Hylmun Izhar, Senior Research Economist; and Dr. Wejdan Kenali, Senior Editor. The IsDBI’s agenda focused on advancing partnerships, capacity development, and knowledge-driven solutions in Islamic finance.
Strengthening Global Partnerships
Key engagements included a meeting with the Securities Commission Malaysia, represented by Mrs. Sharifatul Hanizah, Executive Director, Islamic Capital Market and Mr. Hamzil Mohamadan, Head ICM Strategic Affairs, to explore collaboration in Sukuk, Awqaf, and sustainability initiatives.
Discussions with Islamic Financial Services Board (IFSB) officials, Dr. Ghiath Shabsigh, Secretary General and Dr. Abdullah Haron, Deputy Secretary General, centered on Islamic finance laws and regulations and leveraging artificial intelligence to enhance financial infrastructure.
The IsDBI team also met with Atlantic Group, a leading pan-African conglomerate, led by Mr. Léon Konan Koffi, Chairman of the Board, focusing on the development of internal Shariah-compliant financial capabilities to support the Group’s expansion.
A session with the Eurasian Development Bank, represented by Mr. Ruslan Dalenov, Deputy Chairman of the Management Board, addressed the introduction of Shariah-compliant financial instruments in Central Asia, promoting financial inclusion and economic diversification.
Advancing Social Finance and Capacity Building
The IsDBI also met with IFAAS CEO and founder, Mr. Farrukh Raza where discussions centered on capacity building programs and the applications of Islamic finance principles.
A meeting with Mr. Zeinoul Abedien Cajee, Deputy Secretary General of the World Zakat and Waqf Forum, and CEO of Awqaaf South Africa, stressed on the importance of Islamic social finance and innovative technologies, such as blockchain, to enhance waqf management.
Engagement with Mr. Abdou Karim Diaw, National Coordinator of Senegal’s PROMISE program, focused on capacity-building initiatives in Islamic microfinance to drive financial inclusion in underserved communities.
Promoting Innovation and Knowledge Sharing
The delegation from Bank Negara Malaysia, led by Ms. Nurul Izza Idris, Director of the Islamic Finance Department, exchanged insights on capacity building, digital payment innovation, and enhanced cooperation with Central Asian Member Countries.
A meeting with the Participation Banks Association of Türkiye (TKBB), represented by Ms. Fatma Çınar, Deputy Secretary General of TKBB and Mr. Ömer Karakuş from the Katılım Finans Kefalet (Islamic Credit Guarantee Fund), included discussions on Türkiye’s experiences in credit guarantees, digital transformation, and sustainability reporting, with an emphasis on knowledge sharing.
Supporting Regulatory Development and Strategic Planning
Engagements with H.E. Sheku A. Fantamadi Bangura, Minister of Finance and IsDB Governor for Sierra Leone, and H.E. Hassan Miras, Deputy Minister of Finance and Acting IsDB Governor for the Republic of Maldives, focused on developing national Islamic finance strategies, regulatory frameworks, and capacity-building programs.
Meetings with Dr. Mohamed Abouzain, General Manager of Algeria’s National Office of Awqaf and Zakat, and Dr. Ahmed Lamine Athié, Director General of Senegal’s Haute Autorité du Waqf (HAW), addressed long-term strategic planning and public awareness for waqf management.
Fostering Innovation for Economic Growth
A session with Mr. Adam Roble, Managing Director of the Somali Development and Reconstruction Bank, explored innovative Islamic finance instruments to support agriculture and SMEs, including risk-sharing solutions and e-commerce integration.
“These strategic meetings reflect IsDBI’s unwavering commitment to knowledge-based development, financial inclusion, and the use of Islamic finance as a driver of sustainable economic progress across the Member Countries and Muslim communities worldwide,” said Dr. Sami Al-Suwailem, Acting Director General of IsDBI.
The IsDB Institute remains dedicated to building robust partnerships and advancing the Islamic finance ecosystem for the benefit of all its Member Countries.
Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).
Does this mean that the count down of the days for Omer Geullle has started. Vote manifpulation is the cutlure of uses leaders like Siilaanyo.
Isaaq should take example from the useless ciise who completely abandoned the somali language, somali heritage and somali culture and even deny being of somali origin just to obey their french colonists masters so I urge my fellow Isaaq brothers/sisters to reject the Ethiopian stooge (SNM) who have barricaded themselves inside morgan toilet.
We issaqs educated and teached you daroods every thing you know. yOU DAROODS ARE NOTHING BUT FEW DOGS WHO HAVE BEEN TRAINED BY THEIR MASTERS. The ciise have more guts then daroods and mooryans put together.
CIISA are not somalis, infact most somalis see them SAME as AFAR ppl, they a lot in common.kkkkkkkkkkkk, CIISE DAD QAL,kkkkkkkkkkk
please just tell me why daroods are so jealous of everyone else. Just make me understand what fuels such jealousy.
Lol ur are so crasy Pirate boy. I do not still understand how we shared same country during 30 y. Once fully independent Somaliland Has to pass urgently law which ban zoomalian populated by pirates,terrorist,faqash,walanweyn ,moryan and Bantu for entrance for at least 10y time needeed to become more civilized.kkk
Kudos to the people of Djibouti and I just hope it don't turn violent and ugly, because we all know the tendencies of dictators.
Tellmetruth I'm with you they should do it peacefully, but I can see why people are sick and tired of this lousy dictator. Do you know the kind of money they make no one should be starving in that tiny nation. instead the condition of average joe is pretty bad and isn't getting any time soon better. Because of this brutal dictator and his bad policy which only is to enrich himself and his love ones at expenses of the greater population. the only advice I have for you is don't burn your country do it wisely.
These pirates with ill-gotten goods find us interesting than their dusty villages of Garawe and Bosasso.