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).
Al-Shabab is nothing but a faithless and ruthless mafia who initially (not now)deceived the vulnerable unsuspecting and less sophisticated Somalis with the usual symbols of Islam- turbans and beads.
They are the worst and most dangerous criminals ever existed not only in the Horn region but in the entire continent of Africa and should, therefore, be treated and dealt with as such and without mercy.
They are the worst disease ever visited that part of the world and every effort should be made to eradicate them.
Btrother Ali
I agree with you Al-Shabab and the new Wahabbism that is taking over both Somalia and Somaliland are evil imports and have no place in our loving, caring, forgiving Islam we had for almost 1500 years. I hate fighting but i say these mosnsters shouldl be fought and defeated at all costs. They are murdering monsters and May Allah bring down his eternal wrath on them. Amen
Sanyare
Al-shabab siday doonaan haw xumaadeene, waxay umadda ka qabteen qoladan WFP marka soomaalida iyo afrikaankaba arkaan inay isku filaasho gaadhayaan, ka soo dul dejiyaan toban markab oo cunto ah.
Bal u fiirsadoo markay abaaruhu jiraan wax uma qabtaan dadka.
Ma xasuusataan Burco wixii ka dhacay sanad ama laba sano ka hor. Dadkii markay cunto heleen ayay ka soo dul dejiyeen sarreen.
According to this news and very few other others AlShabab are doing great, however, most of news are focusing on their negative aspect. To this day Western media and their proxies are against Alshabab. I am in the pinion that this movement needs to be given a time and support ultimately thy will learn. declaring a war will only deepen and shade innocent blood.
Even if they are responsible for this increase in food supply, it is minuscule in scale compared to the chaos, war and havoc they and many other internal and foreign actors have caused. They are not the only responsible group, any friction requires two opposite forces.
The UN and World Trade Organisation's policies, particularly the latter have caused a great deal of hunger across the world – this is not some Al-Shabab propaganda, it is a FACT. Dumping (cheap food imports to thirdworldcountries to boost western farmers) to take one of many examples is just how they cause hunger, poverty and long term dependency.
DO SOME RESEARCH OF YOUR OWN – LOOK AT 'DUMPING'.
you can always buy cheap foods on any supermarket these days because food production is mechanized already ,~`