The Islamic Development Bank (IsDB)’s “AAA” credit rating was affirmed with a “Stable Outlook” by Fitch Ratings on May 28, 2019. The trust certificates issued by IsDB Trust Services Ltd. have also been affirmed at ‘AAA’.
The Islamic Summit Conference commended, during its 14th ordinary session in Makkah, the important role of the Islamic Development Bank (IsDB) Group in promoting comprehensive development in OIC Member States, strengthening their cooperation, enhancing Islamic finance, developing infrastructure and promoting the private sector. The Conference called upon Member States to significantly increase the IsDB’s capital to enable it to meet the increasing needs of its Member States.
The Islamic Development Bank Group (IsDB) has organized today a workshop on the Arab-Africa Trade Bridges (AATB) Program, through the International Islamic Trade Finance Corporation (ITFC), under the patronage of HE Dr. Bandar Hajjar, President of IsDB Group.
H.E. Dr Bandar M. H. Hajjar, the President of the Islamic Development Bank (IsDB), and Elhadj As Sy, the Secretary General of the International Federation of Red Cross and Red Crescent Societies (IFRC), agreed on plans to create of a multi-million dollar fund to combat cholera and other diarrheal diseases in OIC countries.
H.E Dr. Bandar Hajjar, the President of the Islamic Development Bank, and H.E Ilyas Moussa Dawaleh Minister of Economy and Finance in-charge of Industry and Planning, IsDB Governor for Djibouti, signed US$ 64.8 million agreement for financing the Djibouti Africa Regional Express- 1 Submarine Cable Project, and Health System Strengthening with Emphasis on Maternal, Newborn and Child Health (MNCH) Project.
The Islamic Development Bank ("IsDB"), rated Aaa/AAA/AAA by Moody’s, S&P and Fitch (all stable outlook), has successfully priced a US$1.5 billion, 5-year Trust Certificates (Sukuk) under its US$25 billion Trust Certificate Issuance Programme. The Sukuk was priced at par at 2.843%, to be payable on semi-annual basis, marking IsDB’s first public issuance in 2019.
Heads of state, ministers, leaders of multilateral development banks, private sector executives, women entrepreneurs, and contributing governments of the Women Entrepreneurs Finance Initiative (We-Fi) convened today at the first We-Fi Regional Summit to discuss concrete ways to strengthen support for women-led small and medium-sized enterprises (SMEs) in West Africa.
The expanding support among world leaders for providing quality education to children in the world’s poorest countries received a major boost today as the Global Partnership for Education (GPE) and the Islamic Development Bank (IsDB) agreed to a multi-pronged collaboration that will broaden and deepen GPE’s engagement with new partners.
His Excellency Dr Bandar Hajjar has set out his new vision for how the world can meet the 2030 targets with the release of a new book, which explains his plan for a new business model to achieve the #SDGs in full