Jeddah, Kingdom of Saudi Arabia, 18 August 2024 – The Islamic Development Bank has announced the call for nominations to win prizes for the 2025 IsDB Prize for Impactful Achievement in Islamic Economics.

Individuals and institutions may now click on this link before 30^th October 2024 to nominate projects that have had positive and significant economic impacts on people’s lives based on Islamic principles.

The prize comes with a US$ 100,000 award for the first-place winner. The second and third places are to win US$ 70,000 and US$ 30,000, respectively.

The nominated projects are required to have been successfully initiated in Islamic Development Bank (IsDB) member countries within the previous seven years and they should be replicable in other countries.

The invitation is staged by IsDB’s research and training arm, the Islamic Development Bank Institute (IsDBI).

The 2025 IsDB prize is solely focused on the ‘Development Solutions Achievement’ category aiming to recognize and reward successful projects that solve important development challenges in IsDB Member Countries.

The prize winner and runners-up will be honored at a ceremony during the 2025 IsDB Group Annual Meetings due to be held in Algiers, Algeria.

For more information about the call for nominations, click About IsDB Prize to download the brochure or contact us at isdbprize@isdb.org.