12.02.2011, Jeddah, KSA
The President of the Islamic Development Bank (IDB) Dr. Ahmad Mohamed Ali met, today, at IDB headquarters
in Jeddah with the Rt. Hon. the Lord Mayor of the City of London, Alderman Michael Bear and his accompanying delegation.
Dr. Ali who stressed the importance of the annual coordination meetings between the two parties commended the tangible development of IDB relations with the business community in London which poses an international hub for Islamic finance industry.
For his part, the Lord Mayor of London expressed his keenness on developing relations with IDB in fields of mutual concerns especially Islamic finance, and he reviewed their projects geared towards the development of Islamic community in London.
Dr. Abdul Aziz Al-Hinai, IDB vice president provided a review on the IDB Sukuk issuance program, noting that London has presented a very important road show center for these programs, and discussed the Bank’s plan for issuing Sterling denominated Sukuk.
The two parties expressed desire to coordinate respective activities in fields of education and poverty alleviation. They also touched on IDB relations with the Princesses Trust Mosaic Charity Program, Department for International Development and cooperation with British universities.