UNICEF and the Islamic Development Bank (IsDB) today launched an innovative fund that will open new opportunities for Muslim philanthropy to reach the millions of children currently in need of humanitarian support and help achieve the Sustainable Development Goals (SDGs).
Multilateral Development Banks have been at the forefront of supporting our clients’ efforts to pursue ambitious climate action for more than a decade.
The International Atomic Energy Agency (IAEA) and the Islamic Development Bank (IsDB) today launched a drive to raise funds for projects helping countries tackle cancers that affect over 8.6 million women globally every year.
H.E. Dr. Bandar Hajjar, President of the Islamic Development Bank (IsDB) Group and Eng. Qaies Ibrahim Julaidan, Chairman of the Board of Trustees of Dar Al Hekma University, signed a Memorandum of Understanding to facilitate cooperation between the two entities in the field of education, academic and vocational training, consulting, and business development programs.
The Board of Executive Directors (BED) of Islamic Development Bank (IsDB) has approved US $238.1 million worth of project financing for Benin Republic, Cote D’Ivoire, Kyrgyz Republic and Nigeria. The BED also approved the financing of a pilot project on energy access to finance through crowdfunding.
The Islamic Development Bank (IsDB) has applauded the Malaysia based energy company, Serba Dinamik Holdings Berhad (SDHB), for providing US $30 million to implement Technical and Vocational Education Training (TVET) in the energy sector in IsDB member countries through Reverse Linkage mechanism. IsDB President, Dr. Bandar Hajjar welcomed the initiative during the signing of agreement with the CEO of SDHB, Dato Dr. M.A Karim Abdullah in Jeddah.
At least 937 students from China have benefited from the scholarships provided by the Islamic Development Bank (IsDB) through the Community Outreach programme of the bank. IsDB has also approved 27 community development projects at the cost of US $11.8 million through the Special Assistance Programme in education, vocational training, and heath sector in various provinces such as Beijing, Ningxia, Yuan, Tianjin, Hubei and others.
The Board of Executive Directors (BED) of Islamic Development Bank (IsDB) has approved several projects worth US $325 million for Burkina Faso, Kazakhstan, and Mozambique. The approvals also include a Technical Assistance Loan to Suriname and a Waqf (endowment) project through the Islamic Solidarity Fund for Development (ISFD) to Benin Republic.
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’.
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