The Board of Executive Directors of the Islamic Development Bank (IDB) has approved US $789.4 million to finance development projects in eleven member countries as well as education projects for Muslim communities in non-member countries. The BED appro…
The Islamic Development Bank (IDB) has called for the creation of a global sharia advisory board that can offer greater uniformity for the Islamic finance industry. A centralised format to the supervision of sharia-compliant banking products is gaining…
The President of the Islamic Development Bank Group, Dr Ahmad Mohamed Ali has stressed that the IDB would cooperate with the Government of Somalia in a bid to rebuild and consolidate the public finance institutions through various methods such as staff…
The GAVI Alliance and the Islamic Development Bank (IDB) today signed a Memorandum of Understanding (MoU) to help save children’s lives by accelerating the introduction of life-saving vaccines in IDB member countries. The MoU was signed by Dr Seth Berkley, GAVI Alliance CEO, and Dr Ahmad Mohamed Ali, Islamic Development Bank Group Chairman. By 2020, GAVI plans to vaccinate more than 400 million children in at least 29 member countries. An estimated US$ 7 billion will be required to reach this target. IDB will work closely with GAVI to help secure sufficient funds for immunisation.
IDB’s president, Mohamed Ali, have urged for global solidarity in fight against polio. The bank is working on new financial package for the government of Pakistan that should help to finance polio eradicatoin activities in the country. IDB intends to p…
Ahmad Mohamed Ali, the president of the Islamic Development Bank (IDB), has given notice that the euro zone sovereign debt crisis is adversely affecting the Bank’s member countries and urged European leaders to find the right solutions and not to repea…
Ahmad Mohamed Ali, president of the Islamic Development Bank Group (IDB) was invited for the first time to approach the influential 84th Development Committee meeting of the World Bank as an observer. This was an important airing at the 2011 annual mee…
Islamic Development Bank has selected the following four nongovernmental organisations to implement the $130 million (more than Tk 900 crore) Fael Khair programme for victims of Cyclone Sidr: Islami Bank Foundation, Muslim Aid, Voluntary Organisation f…
IDB Group President Ahmad Mohamed Ali has invited the business communities from IDB member countries to take part in the Sarajevo Business Forum 2011 in Sarajevo, Bosnia and Herzegovina.
The forum will offer businessmen an opportunity to network and es…
The Jeddah-based Islamic Development Bank (IDB) is gearing up for its latest sukuk offering under its Medium Term Note (MTN) or Trust Certificate Issuance Program. The IDB, according to Mohamed Tariq, senior adviser to the President Ahmad Mohamed Ali, …
MARKETWATCH Top News
English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
Spanish