The IsDB Group demonstrated its full commitment to supporting the Government of Indonesia in achieving the SDGs, by co-organising and participating in the Annual Islamic Finance Conference (AIFC) with the Government of Indonesia.
The Annual Islamic Finance Conference (AIFC) is an important opportunity to showcase the Islamic Finance and Economic platforms that can achieve the SDGs through Impact Investing.
Islamic Finance and Impact Investing is one of the key pillars of the IsDB’s strategy to support the sustainable development of its member countries. As such, the Bank welcomes Indonesia’s adoption of Impact Investing as one of the main programs in its Sharia Economic and Financial Masterplan.
Director-General of Country Relations and Services Dr. Walid Abdelwahab said: “We, at the IsDB, are pleased to support Indonesia’s roadmap to have a larger share of Islamic Finance and Islamic Economy”. He further added that the “IsDB group supports the implementation of this Indonesia Islamic Economic Masterplan, through a collaborative approach, and in partnership with bilateral and multilateral development financing institutions, the private sector and civil society.”
The President of the Islamic Development Bank Group recently set out his vision for a new global development model, in which he explains that a strong financial services industry, led by Islamic Finance, is critical to unlock activities across value chains. HE Dr. Bandar Hajjar conveyed that with the numerous actions taken by the Government of Indonesia recently, and with a strong political will, he was confident the Islamic Finance industry will grow into a strong and sustainable sector, while still maintaining many of its unique products and services.
The IsDB is moving from being a development bank to a bank for developers, whereby the Bank aims to act as a catalyst for the development process, rather than simply providing financing for development projects.
Original source: IsDB
Published on 31 July 2019
