Category: Lungo

On 26 September 2019, UNICEF and the Islamic Development Bank (IsDB) launched an innovative fund that aims at reaching millions of children currently in need of humanitarian support in OIC countries. The idea of the fund was first announced last April during IsDB’s 44th Annual Meeting of Board of Governors in Marrakesh (Morocco). Today, global … Continue reading The first ever Global Muslim Philanthropy Fund for Children

Source : http://www.lupuschick.com/terminology/ Despite all the dire consequence of the 2008 financial crisis, it did help to question the paradigms of modern days’ finance especially its role in addressing economic, social and environmental issues. As a result, multi-lateral development institutions, think tanks, academic institutions, regulators and financial players have undertaken various initiatives aiming at integrating … Continue reading ESG, SRI, Impact investing…: Lost in terminology?

How may Africa harness the potential of thousands of its young social innovators and social entrepreneurs in an impactful and efficient manner? Which patterns can be envisaged to expand social impact through sound and informed scaling strategies? These are the questions I investigated during my participation this September 2nd- 4th to the 11th edition of the … Continue reading Growing Social Impact in Africa: Which Solutions?

Since 1975, the Islamic Development Bank (IsDB), through it is five entities, has made several remarkable achievements in fostering the development of its 57 member nations (nearly one fifth of the world’s population). However, IsDB Countries face currently an unprecedented range of dynamic challenges as they pursue sustainable development. The global development landscape is changing … Continue reading Impact finance: IsDB setting the tone for the Islamic finance Industry

Financing the SDG agenda internationally requires trillions of dollars. Obviously, governments’ investments are not enough to provide the needed financial resources. Thereby, the private sector in general and the financial sector in particular are required to bridge the financing gap and support the achievement of SDG’s. To illustrate, Arab countries would need a minimum of … Continue reading Doing well while doing good: Moving Islamic banking beyond the CSR paradigm

The problems our planet is faced with are complex and all-spanning. Global environmental degradation and climate change are coupled with increasingly alarming social fracture and economic disparities. Governments alone have failed to provide solutions to those wicked and highly interconnected problems. In the past fifteen years, a new generation of entrepreneurs have attempted to address … Continue reading Empowering social enterprises through the waqf institution: The case of SDG 3 (good health and well-being)

Source : Koç University, Turkey Providing quality education is a critical goal in the sustainable development agenda. Indeed, when people are able to get quality education they can break from the cycle of poverty and enjoy healthier and more sustainable lives. Education is also crucial to fostering tolerance between people for more peaceful societies. OIC … Continue reading Leveraging Income sharing arrangements to finance education