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