The Kingdom of Saudi Arabia, being the largest Islamic finance market globally in economies with dual financial systems (comprising both conventional and Islamic financial sectors) is poised to become a global leader in the Islamic financial services industry. This is one of the key messages that is conveyed by the first detailed analysis of Islamic …
Keynote speech delivered by Engr. Adeeb Yousuf Al Aama, Chief Executive Officer, International Islamic Trade Finance Corporation (ITFC), during the 20th IsDB Global Forum on Islamic Finance, in Baku, Azerbaijan, on 17 June 2026 It is both an honour and a privilege to address you today at the 20th IsDB Global Forum on Islamic Finance, …
Islamic financing is not a panacea for the middle-income trap, but has a more modest enabling role. Where coupled with appropriate policies, reliable institutions and adequately prepared projects, it may contribute to bridging the transition from factors-driven to productivity led convergence through financing of productive infrastructure, enterprises development and innovation and human capital formation. Why …
Artificial intelligence now appears in almost every development discussion. In Member Countries of the Islamic Development Bank (IsDB), it is usually presented as part of the answer to familiar challenges: low productivity, weak service delivery, financial exclusion, and institutional capacity gaps. That is understandable. But the phrase “affordable AI” can easily become too broad to …
Covid-19
An unprecedented economic situation… Most economists refer to the 2008 global financial crisis to assess the economic impact of the Covid-19 pandemic. They suggest that in terms of magnitude the impact of Covid-19 would be like or even bigger than that of the financial crisis. However, in terms of nature, there is a consensus that …
Finance and Economics
Islamic Finance
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