Islamic finance has an essential role in helping countries mobilize resources to fund economic recovery and fight extreme poverty following the damage caused by the COVID-19 pandemic. The COVID-19 pandemic has exacerbated poverty and stalled human development, adding that countries and development partners must come together to identify strategies for achieving a sustainable recovery. The growing Islamic finance industry could serve as an essential source of finance for infrastructure development in developing countries and emerging markets.
The IsDB Institute (IsDBI), previously known as IRTI, is the knowledge beacon of the Islamic Development Bank Group. Guided by the principles of Islamic economics and finance, the IsDB Institute is mandated to lead the development of innovative knowledge-based solutions to support the sustainable economic advancement of 57 Member Countries and various Muslim communities worldwide. In alignment with the IsDB Group’s 10-Year Strategy and the President’s 5-Year Program, IsDBI works as a catalyst for knowledge-based sustainable development.