Algiers: The Islamic Development Bank Institute (IsDBI) has reinforced its leadership in Islamic finance by engaging with key stakeholders in a series of high-level bilateral meetings during the 2025 IsDB Group Annual Meetings in Algiers, Algeria. These strategic engagements underscore IsDBI’s commitment to fostering collaboration, innovation, and sustainable development across its Member Countries.

According to African Press Organization, the IsDBI team, led by Dr. Sami Al-Suwailem, Acting Director General, and including senior members such as Mr. Mohammad Khalid Jawahir, Dr. Hylmun Izhar, and Dr. Wejdan Kenali, focused on advancing partnerships, capacity development, and knowledge-driven solutions in Islamic finance.

A session with the Eurasian Development Bank, represented by Mr. Ruslan Dalenov, addressed the introduction of Shariah-compliant financial instruments in Central Asia, promoting financial inclusion and economic diversification.

The IsDBI also engaged with IFAAS CEO, Mr. Farrukh Raza, to disc
uss capacity-building programs and the applications of Islamic finance principles. A meeting with Mr. Zeinoul Abedien Cajee highlighted the importance of Islamic social finance and innovative technologies for waqf management.

Discussions with Mr. Abdou Karim Diaw focused on initiatives in Islamic microfinance to enhance financial inclusion in underserved communities.

The delegation from Bank Negara Malaysia, led by Ms. Nurul Izza Idris, exchanged insights on digital payment innovation and cooperation with Central Asian countries. Meanwhile, a meeting with the Participation Banks Association of Trkiye included discussions on credit guarantees, digital transformation, and sustainability reporting.

Engagements with finance ministers from Sierra Leone and the Maldives emphasized developing national Islamic finance strategies and regulatory frameworks. Meetings with Algerian and Senegalese officials addressed strategic planning and public awareness for waqf management.

A session with Mr. Adam Roble from the So
mali Development and Reconstruction Bank explored innovative financial instruments to support agriculture and SMEs.

These strategic meetings reflect IsDBI’s commitment to knowledge-based development and the use of Islamic finance as a driver of sustainable economic progress, stated Dr. Sami Al-Suwailem. The IsDB Institute remains dedicated to building robust partnerships for the benefit of all its Member Countries.