DUBAI: A meeting will be held on Aug 28 to discuss the potential of Islamic finance in the post Covid-19 economic recovery.
The forum titled “The Role of Islamic Finance in Post-Covid-19 Economic Recovery of IsDB Member Countries” is being organized by the Islamic Development Bank (IsDB) Group as a side event to its annual meeting.
In a statement, the IsDB said the forum will focus on tapping Islamic finance to mobilize resources to support IsDB member countries’ economic recovery efforts and tackle rising inequalities and extreme poverty.
The forum will have two panel discussion sessions. The first will highlight the economic effects of the Covid-19 pandemic and the poverty trends in IsDB Member Countries and stimulate discussions on addressing multi-dimensional poverty. This panel will comprise Sabina Alkire, Director, Oxford Poverty and Human Development Initiative; Matilda Dimovska, UNDP Resident Representative in Uzbekistan; and El Yass Ould Didi, Director of Demographic and Social Statistics, Office of National Statistics, Mauritania; and Khemais El-Gazzah, Senior Advisor to the Director General of the Islamic Solidarity Fund for Development (ISFD).
The second panel will focus on Islamic finance public-private partnerships as a tool to mobilize resources to support IsDB member countries’ economic recovery efforts and to ensure that the recovery is inclusive, sustainable, and resilient.
The panel discussants are Fatouma Toure Ibrahima, Practice Manager, PPP Group Infrastructure Finance, PPPs and Guarantees (IPG) Group, World Bank; Sohail Kashif, Chief Financial Officer, Foundation Wind Energy Limited, Pakistan; Nadir Nuritdinov, Deputy Director of Uzbekistan PPP Development Agency; and Hassan Idris, Senior Legal Counsel, Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).
Two crowd-funding platforms, LaunchGood and Seed Out, the winners of the 2021 IsDB Prize for Impactful Achievement in Islamic Economics, will be awarded the prize at the forum.
Other keynote speeches will be delivered by Dr. Bambang Susantono, Vice President at the Asian Development Bank, and Imad Fakhoury, Global Director, Infrastructure Finance, PPP and Guarantees (IPG) Group, World Bank.
