Islamic Development Bank

Universitas Brawijaya developing digital halal certification system for Indonesian MSMEs

Wednesday, November 24, 2021 - 7:00pm

Malang, East Java, Indonesia, Nov 25, 2021 - (ACN Newswire) - University Brawijaya (UB/Unibraw) is developing a digital halal certification system for micro, small and medium enterprises (MSMEs) in Indonesia, as part of the Reverse Linkage Project.

Key Points: 
  • Malang, East Java, Indonesia, Nov 25, 2021 - (ACN Newswire) - University Brawijaya (UB/Unibraw) is developing a digital halal certification system for micro, small and medium enterprises (MSMEs) in Indonesia, as part of the Reverse Linkage Project.
  • According to the head of the project team, Dr. Hagus Tarno, the system will archive documents from the processing stage through to certification.
  • "MSMEs that will apply for halal certification through Brawijaya University will be directed to a system that will assist them to check which documents must be prepared and filled out.
  • The project for developing a halal digital system received US$2.06 million funding for two years (2021-23) from Serunai Malaysia and the Islamic Development Bank (IsDB), he said.

IDB Leads Multilateral Development Banks to Boost Nature-Based Investments

Wednesday, November 3, 2021 - 1:01am

GLASGOW, Scotland, Nov. 3, 2021 /PRNewswire/ -- Multilateral Development Banks (MDBs) led by the Inter-American Development Bank (IDB) pledged today to mainstream nature across their policies and to significantly boost nature finance for member countries. The banks' joint statement "Nature, People, and Planet" commits support for countries to define and enact sustainable strategies.

Key Points: 
  • International institutions signed an IDB led joint-statement at COP26 and announce plan to mainstream nature into policies, analysis, and investments
    GLASGOW, Scotland, Nov. 3, 2021 /PRNewswire/ --Multilateral Development Banks (MDBs) led by the Inter-American Development Bank (IDB) pledged today to mainstream nature across their policies and to significantly boost nature finance for member countries.
  • The banks' joint statement " Nature, People, and Planet " commits support for countries to define and enact sustainable strategies.
  • "Natural capital is critical in post-COVID-19 recovery for Latin America, the Caribbean, and the world.
  • The MDBs signing the statement along with IDB are the African Development Bank Group, the Asian Development Bank, the Asian Infrastructure Investment Bank, the Caribbean Development Bank, the European Bank for Reconstruction and Development, the European Investment Bank, the Islamic Development Bank, and the World Bank Group.

IDB Leads Multilateral Development Banks to Boost Nature-Based Investments

Wednesday, November 3, 2021 - 12:45am

GLASGOW, Scotland, Nov. 2, 2021 /PRNewswire/ --Multilateral Development Banks (MDBs) led by the Inter-American Development Bank (IDB) pledged today to mainstream nature across their policies and to significantly boost nature finance for member countries.

Key Points: 
  • GLASGOW, Scotland, Nov. 2, 2021 /PRNewswire/ --Multilateral Development Banks (MDBs) led by the Inter-American Development Bank (IDB) pledged today to mainstream nature across their policies and to significantly boost nature finance for member countries.
  • The banks' joint statement " Nature, People, and Planet " commits support for countries to define and enact sustainable strategies.
  • "Natural capital is critical in post-COVID-19 recovery for Latin America, the Caribbean, and the world.
  • The MDBs signing the statement along with IDB are the African Development Bank Group, the Asian Development Bank, the Asian Infrastructure Investment Bank, the Caribbean Development Bank, the European Bank for Reconstruction and Development, the European Investment Bank, the Islamic Development Bank, and the World Bank Group.

Islamic Research and Training Institute Partners with Samsung-backed Blocko's E24P to Launch Blockchain-based Smart Credit Management Platform to Boost Islamic Finance Sector

Monday, June 15, 2020 - 5:46pm

The Smart Credit Management System will be based on smart contracts on the Aergo blockchain.

Key Points: 
  • The Smart Credit Management System will be based on smart contracts on the Aergo blockchain.
  • Allow creditors to reduce credit default rate to improve overall business performance and accelerate efforts in areas of financial inclusion.
  • Integrate siloed functions in the financing process including credit reporting, credit rating, credit history, and credit insurance to reduce costs and improve efficiency.
  • The Islamic Research and Training Institute (IRTI) is a Member of the Islamic Development Bank (IsDB) Group dedicated to knowledge creation and dissemination in Islamic Economics and Finance.

Islamic Research and Training Institute Partners with Samsung-backed Blocko's E24P to Launch Blockchain-based Smart Credit Management Platform to Boost Islamic Finance Sector

Monday, June 15, 2020 - 5:43pm

The Smart Credit Management System will be based on smart contracts on the Aergo blockchain.

Key Points: 
  • The Smart Credit Management System will be based on smart contracts on the Aergo blockchain.
  • Allow creditors to reduce credit default rate to improve overall business performance and accelerate efforts in areas of financial inclusion.
  • Integrate siloed functions in the financing process including credit reporting, credit rating, credit history, and credit insurance to reduce costs and improve efficiency.
  • The Islamic Research and Training Institute (IRTI) is a Member of the Islamic Development Bank (IsDB) Group dedicated to knowledge creation and dissemination in Islamic Economics and Finance.

International Islamic Trade Finance Corporation (ITFC) Partners Forum Highlights Immense Strength of Islamic Finance Globally

Monday, December 9, 2019 - 8:15am

JEDDAH, Saudi Arabia, Dec. 9, 2019 /PRNewswire/ -- The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), successfully concluded its Partners Forum 2019: Investing for Impact, which was held on the 5th December in Jeddah, Kingdom of Saudi Arabia.

Key Points: 
  • JEDDAH, Saudi Arabia, Dec. 9, 2019 /PRNewswire/ -- The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), successfully concluded its Partners Forum 2019: Investing for Impact, which was held on the 5th December in Jeddah, Kingdom of Saudi Arabia.
  • Hani Salem Sonbolsteered far reaching discussions with key partners who assist ITFC in achieving its mission as the preferred provider of trade solutions across the Islamic world.
  • ITFC was joined by a host of local, regional and international finance institutions alongside official delegates from Pakistan and other member countries.
  • The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group.

International Islamic Trade Finance Corporation (ITFC) Partners Forum Highlights Immense Strength of Islamic Finance Globally

Monday, December 9, 2019 - 8:15am

JEDDAH, Saudi Arabia, Dec. 9, 2019 /PRNewswire/ -- The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), successfully concluded its Partners Forum 2019: Investing for Impact, which was held on the 5th December in Jeddah, Kingdom of Saudi Arabia.

Key Points: 
  • JEDDAH, Saudi Arabia, Dec. 9, 2019 /PRNewswire/ -- The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), successfully concluded its Partners Forum 2019: Investing for Impact, which was held on the 5th December in Jeddah, Kingdom of Saudi Arabia.
  • Hani Salem Sonbolsteered far reaching discussions with key partners who assist ITFC in achieving its mission as the preferred provider of trade solutions across the Islamic world.
  • ITFC was joined by a host of local, regional and international finance institutions alongside official delegates from Pakistan and other member countries.
  • The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group.

IDB Invest's Sustainability Week will convene more than 300 private sector leaders in Latin America and the Caribbean

Thursday, June 6, 2019 - 4:48pm

WASHINGTON, June 6, 2019 /PRNewswire/ -- IDB Invest, a member of the Inter-American Development Bank (IDB) Group, will host its Sustainability Week in Panama City on June 24-28, 2019, bringing together the most recognized leaders in environmental, social and governance sustainability in Latin America and the Caribbean.

Key Points: 
  • WASHINGTON, June 6, 2019 /PRNewswire/ -- IDB Invest, a member of the Inter-American Development Bank (IDB) Group, will host its Sustainability Week in Panama City on June 24-28, 2019, bringing together the most recognized leaders in environmental, social and governance sustainability in Latin America and the Caribbean.
  • Sustainability Week will feature more than 300 leading executives and specialists from the region.
  • IDB Invest CEO James P. Scriven will open the event sharing the latest trends on how the private sector is driving development impact and contributing to achieve the UN Sustainable Development Goals.
  • IDB Invest , a member of the Inter-American Development Bank (IDB) Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector.

IDB Invest is named the 2018 Multilateral Development Bank of the Year by LatinFinance

Friday, November 9, 2018 - 4:51pm

WASHINGTON, Nov. 9, 2018 /PRNewswire/ -- LatinFinance, the leading source of intelligence on the financial markets and economies of Latin America and the Caribbean, named IDB Invest as the leading multilateral development institution this year .

Key Points: 
  • WASHINGTON, Nov. 9, 2018 /PRNewswire/ -- LatinFinance, the leading source of intelligence on the financial markets and economies of Latin America and the Caribbean, named IDB Invest as the leading multilateral development institution this year .
  • "This award validates our decision to consolidate our private sector activities in the IDB Group in order to maximize their development impact and offer more efficient services to clients," says Inter-American Development Bank (IDB) President Luis A. Moreno.
  • We are diversifying our portfolio and customizing our solutions beyond the traditional US-dollar loan," says James P. Scriven, IDB Invest CEO.
  • IDB Invest , the private sector institution of the Inter-American Development Bank (IDB) Group, is a multilateral development bank committed to supporting Latin America and Caribbean businesses.

IDB Invest and OPIC launch first gender lens investment fund for Latin America and the Caribbean

Tuesday, October 2, 2018 - 8:59pm

In Latin America and the Caribbean, the region with best gender parity in early-stage entrepreneurship, the business opportunity could reach more than $98 billion," explains Gema Sacristan, chief investment officer at IDB Invest.

Key Points: 
  • In Latin America and the Caribbean, the region with best gender parity in early-stage entrepreneurship, the business opportunity could reach more than $98 billion," explains Gema Sacristan, chief investment officer at IDB Invest.
  • The creation of the fund underscores IDB Invest's and OPIC's commitment to expanding financing options for women in Latin America and the Caribbean, and builds on both institutions' leadership in gender lens investing.
  • IDB Invest , the private sector institution of the Inter-American Development Bank (IDB) Group, is a multilateral development bank committed to supporting businesses in Latin America and the Caribbean.
  • The Overseas Private Investment Corporation (OPIC) is a self-sustaining U.S. Government agency that helps American businesses invest in emerging markets.