LIBREVILLE, November 16, 2024 (AGP) – The Institute of the Islamic Development Bank (ISDB) concluded, on November 6, at its headquarters in Jeddah, Saudi Arabia, the implementation of an executive program designed to train the next generation of sustainable development leaders, reports the UNA-OCI news agency.
As part of the 7th executive program on Islamic finance of the Spanish-Spanish Center for Islamic Economy and Finance (SCIEF), this meeting brought together professionals from the host country, Qatar, Nigeria, Australia and Spain.
These discussions also focused on the IDB Group’s support for the socio-economic development of its member countries and Muslim communities around the world.
Concretely, the discussions were centered around the empowerment of women and young people (WYE). A theme hosted by Ahmed Faruk Diken, Director of WYE at the IDB. During this theme, participants explored strategies aimed at empowering women and young people. This, by promoting their active participation in economic and social development.
Climate and sustainable action also formed the basis of the debates. A theme hosted by Farhat Jahan Chowdhury, Senior Environmental Safeguards Specialist at the IDB. The said theme provided an overview of innovative approaches to combat climate change, promote sustainable practices and green finance solutions.
Added to these themes was the issuance of Sukuk and sustainable finance framework, moderated by Mohsin Sharif, senior ESG and investor relations specialist at the IDB and Mustafa Binomar, senior capital markets specialist at the IDB. Opportunity for speakers to delve into the intricacies of Sukuk issuance and sustainable finance, not without highlighting the pioneering role of the IDB in this area.
As the final issue, we note that focused on “Innovative solutions to economic challenges, led by Dr. Sami Al-Suwailem, Acting Director General, ISDBI, with the support of Yahya Rehman, Associate Director of ISDBI, of Dr. Hilal Houssain, Associate Director of IsDBI and moderator, Dr. Hylmun Izhar, Senior Research Economist of IsDBI.
This session explored ISDA’s cutting-edge solutions to address the complex economic challenges facing IsDB member countries by fostering a culture of innovation and innovation. problem solving.
Through a combination of expert lectures, interactive workshops and case studies, the program provided participants with the essential knowledge, skills and networks needed to bring about positive change.
By fostering collaboration and knowledge sharing, ISDB remains committed to empowering future leaders to shape a prosperous and sustainable future.
CEM/FSS/EN
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What are the key initiatives discussed for empowering women and youth in sustainable development during the IDB’s executive program?
Interview Between Time.news Editor and Dr. Sami Al-Suwailem
Time.news Editor (E): Welcome, Dr. Sami Al-Suwailem. It’s a pleasure to have you here today. You recently participated in the executive program organized by the Institute of the Islamic Development Bank in Jeddah. Can you share with us the main objectives of this program?
Dr. Sami Al-Suwailem (A): Thank you for having me. The primary objective of this executive program is to nurture the next generation of leaders in sustainable development, particularly within our member countries and Muslim communities worldwide. We emphasize empowering women and youth, as well as exploring innovative solutions to economic challenges.
E: That’s fascinating! Empowering women and youth seems to be a critical aspect of the discussions. What strategies or solutions were proposed during the conference?
A: Indeed, we focused heavily on strategies that promote the active involvement of women and young people in both economic and social development. This includes initiatives that enhance their access to finance, technology, and education. It’s about creating an inclusive environment where these demographics can thrive.
E: It’s encouraging to see such initiatives in a global context. Climate change and sustainable practices were also key topics. How does the IDB approach these pressing issues?
A: The discussions around climate change highlighted various innovative approaches to safeguard our environment. We explored green finance solutions that can support sustainable infrastructure and combat climate change. The goal is to create a framework where investments contribute to both economic growth and environmental sustainability.
E: That sounds incredibly important. Can you elaborate on the role that Sukuk and sustainable finance play in this framework?
A: Certainly! Sukuk, or Islamic bonds, are crucial in mobilizing financial resources for sustainable projects. They provide investors with a Sharia-compliant way to finance infrastructure and social projects while ensuring ethical investment practices. By integrating sustainable finance frameworks within Sukuk issuance, we can align investment with the United Nations Sustainable Development Goals.
E: It seems like the IDB is pioneering innovative financial solutions. How do you see this leadership evolving in the future, particularly in light of global economic challenges?
A: The IDB’s role is constantly evolving. We aim to respond to global economic challenges by fostering collaboration among member countries, promoting knowledge sharing, and implementing effective policies. By further enhancing our focus on sustainability and inclusivity, we can lead the way towards resilient economies that are prepared for the challenges of tomorrow.
E: It’s impressive to hear your vision for the future. As we wrap up, what do you think is the most urgent action needed to drive sustainable development forward?
A: The most urgent action is the commitment from all stakeholders—governments, private sectors, and civil society—to prioritize sustainability and inclusivity in their strategies. We need collective action that empowers marginalized communities and fosters a green economy. Only then can we achieve long-lasting and equitable development.
E: Thank you, Dr. Al-Suwailem, for sharing your insights with us today. Your work and the initiatives of the IDB offer hope for sustainable development worldwide.
A: Thank you for having me. I look forward to seeing collaborative efforts yield positive outcomes for communities across the globe.