Islamic Development Bank Deploys #Sukuk to Counter Corona Impact

The Islamic Development Bank Group (IsDB) set aside $2.3 billion for its Strategic Preparedness and Response Programme for its member countries to tackle the economic fallout of the corona pandemic. OIC member states may partake in Digital Country Presentations, a new global gateway that offers investors, governments, and institutions an overview of upcoming trade and investment opportunities. SMEs can open a virtual 'stall' on Made in Series, an open platform that enables smaller businesses to present products, projects, and services to a global audience. Earlier this month, the IsDB issued its first-ever sustainability sukuk for social projects. According to Group President Dr. Bandar Hajjar, the latest sukuk placement allows the IsDB to tackle the aftermath of the pandemic with strong interventions in affected countries and sectors.