The Islamic Development Bank

The Islamic Development Bank and the National Bank of Kyrgyzstan are planning to launch a joint Islamic bank in the republic

The head of National Bank of Kyrgyzstan Tolkunbek Abdygulov and the president of the Islamic Development Bank (IDB) Ahmad Mohamed Ali Al-Madani had discussed the prospects of jointly opening an Islamic bank in Kyrgyzstan.
Additionally, they had talked about the other relevant things such as the perspectives of Kyrgyz Republic economy development, the establishment of a joint Shariyah compliant commercial bank and the possibility of opening an IDB representative office in Kyrgyzstan. The discussion took place during the International Financial conference “Islamic Finance: Meeting Global Aspirations” in Kuwait, on November 11, 2015.

Tolkunbek Abdygulov also had a meeting with Christine Lagarde, the Managing director of the International Monetary Fund, in which they discussed further course of cooperation between Kyrgyzstan and the IMF and drew a plan on joint actions during the financial crisis. Ms Lagarde also noted the concerted actions of Kyrgyztan’s National Bank and the government on monetary and fiscal policies.

Nigeria: Islamic Development Bank Initiative for Women and Environment

The selection meeting for the 8th edition of the Islamic Development Bank prize for "Women's Contribution to Development" was held on February 18-20 2013 at the bank's head office in Saudi Arabia. The annual IDB Prize for Women's Contribution to Development is one of the many activities the bank engages in for the purpose of socio-economic development of societies. Effat University (EU) was entrusted to be the Academic Consultant hence handle the screening and short listing of candidates. There were two categories of prizes, one for individuals that carries a cash award of 50,000 US dollars, and another for organisations with a 100,000 US dollars award. For this year, the Panel received 108 files.

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