Isdbi, EDB Strengthen Ties In Islamic Finance At Almaty Event
Date
12/17/2024 9:10:19 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, December 17. The Eurasian
Development bank (EDB), in collaboration with the Islamic
Development Bank Institute (IsDBI), organized a workshop on Digital
Postal Islamic financial Services and Sukuk Finance Corporation
(SFC) in Almaty, Kazakhstan, Trend reports.
The event attracted 250 online participants, with 25 EDB
officials attending in person.
The workshop followed earlier discussions between IsDBI and EDB
during 2024 meetings in Riyadh and Almaty. The EDB, planning to
launch an Islamic banking window by 2025, aims to tap into the
growing Islamic finance market in Central Asia.
Key members of the IsDBI delegation, including Sami Al-Suwailem
and Yahya Rehman, joined EDB officials, including Chairman Nikolai
Podguzov. Podguzov emphasized the collaboration's potential to
introduce new financial products in Kazakhstan, supporting economic
diversification.
During the workshop, EDB and IsDBI identified areas for future
cooperation, agreeing to move forward with feasibility studies.
This partnership will integrate Islamic finance principles with
modern technology-driven financial services to promote financial
inclusion and economic growth in the region.
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