Islamic finance forum discusses potential of innovative and disruptive technologies

The Islamic Development Bank Institute hosted its 17th Global Islamic Finance Forum on the sidelines of the 2023 IsDB Group Annual Meeting in Jeddah on 12 May.

The forum, titled “Disruptive Solutions for a Resilient Economy,” focused on building economic strength and a more financially inclusive community with the help of innovative solutions that can support the Islamic finance ecosystem, and help address the challenges facing member countries and Muslim communities worldwide.

In his keynote speech, the bank’s president and group chairman, Mohammed Al-Jasser, stated that the dynamic nature of the challenges faced by the member countries has put additional pressure on policymakers and other stakeholders, including the bank itself, to explore new, innovative, and potentially “disruptive” solutions to mitigate adverse impacts.