The Islamic Development Bank Institute (IsDBI) has unveiled a new brand identity following the expansion of the Institute’s mandate as the knowledge beacon of the IsDB Group.
Previously known as the Islamic Research and Training Institute (IRTI), the Institute was restructured and renamed as IsDB Institute in 2021, after four decades of pioneering contributions to the development of the Islamic financial industry. The Institute maintained a leading role in Islamic economics and finance over the past four decades, with immense successes in fostering awareness, human capital development, and innovative products.
IsDBI has emerged as a successor to IRTI, with a mission to build on the remarkable past by charting a future in which knowledge forms the core of innovative solutions to the contemporary development challenges.
In his comments on this occasion, Dr. Muhammad Al Jasser, IsDB President and Chairman of IsDBI Board of Trustees, said: “The IsDB Group has been implementing significant reforms to emphasize leveraging technology to address the enormous development challenges facing our member countries.”
“Within the context of these reforms, the Institute has been rebranded to align it with the IsDB’s emerging priorities and enable it effectively to lead innovative knowledge-based solutions for sustainable development,” he stated.
Dr. Sami Al-Suwailem, Acting Director-General of IsDBI and Chief Economist, said, “The Institute has been a leader for 40 years in Islamic economics research and capacity development. The Institute will capitalize on the accumulated intellectual capital and collaborate with leading industry stakeholders to innovate knowledge-based solutions for our member countries’ challenges.”
Dr. Al-Suwailem further noted that the core of any sustainable development strategy is human capital. Therefore, the Institute will utilize frontier technologies to build the next generation of knowledge leaders and entrepreneurs.
Considering its new mandate, the IsDB Institute serves as the knowledge hub responsible for providing thought leadership, conducting pioneering research on development challenges, innovating knowledge solutions for sustainable development, building future knowledge leaders, and leading initiatives for enabling Islamic economics ecosystems and finance.
