JEDDAH, KINGDOM OF SAUDI ARABIA: The Islamic Development Bank Institute (IsDBI) has announced the development of the Islamic Finance Knowledge Pavilion Marketplace, a digital marketplace that will provide validated solution providers in Islamic finance and economic development. The Pavilion will offer a one-stop shop for listing opportunities and a seamless digital experience in the matchmaking of suppliers and customers.
The project will be carried out in two phases. Phase 1 will cover a market assessment, feasibility study, and business plan addressing the competitive landscape based on outcomes of the market assessment and a 5-year financial model and sensitivity analysis. Phase 2 will cover the development of the Pavilion platform, including the interface and content.
The IsDB Institute is leading the project in partnership with EZ2Business, a business consultancy company that provides expert advice and builds custom solutions to address business transformation.
Dr. Sami Al-Suwailem, Acting Director General, of IsDBI, stated that the Islamic Finance Knowledge Pavilion Marketplace is not just a platform but also a catalyst for creative collaboration within the Islamic finance industry and the development landscape. He added that the initiative has the potential to create enduring value for all stakeholders.
The project aligns with the IsDB Institute’s strategic objective to provide fintech knowledge solutions to the Islamic finance industry to support sustainable development in IsDB Member Countries and worldwide.
The IsDB Institute is the knowledge beacon of the Islamic Development Bank Group. Guided by the principles of Islamic economics and finance, the IsDB Institute leads the development of innovative knowledge-based solutions to support the sustainable economic advancement of IsDB Member Countries and various Muslim communities worldwide.
For more information about the project, please contact Mr. Yazan Alsayed ([email protected]) or Mr. Mohamad Naamani ([email protected]).
