BAKU, Azerbaijan, June 17. The global Islamic
finance industry is currently estimated to be worth approximately
$4 trillion, Acting Director General of the Islamic Development
Bank Institute (IsDBI), Sami Al-Suwailem, said at the 14th Islamic
Development Group (IsDB) Private Sector Forum, Trend's correspondent
reports from the event.
According to him, the IsDBI Group is approximately $40 billion
in size.
"In terms of size, the group represents only 0.1% of the global
Islamic finance industry," Al-Suwailem said.
However, he emphasized that the IsDBI Group's influence far
exceeds its size.
"The IsDBI Group has been and continues to be an industry leader
since its inception over 50 years ago. This demonstrates that the
Group leads not by quantity, but by quality," he noted.
Al-Suwailem announced that precisely the vision, values, and
principles underpin the organization's operations that distinguish
its leadership.
He also emphasized the importance of innovation in achieving the
IsDBI Group's goals.
"Therefore, innovation is critical to the success of our
mission. At the IsDBI Institute, we consider innovation one of our
top priorities," said the bank's acting director general.
According to him, the institute's staff, together with partners,
continue to work on finding innovative solutions to the economic
challenges facing the organization's member countries using Islamic
finance instruments.
