BAKU, Azerbaijan, June 18. The potential of
Islamic social finance must be unlocked, as it remains an
underutilized tool, Rami Mahmoud Ahmad, Vice President for
Operations of the Islamic Development Bank (IsDB) Group, said
during a panel session on enhancing IsDB 2026 resilience within the
IsDB Group Annual Meeting in Baku, Trend's correspondent reports from the
event.
"The potential of Islamic social finance must be unlocked—this is
an underutilized instrument. As a true global resilience mechanism
aligned with the principles of development finance and civic
responsibility, zakat, waqf, and sukuk shape an ethical, inclusive,
and trust-based financial architecture, particularly effective
where institutional trust is a key factor for recovery," he
said.
Rami Mahmoud Ahmad noted that it is also necessary to move from
fragmented response measures to structured regional financing.
According to him, instability knows no borders, and financing
should not respect them either; it must view crises as a continuous
cycle of prevention, response, and recovery.
"Climate and environmental resilience must be embedded in every
response to instability. Proactive measures, early warning systems,
and pre-arranged preparedness financing can mitigate risks before
they escalate," he added.
