The Islamic Development Bank Institute (IsDBI) has unveiled a new brand identity, following the expansion of the Institute’s role as the knowledge beacon of the Saudi-based IsDB Group.
Formerly 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 has maintained a leading role in the field of Islamic economics and finance over the past four decades, with immense successes in fostering awareness, human capital development, and innovative products. It 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 contemporary development challenges.
“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 in order to align it with the IsDB’s emerging priorities, and to enable it effectively to lead innovative knowledge-based solutions for sustainable development.”
Dr. Al-Suwailem, Acting Director-General of IsDBI and Chief Economist, noted that the core of any sustainable development strategy is human capital and therefore the Institute will take advantage of frontier technologies to build the next generation of knowledge leaders and entrepreneurs.
In light of its new mandate, the IsDBI serves with the responsibility to provide thought leadership, conduct pioneering research on development challenges, innovate knowledge solutions for sustainable development, build future knowledge leaders, and lead initiatives for enabling ecosystems for Islamic economics and finance.