The Islamic Development Bank Institute (IsDBI) has kicked off the development of the pioneering Islamic Finance Knowledge Pavilion Marketplace.
A news report from African Press Organisation (APO) Group circulated on behalf of the development finance institution indicated that the Pavilion would provide a digital marketplace of validated solution providers (institutions, consultants, and experts) in Islamic finance and economic development, and offer a one-stop shop for listing opportunities and seamless digital experience in the matchmaking of suppliers and customers.
According to the news report, Phase 1 of the project 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 while Phase 2 will cover the development of the Pavilion platform including the interface and content.
Commenting on the initiative, Acting Director-General of the IsDBI, Dr. Sami Al-Suwailem, said: “The Islamic Finance Knowledge Pavilion Marketplace is not just a platform, but it is also a catalyst for creative collaboration within the Islamic finance industry and the development landscape. We are confident that this initiative has the potential to create enduring value for all stakeholders.”
The latest 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 Institute is leading the project in partnership with EZ2Business (EZ2Business), a business consultancy company that provides expert advice and builds custom solutions to support business transformation.
