The 42nd Annual Meeting of Islamic Development Bank (IDB) was held in Jeddah, Saudi Arabia and, as in the previous years, a delegation on behalf of the Mustafa(pbuh) Science and Technology Foundation (MSTF) including the Head of Executive Committee participated in this meeting.
As reported by the MSTF Media, the purpose of participation was to introduce MSTF, Mustafa(pbuh) Prize and its goals and achievements at the international level and to pursue joint projects with IDB. Representatives of the MSTF have participated in this meeting during the last three years, which has been held in Saudi Arabia, Mozambique, and Indonesia in 2014 to 2016 respectively. Development of international relations, illustrating the goals of the foundation in terms of developing science and technology, improving the relations with economic and financial centers and introduction of a prize on Islamic Economic and Finance, can be mentioned as other goals of participation in this meeting.
The representatives of MSTF had a meeting with Dr. Bandar Hajjar, the President of IDB. In this meeting, he was invited to participate in the Award Ceremony of the 2017 Mustafa(pbuh) Prize. Then, some meetings were also held with Adeeb Ahmad, Senior Advisor of Islamic Corporation for Development of Private Sector (ICD), Iqbal Jhumka, Director of Awqaf Properties Investment Fund (APIF), and Zaher Rebai, Director of Capacity Development Department (CDD) of IDB on examining different dimensions of mutual cooperation.
An innovation exhibition was also held simultaneously by the Islamic Development Bank in which a booth was allocated to the introduction of the MSTF and the Mustafa(pbuh) Prize to those interested.
Islamic Development Bank is a large international financial and developmental institution and one of the specialized institutions of Organization of Islamic Cooperation. It was established by 22 Islamic countries in Jeddah, Saudi Arabia with the purpose of advancement of economic development and social progress in the member countries and Muslim societies of non-member countries all over the world based on Islamic Sharia principles. Its board of management exchange their ideas in one of the member countries on an annual basis in the framework of annual meeting of Islamic Development Bank. Different meetings are held on different issues related to the development and promotion of people’s lifestyle and improving life conditions in the member countries. Some affiliated organizations and institutions utilize the opportunity for discussing union issues, presenting the required reports, and future planning. It should be noted that paying attention to the science and technology areas and preparing the ground for its development in the member countries has been the concern of the senior officials of the bank particularly during the recent years.