Latest news with #IsDBInstitute
Zawya
22-07-2025
- Business
- Zawya
Islamic Development Bank Institute and Prince Mohammed Bin Salman College of Business & Entrepreneurship Launch Entrepreneurial Mindset Development Program
The Islamic Development Bank Institute (IsDBI) ( and Prince Mohammed Bin Salman College of Business&Entrepreneurship (MBSC) are pleased to announce the launch of the Entrepreneurial Mindset Development Flagship Program, as part of a strategic collaboration aimed at nurturing the next generation of innovative entrepreneurial leaders. The partnership reflects a shared vision to empower a new generation of entrepreneurs across IsDB Member Countries and Muslim communities worldwide, fostering sustainable growth through innovation, ethical business practices, and economic inclusion. Participants of the program will gain access to world-class faculty, diverse global perspectives, and peer learning opportunities, enabling them to build impactful networks and acquire actionable skills. The Entrepreneurial Mindset Development Flagship Program consists of three intensive modules, combining live online sessions with immersive in-person experiences at the MBSC campus in King Abdullah Economic City. In his comments on this occasion, Dr. Sami Al-Suwailem, Acting Director General, IsDB Institute, said, 'Our strategic collaboration with MBSC is inspired by our commitment to innovation, sustainable development, and dynamic learning experiences.' For his part, Professor Zeger Degraeve, Executive Dean, MBSC, said, 'Prince MBSC's collaboration with the IsDB reflects our shared commitment to expanding opportunities and delivering credible world-class business education.' Learn more and apply to the Program here ( Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI). Social media handles: X (Twitter): Facebook: LinkedIn: About the Islamic Development Bank Institute: The Islamic Development Bank Institute (IsDBI) is the knowledge beacon of the Islamic Development Bank Group. Guided by the principles of Islamic economics and finance, the IsDB Institute leads the development of innovative knowledge-based solutions to support the sustainable economic advancement of IsDB Member Countries and various Muslim communities worldwide. The IsDB Institute enables economic development through pioneering research, human capital development, and knowledge creation, dissemination, and management. The Institute leads initiatives to enable Islamic finance ecosystems, ultimately helping Member Countries achieve their development objectives. More information about the IsDB Institute is available on
Zawya
22-07-2025
- Business
- Zawya
IsDBI and Prince Mohammed Bin Salman College of Business & Entrepreneurship launch Entrepreneurial Mindset Development Program
Jeddah, Kingdom of Saudi Arabia – The Islamic Development Bank Institute (IsDBI) and Prince Mohammed Bin Salman College of Business & Entrepreneurship (MBSC) are pleased to announce the launch of the Entrepreneurial Mindset Development Flagship Program, as part of a strategic collaboration aimed at nurturing the next generation of innovative entrepreneurial leaders. The partnership reflects a shared vision to empower a new generation of entrepreneurs across IsDB Member Countries and Muslim communities worldwide, fostering sustainable growth through innovation, ethical business practices, and economic inclusion. Participants of the program will gain access to world-class faculty, diverse global perspectives, and peer learning opportunities, enabling them to build impactful networks and acquire actionable skills. The Entrepreneurial Mindset Development Flagship Program consists of three intensive modules, combining live online sessions with immersive in-person experiences at the MBSC campus in King Abdullah Economic City. In his comments on this occasion, Dr. Sami Al-Suwailem, Acting Director General, IsDB Institute, said, 'Our strategic collaboration with MBSC is inspired by our commitment to innovation, sustainable development, and dynamic learning experiences.' For his part, Professor Zeger Degraeve, Executive Dean, MBSC, said, 'Prince MBSC's collaboration with the IsDB reflects our shared commitment to expanding opportunities and delivering credible world-class business education.' Learn more and apply to the Program here. About the Islamic Development Bank Institute The Islamic Development Bank Institute (IsDBI) is the knowledge beacon of the Islamic Development Bank Group. Guided by the principles of Islamic economics and finance, the IsDB Institute leads the development of innovative knowledge-based solutions to support the sustainable economic advancement of IsDB Member Countries and various Muslim communities worldwide. The IsDB Institute enables economic development through pioneering research, human capital development, and knowledge creation, dissemination, and management. The Institute leads initiatives to enable Islamic finance ecosystems, ultimately helping Member Countries achieve their development objectives. More information about the IsDB Institute is available on Social media handles: X (Twitter): Facebook: LinkedIn:
Zawya
01-05-2025
- Business
- Zawya
Islamic Development Bank Institute's Pioneering Smart Voucher System Receives Patent from United States (U.S.) Patent and Trademark Office
The Islamic Development Bank Institute (IsDBI) ( is delighted to announce that the United States Patent and Trademark Office (USPTO) has granted a patent for the Institute's groundbreaking solution, the Smart Voucher System. The Patent number 12282916 was granted on 22 April 2025. The Smart Voucher System is a blockchain-based solution designed to allow regulatory authorities to authorize selected service providers (e.g., privatized enterprises, schools, and hospitals) to provide goods or services to eligible beneficiaries. The voucher system is funded through sales tax proceeds to provide such goods and services to disadvantaged individuals, which makes the system serve as a tax-credit receipt and, subsequently, to support social impact financial instruments. The System integrates three critical functions: Financial inclusion: Enhancing access to financial tools for underserved people. Tax incentives: Facilitating tax obligations and promoting compliance through the use of vouchers. Resource mobilization: Securely allocating token-backed vouchers to support financial accessibility. The innovative integration of these key functions is unique to the Smart Voucher System. The System was originally designed and developed in 2018, based on which it was granted fintech patent number 10201908262Y by the Intellectual Property Office of Singapore (IPOS) in 2021. Both IPOS and USPTO are consistently ranked among the world's foremost intellectual property offices. In his comment on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said: 'The issuance of this patent by the United States Patent and Trademark Office underscores the commitment of the Institute to creating pioneering fintech applications that drive inclusive social and economic development. We are working closely with our partners to capitalize on this and other patents to offer comprehensive development solutions to our Member Countries.' For more information about the Smart Voucher System, please contact Dr. Hilal Houssain (hhoussain@ Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI). About the Islamic Development Bank Institute: The Islamic Development Bank Institute (IsDBI) is the knowledge beacon of the Islamic Development Bank Group. Guided by the principles of Islamic economics and finance, the IsDB Institute leads the development of innovative knowledge-based solutions to support the sustainable economic advancement of IsDB Member Countries and various Muslim communities worldwide. The IsDB Institute enables economic development through pioneering research, human capital development, knowledge creation, dissemination, and management. The Institute leads initiatives to enable Islamic finance ecosystems, ultimately helping Member Countries achieve their development objectives. More information about the IsDB Institute is available on
