Latest news with #Medikids
Zawya
22-05-2025
- Business
- Zawya
2025 Islamic Development Bank (IsDB) Prize Celebrates Transformative Solutions in Health and Water Security
The winners of the 2025 Islamic Development Bank (IsDB) Prize for Impactful Achievement in Islamic Economics (Development Solutions Achievement category) received the awards during a ceremony on the side lines of the IsDB Group Annual Meetings on 20 May 2025 in Algiers, Algeria. Medikids secured the first place for its innovative waqf initiative aimed at tackling the challenges of waqf management in Indonesia, with a portion of its net waqf profits allocated to the improvement of waqf assets and a range of social welfare programs. The Blue Filter initiative won the third place for its pioneering initiative to develop a prototype designed to purify water by eliminating harmful contaminants that integrates natural filtration methods with sophisticated automation and control systems, yielding a solution that is both sustainable and exceptionally efficient. IsDB Vice President (Finance) and CFO, Dr. Zamir Iqbal, presented the first-place prize award to Mr. Afdhal Aliasar, the team leader of Medikids project, during the 19 th IsDB Global Forum on Islamic Finance, held as part of the Annual Meetings in Algiers. The third winner, Mr. Salah El Sadi, Founder&CEO, Blue Filter, was unable to attend the ceremony. The awards also included cash prizes of US$ 100,000 for the first-place winner, and US$ 30,000 for the third-place winner. The winners were selected by an independent committee of experts from outside and inside of the IsDB Group, whose work is coordinated by the IsDB Institute. The selection committee has decided to withhold the second-place award. Acting Director General of the IsDB Institute, Dr. Sami Al-Suwailem, congratulated the winners and wished them success in their endeavors. In his comments on this occasion, Afdhal Aliasar, the team leader of Medikids project, said: 'Medikids is a practical embodiment of solving the issues of developing waqf in a productive and sustainable manner, and it can be successfully implemented. The productive waqf asset, Medikids Dental Clinics, is capable of meeting the growing need for skilled medical professionals through high-quality education, as well as addressing the demand for quality healthcare services for children and the broader community.' Salah El Sadi, Founder and CEO, Blue Filter, said, 'We are deeply honored to receive this recognition from the Islamic Development Bank. The Blue Filter project was developed with a mission to provide affordable, sustainable, and eco-friendly water purification solutions for both drinking and agricultural use. Our technology operates without energy or chemical waste, making it a truly green innovation. By addressing water contamination and scarcity, we aim to improve public health, support food security, and enhance agricultural productivity—especially in underserved communities.' 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, 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
13-05-2025
- Business
- Zawya
Innovative Projects Win 2025 Islamic Development Bank (IsDB) Prize for Impactful Achievement in Islamic Economics
The Islamic Development Bank (IsDB) has announced the winners of the 2025 IsDB Prize for Impactful Achievement in Islamic Economics, honoring two pioneering projects for their creative and impactful contributions to economic development inspired by the principles of Islamic economics. Medikids secured first place for its innovative waqf initiative, addressing waqf management challenges in Indonesia. The initiative leverages dental clinics for children and families to generate sustainable funding. Established in 2018, Medikids achieved financial stability within three years and launched a scholarship program for healthcare professionals in its second year. A portion of its net profit waqf is dedicated to enhancing waqf assets and various social welfare initiatives. The selection committee has decided to withhold the second-place award. The third-place prize was awarded to the Blue Filter initiative, which created a prototype to purify water by removing harmful pollutants like nitrates, chloride, and heavy metals. This technology combines natural filtration techniques with advanced automation and control systems, resulting in a solution that is both sustainable and highly effective. It also features real-time monitoring and loss management systems to ensure optimal performance and minimize water waste. The prizes will be presented at the IsDB Group Annual Meetings, scheduled for 19-22 May 2025, in Algiers, Algeria. IsDB Group Chairman HE Dr. Muhammad Al Jasser congratulated the winners, praised their contributions to Islamic economics, and wished them continued success. 'The IsDB Prize serves as a key driver of strategic significance, promoting the transformation of knowledge and principles of Islamic economics into actionable initiatives and innovative projects aimed at fostering comprehensive economic development,' stated Dr. Al Jasser. The winners were chosen by the IsDB Prize Selection Committee, which comprises eminent experts and scholars, coordinated by the IsDB Institute. Excerpts from the IsDB Prize Selection Committee Citations: Medikids Clinic It serves the important role of civil society waqf in supporting the mission of a combined health sector and education sector, serving the underprivileged component of society. The waqf-based model is considered sustainable due to its appropriate earning incentive framework, which is in harmony with the principles of Islamic economics. Blue Filter It provides a potential solution for IsDB member countries while aligning with the strategic goals of the IsDB, especially concerning food and water security. The model emphasizing blue and bio elements has rendered it more appealing than alternative solutions that are generally contaminated with chemicals. Established in 1988 as the 'IsDB Prize in Islamic Economics, Banking, and Finance,' the prize expanded in 2020 to recognize achievements in two categories, offered alternately: (i) Development Achievement and (ii) Knowledge Contribution. The 1446H (2025) Prize cycle focuses on Development Achievement, highlighting successful projects addressing development challenges in IsDB member countries and Muslim communities worldwide. Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).
