IOFS-IFPA delegation in the main event of IsDB Group in Tashkent, Uzbekistan

IOFS-IFPA delegation in the main event of IsDB Group in Tashkent, Uzbekistan
02 September 2021
On September 1, Director General of IOFS H.E. Mr. Yerlan A. Baidaulet takes part in the 46th Annual Meeting of the IsDB Group in Tashkent, Uzbekistan. This Annual Meeting under the theme of: “Respond, Restore, Restart: Post-COVID Resilience and Prosperity for all” is an ideal platform for decision-makers to discuss challenges and explore the intra-OIC market opportunities.

During the first day of the Annual Meeting, the Director-General of IOFS held a number of meetings with the IsDB entities, namely, with H.E. Mr. Ayman Sejiny, CEO of ICD regarding the joint work in agri-food projects that utilize Islamic finance instruments, such as Sukuk and other potential transactions of mutual interest.

Furthermore, H.E. Mr. Yerlan A. Baidaulet conducted the meeting with H.E. Eng. Hani Salem Sonbol, CEO of ITFC and discussed potential areas of collaboration. Each side shared the history of the development of their institutions and briefed upon their current activities dedicated to the agriculture and food sector for SMEs.
Moreover, H.E. Mr. Yerlan A. Baidaulet met with H.E. Mr. Oussama Abdel Rahman Kaissi, CEO of ICIEC. Parties agreed to jointly promote and implement unique Agri/food business and social projects, including in the field of SMEs, as well as, attracting investment into the agriculture and food sector.

The outcome of the above-mentioned bilateral meetings was to sign the Partnership Agreement with ITFC, the Partnership Agreement with ICIEC, and MoU with ICD, tomorrow on “Signing Ceremony” session to establish a framework of cooperation between International IFPA (B2B arm and full subsidiary of IOFS) and IsDB subsidiaries. In order to enhance agri-food sectors of the OIC member countries via insurance, trade financing, and investments.