Tunisia: Islamic Social Financing to Support Efforts to Recover and Rebuild From COVID-19 Pandemic

Source: AllAfrica

The United Nations and the Islamic Development Bank (IsDB) launched on Tuesday an initiative to assist finance efforts to recover better as the world continues to grapple with the COVID-19 pandemic.

"Coming at a time when the global health and economic crisis have pushed millions of people into extreme poverty, Islamic social financing has the potential to provide urgently needed support for poverty alleviation, economic recovery, pandemic response, and sustainable development," the IsDB said.

The initiative will include the International Dialogue on the Role of Islamic Social Financing in Achieving the SDGs, which will launch critical discussions including with global leaders and Islamic institutions on the role of Islamic social financing.