IDB Chief invites Finance experts in Jeddah for urgent meeting

Jeddah, October 18, SPA -- President of the Islamic Development Bank
(IDB) Dr. Ahmad Mohamed Ali has extended an invitation to leaders and
experts of the Islamic financial industry for an urgent meeting to
discuss the impact of global financial crisis on the industry.


The one-day meeting will take place at the IDB's headquarters in
Jeddah on October 25, according to the latest press release of the
IDB.


During the one-day forum, participants will consult industry
leaders, conduct brainstorming sessions on the developments and its
challenges and opportunities for the Islamic financial industry, and
will work out joint strategies and relevant initiatives as needed for
implementation.


The IDB, like other Islamic banks, sets itself apart from financial
markets in that it's governing and operation is compliant with
Shariah principles.


Since IDB's establishment three decades ago, Islamic financial
institutions worldwide has risen from one (being the IDB) in 1975, to
over 300 today in more than 75 countries

--SPA