The Islamic Development Bank Institute (IsDBI) is inviting nominations for the IsDB Prize for Impactful Achievement in Islamic Economics for the year 1446H (2025).
This cycle of the prize is the ‘Development Solutions Achievement’ category that aims to recognize and reward successful projects that solve important development challenges in IsDB Member Countries.
Individuals and institutions can nominate a project that has a positive and significant impact on people’s lives and has a substantial impact on economic development based on Islamic principles. The nominated projects should be initiated within the previous seven years and be replicable elsewhere.
The prize comes with a US$ 100,000 award for the first-place winner, US$ 70,000 for second place, and US$ 30,000 for third place.
The nomination is a two-step process that can be initiated by visiting the ‘How to Apply’ here page on the  IsDB Prize portal. The first step is the registration of the nominator/applicant, which is open until 30 October 2024. The second step is for the nominator/applicant to upload the nomination form details and any relevant files before 3 November 2024.
The prize winner and runners-up will be honored at a ceremony during the 2025 IsDB group annual meetings on a date to be announced in due course.
For more information about the call for nominations, click IsDB Prize to download the brochure or contact us on isdbprize@isdb.org.
