Islamic Development Bank Award for Effective Achievement in Islamic Economy 2025

The Islamic Development Bank Group announced the launch of the annual “Effective Achievement in Islamic Economy” Award 2025, which recognizes and rewards outstanding achievements by individuals and institutions in the categories of knowledge production and implementation of innovative development solutions guided by the principles of Islam.

It is worth noting that this award is granted in only one category each year, alternating between the “Knowledge Contribution” and “Development Achievement” categories. In this regard, the 2025 session of this award will be dedicated to the “Development Achievement” category in recognition and encouragement of creative projects that have successfully contributed to addressing the most prominent development challenges of the Islamic Development Bank’s member countries.

According to the Islamic Development Bank, those wishing to apply for this competition must do so exclusively through the electronic portal for   https://prize.isdbinstitute.org/how-to-apply

This is before October 30, 2024. After this date, the second phase of this nomination will be launched, during which candidates will be allowed to upload the nomination form and relevant documents before November 3, 2024

The Islamic Development Bank will award cash prizes of varying value according to rank to the first three winners of this competition.

The first in the ranking will receive an amount of US$ 100,000

The second will receive an amount of US$ 70,000

The third will receive an amount of US$ 30,000

For more information, please refer to the attached guide the Islamic Development Bank prepared about this award.