Islamic Development Bank Prize for Impactful Achievement in Islamic Economics for the year 2025

Islamic Development Bank Prize for Impactful Achievement in Islamic Economics for the year 2025

- The Islamic Development Bank Group announced the launch of the annual competition for the “Impactful Achievement in Islamic Economics” Prize for the year 2025, in recognition and rewarding the distinguished achievements of individuals and institutions in the categories of knowledge generation and implementation of innovative development solutions guided by the principles of Islam.

 - This award is given in only one category each year, alternating between the “Knowledge Contribution” and “Development Achievement” categories. In this regard, the 2025 edition of this Prize will be dedicated to the “Development Achievement” category, in recognition and encouragement of innovative projects that have successfully contributed to addressing the most prominent development challenges of the Islamic Development Bank member countries.

- Those wishing to apply for this competition must do so exclusively through the electronic portal of this prize at: https://prize.isdbinstitute.org/how-to-apply 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 related documents before November 3, 2024.

- The first three winners of this competition will be rewarded by the Islamic Development Bank with financial prizes whose value varies according to each rank.

• The first will receive $100,000
• The second will receive $70,000
• The third will receive $30,000

- More information about this prize

- -In this regard and with the aim of ensuring strong participation of Algerian professors and researchers in this competition, particularly those who carry out innovative projects that can bring additional value to the Islamic economy in general, this announcement was published at the level of universities and research centers, allowing them to submit their applications either collectively (on behalf of the university or research center) or individually.