The Islamic Development Bank (IDB) President, Dr. Ahmad Muhammad Ali, has extended an invitation to leaders and experts of the Islamic financial industry for an urgent meeting to discuss the impact of the global financial crisis on industry. The meeting at IDB's headquarters in Jeddah on Oct. 25. will feature brainstorming sessions on recent developments and the challenges and opportunities for the Islamic financial industry, and will work out joint strategies and required initiatives. The IDB, like other Islamic banks, sets itself apart from financial markets in that its governing and operation is compliant with the Islamic (Shariah) principles.
