IsDB’s THIQAH, BBI sign MoU to boost business

The Islamic Development Bank Group Business Forum - THIQAH and the Bosna Bank International (BBI) entered into a joint strategic collaboration by signing a Memorandum of Understanding (MoU) to facilitate cooperation between both parties to work closely on promoting and supporting the Sarajevo Business Forum (SBF) on a yearly basis and globally throughout the year.

The MoU was signed between Mohammed Al-Ammari, the Acting CEO of the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of IsDB Group (on behalf of THIQAH) and Amer Bukvić, CEO, Bosna Bank International during the coordination meeting with Saudi Business Community on Thursday at THIQAH Premises.

The main aim of the SBF is to strengthen business and investment opportunities in the Southeast Europe region with the sole objective to foster its economic development. Therefore, the cooperation between THIQAH and BBI as organizers of SBF will bring about greater impact with regards to their respective mandate and objectives in creating a platform for business networking.

Under the terms of MoU, THIQAH and BBI will share knowledge, information and collaborate on activities such as media outreach to promote SBF in IsDB member countries, Moreover, the MoU will enable both the institutions to invite participants that are prominent leaders, important investors and successful businessmen from IsDB member countries to attend SBF, cooperate on areas that enhance the investment opportunities in their premises, share best practices and explore bilateral business opportunities.

Along with the organization of Sarajevo Business Forum as a central investment event, this partnership reinforces to work throughout the year in introducing potential projects, companies and targets in CIS and SEE regions to potentially interested investors worldwide.

Besides, THIQAH and BBI will cooperate to organize Sarajevo Halal Fair (SHF), an annual international halal industry event and exhibition of halal producers/products, as well as join efforts in the promotion of Islamic banking and capacity building of Islamic banks. Sarajevo Halal Fair (SHF) 2018 is scheduled for September 27-29 in Sarajevo, capital of Bosnia and Herzegovina.

AlAmmari said "the signing of this MoU represents the step towards wider cooperation between THIQAH and BBI, and the creation of a business networking platform will facilitate the growth of investment opportunities on global level and generate strong and consistent returns.”

Amer Bukvić said “the organization of Sarajevo Business Forum represents an exciting opportunity for partnership by both parties. The MoU enhances mutual assistance, exchange of relevant information and co-operation on initiatives that promote SBF.”