Introduction Semiconductors, commonly known as chips, are crucial parts of our daily lives. In every electronic device we use, from smartphones to computers and automobiles to coffee machines, chips constitute one of the most critical components. Chips are packed with thousands or billions of transistors on a piece of small, coin-sized silicon or germanium. They …
Keynote speech delivered by Engr. Adeeb Yousuf Al Aama, Chief Executive Officer, International Islamic Trade Finance Corporation (ITFC), during the 20th IsDB Global Forum on Islamic Finance, in Baku, Azerbaijan, on 17 June 2026 It is both an honour and a privilege to address you today at the 20th IsDB Global Forum on Islamic Finance, …
Islamic financing is not a panacea for the middle-income trap, but has a more modest enabling role. Where coupled with appropriate policies, reliable institutions and adequately prepared projects, it may contribute to bridging the transition from factors-driven to productivity led convergence through financing of productive infrastructure, enterprises development and innovation and human capital formation. Why …
Artificial intelligence now appears in almost every development discussion. In Member Countries of the Islamic Development Bank (IsDB), it is usually presented as part of the answer to familiar challenges: low productivity, weak service delivery, financial exclusion, and institutional capacity gaps. That is understandable. But the phrase “affordable AI” can easily become too broad to …
Beyond the lack of financial resources, delivery failures are among the main causes of poor public services in developing countries. The incapacity of states in developing countries to perform and to complete tasks entrusted to them is what Andrews et al. (2016) termed as “capability trap”. Their study shows that most developing countries suffer from …
