President of Islamic Development Bank Dr. Bandar M. H. Hajjar to Open Sarajevo Business Forum, Organizers Confirm
Spirit of openness and business can initiate changes in the region
President of the Islamic Development Bank Group (IDB), His Excellency Dr. Bandar M. H. Hajjar will attend this year’s Sarajevo Business Forum (SBF), it was confirmed by the officials of BBI Bank which is the organizer of the leading business and investment conference in the Southeastern Europe. This event will be held in Sarajevo on April 25 and 26 for the ninth year in a row. It will be his second visit to the Bosnian capital as the head of the largest financial institution in the Islamic world whose capital is exceeding $ 150 billion. Islamic Development Bank is the majority shareholder of Bosnia Bank International and a co-organizer of the SBF from its very beginnings, as it developed into an annual business platform with a unique goal of ensuring economic development of the region.
As a senior official of the bank which operates in 57 countries across the globe, Dr. Hajjar will deliver a keynote address in the BiH Parliament together with BBI Bank CEO Amer Bukvić on the occasion of the opening of the 9th Sarajevo Business Forum on 25 April. Since its founding 43 years ago, Islamic Development Bank (IDB) has provided support to its member states in the amount of approximately $ 100 billion.
Bosnia and Herzegovina is not a member of the IDB, yet the presence of this bank in the SEE region is hardly unknown. Albania, which has the status of a member, has so far received more than $ 550 million in investments for the development of 37 projects, including the United Bank of Albania, which, with the help of BBI's international consulting services, now offers interest-free banking solutions. In total, IDB invested over $ 650 million in the Southeast Europe, including Albania, Croatia, Serbia, Slovenia, Macedonia, Montenegro and Bosnia and Herzegovina.
Bosnia and Herzegovina and other countries in the SEE region can use these tools to become an international corridor for business. The region can attract more foreign investments in order to stimulate its own development, and the IDB supports efforts which the state of Bosnia and Herzegovina puts into creating legal framework and environment conducive to foreign direct investments.
Former minister, distinguished lecturer, humanist
President of the Islamic Development Bank, Dr. Bandar M. H. Hajjar, is a former minister in the government of Saudi Arabia. He served as Minister of Hajj and Minister of Culture and Information of the Kingdom of Saudi Arabia. He also served as the member of the Saudi Supreme Council Shura for 12 years, as well as its Vice President for three years.
He has been active in the field of promotion of human rights. In 2004, he established the Saudi National Society for Human Rights. He is now a member of various associations which support orphans and students in need.
He holds a PhD in economic sciences (Loughborough University, UK). As a prominent lecturer at various universities around the world, he has become recognizable for his model in which he integrates theory with practice with a focus on the final outcome.
He served as Deputy Director of the Islamic Economics Research Center and Head of Islamic Perspective Curriculum Committee. He also worked as an editor of the influential business magazine Money and Markets, which promoted Islamic economy and finance.