IDB President Hajjar stated that according to the Global Islamic Finance 2018 Report, 8 trillion dollars in the world is waiting for better investment opportunities, “This shows that there is a need to find more innovative ways for long-term investments.”
President of the Islamic Development Bank (IDB), Bandar Hajjar, stated that 8 trillion dollars is waiting for better investment opportunities in the world, and this shows the need to find more innovative ways for long-term investments.
The “Global Islamic Finance 2018 Report” prepared by the IDB and the World Bank was announced at the 43rd General Assembly of IDB held in Tunisia.
Speaking at the meeting where the report was shared, IDB President Hajjar stated that according to the calculations of the World Bank, 8 trillion dollars in the world is waiting for better investment opportunities. Hajjar said, “This shows that the United Nations (UN) needs to find more innovative ways to achieve the Sustainable Development Goals and long-term investments. According to the UN, there is an annual deficit of 2.5 trillion dollars in order to meet the sustainable development goals. Long-term funds are needed. There is a need. The interesting thing is that there is no shortage of money, no shortage of funds.” he said.
Stating that according to the estimates of the World Bank, a total of 34.4 trillion dollars in the world is in negative interest or low-yield bonds, Hajjar noted that the IMF, OECD, World Bank and IDB carry out various activities and initiatives in order to activate long-term investments. Hajjar said, “The point that everyone agrees on in these initiatives is that long-term investments share risks and rewards. Islamic finance can provide solutions to current financing problems by sharing risk and return. and promotes the fair sharing of revenues.” He used his expression.