The Islamic Development Bank Institute (IsDBI) is inviting nominations for the IsDB Prize for Impactful Achievement in Islamic Economics for the year 1446H (2025).

This cycle of the prize is the ‘Development Solutions Achievement’ category that aims to recognize and reward successful projects that solve important development challenges in IsDB Member Countries.

Individuals and institutions can nominate a project that has a positive and significant impact on people’s lives and has a substantial impact on economic development based on Islamic principles. The nominated projects should be initiated within the previous seven years and be replicable elsewhere.

The prize comes with a US$ 100,000 award for the first-place winner, US$ 70,000 for second place, and US$ 30,000 for third place.

The nomination process involves two stages. The initial stage requires the registration of the nominator or applicant, to be completed by 30 October 2024.

The second stage involves the submission of detailed nomination forms and relevant documentation, due by 3 November 2024.

Further details on the application process can be found on the IsDB Prize Portal's ‘How to Apply’ page.

The winners will be celebrated during a special ceremony at the 2025 IsDB Group Annual Meetings, with the exact date to be announced later.

For additional information or to download the nomination brochure, please visit the ‘About IsDB Prize’ section or contact IsDBI via email at: isdbprize@isdb.org