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Introduced as part of the 2nd WIBC Leaderboard, The Governance & CSR Award (Corporate Social Responsibility) will be a key award constituting this year's WIBC Performance Awards, the scores of which will be aggregated as per the CSR Index and the Islamic Finance Development Indicator (IFDI).
Khaled Al Aboodi, CEO of ICD, said, "Incorporating Islamic finance in different strategies can be seen in the many steps taken by governments across different IFDI indicators.
The IFDI global average value, which acts as a barometer of the overall industry's development, recovered to 9.9 in 2017 from 8.8 in 2016.
This is the round-up of the eagerly awaited fifth edition of the Islamic Finance Development Report and Indicator (IFDI) 2017, which was presented at the 24th World Islamic Banking conference 2017 held from December 4 to 6 in Bahrain.
This was a key finding of the fifth edition of IFDI released yesterday at the WIBC 2017.
4.1 Explicit and direct national structures to govern IFDI
The IFDI was launched last year and claims to be theonly numerical measure representing the overall health and development of the Islamic finance industry, ranking quantitative development, governance, CSR, knowledge and awareness.
The ICD-Thomson Reuters Islamic Finance Development Indicator (IFDI), a numerical measure launched in December last year and representing the overall health and growth of the Islamic finance industry worldwide, highlighted Bahrain's developed Islamic finance sector, ranking first in the Mena region, with total assets worth $47 billion.
The ICD-Thomson Reuters Islamic Finance Development Indicator, or IFDI, was officially launched on Tuesday in Dubai.
Main components of these reforms included the achievement of fiscal discipline, reordered priorities concerning public expenditures, tax reforms, liberalized interest rates, competitive exchange rates, trade and inward FDI (IFDI) liberalization, market deregulation, privatization and securing property rights (Kuczynski & Williamson, 2003; Lora, 2001; Rodrik, 2006; Williamson, 2004).
ySTANBUL (CyHAN)- In last week's column, after discussing host-country benefits from foreign direct investment (FDI), I began to benchmark Turkey's inward FDI (IFDI) using data from the United Nations Conference on Trade and Development's (UNCTAD) World Investment Report 2012 (WIR12).
Inward Foreign Direct Investment (IFDI) first topped USD1 billion in 1984 and by 1991, was USD4.4 billion.
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