The IsDB Group today has launched the inaugural Private Sector Forum Awards (PSF 2023 Awards) to recognize and honor exceptional achievements, groundbreaking innovations and impactful initiatives by market practitioners driving positive change through Shariah compliant financial instruments in the areas of trade finance, export credit and private sector development.
The submission period is now open until the 14th April 2023, with the winners to be announced on the 27th April 2023.
The awards will be presented during a gala dinner at the IsDB Group Annual Meetings on the 11th May 2023 in Jeddah, Saudi Arabia.
The PSF 2023 Awards feature six categories with the International Islamic Trade Finance Corporation (ITFC), the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the Islamic Corporation for the Development of the Private Sector (ICD) presenting two awards each. The categories are as follow:
The ITFC Awards
- ITFC Trade Finance Deal of the Year
- Outstanding Contribution to Intra-OIC Trade Development
The ICIEC Awards
- Export Credit Agency of the Year Award
- Most Innovative Trade Development Initiative of the Year
The ICD Awards
- Most Impactful Islamic Finance Institution of the Year
Most Impactful ICD Investee Company of the Year
Led by a panel of industry experts comprising senior members of each IsDB Group entity as well as market leaders, the selection process employs a two-pronged approach.
All submissions will be funneled through an independent party to be fact-checked before being evaluated by the judging panel. Each submission will be weighed against a matrix of criteria not limited to impact, range of activities, uniqueness and complexity of work undertaken.
For more information and to submit for the PSF 2023 Awards, click here.