TIF and IsDB Discuss Practical Cooperation Opportunities

On 9 March 2026, the Turkic Investment Fund (TIF) and the Islamic Development Bank (IsDB) held an online high-level meeting to discuss potential areas of cooperation and practical steps to structure the partnership between TIF and IsDB.

H.E. Baghdad Amreyev, President of TIF, noted in his remarks the great significance of the TIF delegation’s visit to IsDB Headquarters in Jeddah in December 2025 and the outcomes of the meetings between the leadership of IsDB.

He also pointed out that TIF delegations’ meetings in Jeddah with the other members of the IsDB Group, namely the International Islamic Trade Finance Corporation (ITFC) and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), have confirmed a clear scope for institutional cooperation.

Describing the IsDB as one of the most important partners for TIF, Baghdad Amreyev also indicated several areas for possible cooperation, including co-financing, work on treasury, funding, and liquidity matters, and learning from IsDB’s experience across different fields.

Dr. Issa Faye, Director General for Global Practices and Partnerships at the Islamic Development Bank, welcomed the launch of the practical cooperation between the two institutions and stressed that the meeting had come at the right time, as IsDB was preparing its new five-year strategic framework.

He called for pragmatic partnership that would produce visible results in common member states. Dr. Faye emphasized the importance of pinpointing a few well-defined areas where both organizations could truly make a difference, suggesting a focus on the most impactful initiatives.

Mr. Ramil Babayev, General Director of TIF, briefed the IsDB delegation on TIF’s priorities, highlighted possible modalities for co-financing and pipeline exchange, and explored opportunities to develop joint initiatives.

He also noted that the IsDB Annual Meetings, to be held in Baku in June 2026, could provide a useful opportunity for engagement, including a possible side event to be jointly organized by TIF and IsDB.

During the meeting, the TIF delegation presented its Investment Policy priorities and the main directions of its Strategic Roadmap for 2025-2030.

The meeting showcased both institutions’ readiness to determine a long term strategic partnership between IsDB and TIF.

In addition to the President and General Director of TIF, the meeting was also attended by Ms. Betül Sarıkaya, Chief Financial Officer; Mr. Sanjar Usmanov, Chief Investment Officer; Assoc. Prof. Dr. Erhan Türbedar, Senior Advisor for Economic Affairs, and Mr. Mehmet Esat Mert, International Relations, Capital Mobilization and Treasury Director.

Dr. Issa Faye led the IsDB Delegation, which included Dr. Sami Al-Suwailem, Acting Director General of the Islamic Development Bank Institute; Mr. Ibrahim Ali Shoukry, Director for Partnerships, Global Advocacy, and Resource Mobilization; Dr. Mohamed Ali Chatti, Manager at the Awqaf Investments Division; Mr. Ahmed Alzagha, Manager at the Treasury Operations & Settlements; Mr. Chahir Ben Halima, Associate Manager at the Investments Department; Mr. Samir Nadir Taghiyev, Banking Department Senior Team Member at Islamic Corporation for the Development of the Private Sector, and others.