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Chambers of commerce

Islamic Chamber of Commerce and Development Strengthens Economic Cooperation Among Member Nations

Strategic Insights

— 2 min read

The Islamic Chamber of Commerce and Development (ICCD) held its 39th Board of Directors meeting in Amman, attended by representatives from 16 countries, to discuss ways to strengthen economic cooperation among Islamic nations and foster joint development projects. The meeting highlighted the importance of promoting economic integration and developing the global Islamic business sector. ICCD President Sheikh Abdullah Saleh Kamel emphasized the need for communication and knowledge exchange among Islamic chambers to support sustainable economic development in member states. The meeting also focused on the "Invest in Digital Economy" forum, scheduled to take place in Amman, which aims to enhance economic cooperation among member countries and build partnerships within the Islamic private sector.

Key Takeaways:

  • The 39th Board of Directors meeting of the Islamic Chamber of Commerce and Development (ICCD) was attended by representatives from 16 countries, with a focus on strengthening economic cooperation among Islamic nations and fostering joint development projects.
  • ICCD President Sheikh Abdullah Saleh Kamel highlighted the importance of communication and knowledge exchange among Islamic chambers to support sustainable economic development in member states.
  • The meeting emphasized the need for building partnerships within the Islamic private sector, as well as promoting economic integration and developing the global Islamic business sector.
  • Jordan's hosting of the meeting was described as a strategic opportunity to enhance cooperation between Islamic countries, share visions for economic integration, increase intra-Islamic trade, and explore new opportunities in trade, agriculture, and services.
  • Mustafa Rifat Hisarciklioglu, ICCD Vice President and President of the Union of Chambers and Commodity Exchange in Turkiye, noted that global and regional economies are facing significant fluctuations and rising protectionist policies, highlighting market fragility and international trade challenges.
  • The board members and economic leaders discussed progress in the ICCD's initiatives aimed at empowering private sector organizations and supporting Muslim businesses in non-Islamic countries.
  • Abdullah Saleh Kamel was re-elected as ICCD President for the 2026-2030 term, aiming to strengthen the Chamber's role as a hub for Islamic economic integration and a driver of the community's economic future.
  • The board also reviewed the Palestine initiative launched at the 39th General Assembly in Qatar, designed to support Palestinian small and medium enterprises, enable youth remote work opportunities, and provide training to integrate Palestine into the global market and build a resilient national economy.

Statistics:

  • The 39th Board of Directors meeting of the ICCD was attended by representatives from 16 countries.
  • The ICCD has 57 member states, representing the private sector of the Organization of Islamic Cooperation (OIC).
  • The Chamber has regional offices in Egypt, Turkiye, and Saudi Arabia, in addition to its headquarters in Pakistan.
  • The ICCD aims to promote trade, industry, IT development, and investment opportunities among member states.
  • The Palestine initiative launched at the 39th General Assembly in Qatar targets support for Palestinian small and medium enterprises.

Sources:

  • "Islamic Chamber of Commerce and Development Strengthens Economic Cooperation Among Member Nations" (unspecified source)
  • Organization of Islamic Cooperation (OIC)
  • Islamic Chamber of Commerce and Development (ICCD)

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