Islamic Bank offers $450,000 to enhance science, technology development

Islamic Bank offers $450,000 to enhance science, technology development

Press Release

The Islamic Development Bank (IsDB) has announced the call for nominations for prizes in Science and Technology and Women Contribution to Development.

Winners of the prizes for 2017 will receive cash awards in different amounts totaling US$450,000, during the Annual Meeting of the IsDB Board of Governors to be held in Jeddah, Saudi Arabia, in May 2017.

The prizes in Science & Technology and Women Contribution to Development are in different categories. The categories under the Science & Technology Prize, are:

(a) Outstanding scientific or technological contribution to the socio-economic development of a member country, (b) Outstanding contribution to any of the following scientific disciplines: Engineering; Agriculture; Medicine; Biotechnology; Information Technology; Optronics; Material Sciences; Pharmaceutical; Industrial Microelectronics; Nanotechnology and alternative Energy Sources, and (c) Scientific research institutions in IDB least developed member countries (LDMCs).

Winners of the three categories under the Science & Technology Prize will each receive US$100,000.

The prize for Women Contribution to Development consists of two cash awards of (a) US $50,000 for a woman or a group of women, and (b) US $ 100,000 for an organization.

The president of IsDB, Ahmad Ali, said, “Supporting high quality research in Science & Technology will go a long way in positioning our member countries to compete in the global economy. IsDB will continue to support universities, research institutes and individual researchers in their effort to make the world a better place”.

“IsDB recognizes the contribution of women in development. Our role is to support and inspire them in their effort to reduce poverty, inequality, promote education and give hope to the hopeless,” Mr. Ali added.


The deadline for the submission of applications is November 30.

Application forms and details about each prize are available on the IsDB website:

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