fin 323 islamic development bank powerpoint

2. Is a multilateral development financing institution
Established in October 1975.
The purpose of the Bank is to foster the economic development and social
progress of member countries and Muslim communities individually as well as
jointly in accordance with the principles of Shari'ah i.e., Islamic Law
It was established in pursuance of the Declaration of Intent issued by the
Conference of Finance Ministers of Muslim Countries
located in Jeddah, Saudi Arabia
The Bank was formally opened on 15 Shawwal 1395H corresponding to 20
October 1975, inspired by King Faisal.

3. WWF
ITFC
ICD 20
ICIEC 19 08
IRTI 19 99
19 94
81
19

4. Islamic Research and Training Institute (IRTI):
IRTI was established in 1401H (1981) as the research and training arm of IDB.
It plays an important role in the transformation of IDB Group into a world-
class knowledge-based organization.
Activities: training, research, advisory, capacity building, etc.
Corporation for the Development of the Private Sector (ICD):
ICD was established in 1420H (1999).
Its membership comprises 52 countries from four continents, namely:
Asia,
 Africa,
Europe
Latin America.

5. Islamic Corporation for the Insurance of Investment and Export
Credit (ICIEC):
ICIEC was established in 1415H (1994).
Its membership comprises 40countries from three continents which is Asia,
Africa and Europe.
ICIEC promotes trade among member countries and with the rest of the
world, and attract investments to member countries from other parts of the
world.
It provides the following services:
Export credit insurance and reinsurance
Investment insurance and reinsurance

6. Islamic Trade Finance Corporation (ITFC)
 ITFC commenced operations in 1429H (2008).
 Its membership comprises 37 countries from three continents which is Asia,
Africa and Europe.
 ITFC is an autonomous entity established with the objective of enhancing
trade thereby improving the economic conditions and livelihoods of people
throughout the Muslim world.

7. World WAQF Foundation (WWF)
 WWF was established by IDB in 1422H (2001)
 To create a global entity for Waqf, in collaboration with Waqf
organizations governmental, NGOs and philanthropists from the private
sector.
The objectives of the WWF are as follows:
 Supporting organizations, projects, programmes and activities in
the educational, health, social, and cultural fields.
 Providing support in the conduct of studies and scientific research
in the field of Waqf.
 Assisting countries and organizations in drafting Waqf legislation

8.  To foster the economic development and social progress of its 56 member
countries and Muslim communities either individually as well as jointly in
accordance with the principles of Shari'ah such Islamic Law.

9.  To promote comprehensive human development, with a focus on the priority
areas of alleviating poverty, improving health, promoting education,
improving governance and prospering the people.

10.  Based on Shari'ah principles, the IDB Group has many reasons to be proud of
its achievements. It is now well-positioned to be an effective agent of change
to prepare its members in facing numerous challenges brought about by the
forces of globalisation and rapid technological change.

11. Board of Governors
Board of Executive
Director
President, IDB

12. President, IDB
Vice President
Vice President
(Cooperation &
Capacity
Development)
Vice President Vice President
(Finance) (Operations)

13. • Saudi Arabia, • Morocco, • Palestine, • Suriname,
• Libya, • Sudan, • Tunisia, • Djibouti,
• Iran, • Jordan, • Kazakhstan, • Guinea Bissau,
• Nigeria, • Gabon, • Syria, • Sierra Leone,
• U.A.E, • Senegal, • Azerbaijan, • Somalia,
• Qatar, • Oman, • Mali, • Tajikistan,
• Egypt, • Iraq, • Afghanistan, • Togo,
• Turkey, • Brunei, • Chad, • Turkmenistan,
• Kuwait, • Cameroon, • Lebanon, • Uzbekistan,
• Algeria, • Guinea, • Mauritania, • Comoros
• Pakistan, • Bahrain, • Albania, • Cote d’lvoire.
• Indonesia, • Burkina Faso, • Gambia,
• Malaysia, • Niger, • Kyrgyz,
• Bangladesh, • Uganda, • Maldives,
• Yemen, • Benin, • Mozambique,

14. The IDB Group is engaged in a range of specialized and integrated
activities such as:
• Resource mobilization
• Public and private sector financing
• Investment
• Trade financing
• Insurance services
• Information services
• Research and training in Islamic economics and
banking
• Technical assistance for capacity building
• Technical cooperation among member countries
• Scholarships for students in member countries and
Muslim communities in non-member countries
• Debt relief and emergency relief

15. INTEGRITY POLICY
o Purpose :
 To ensure that staff members and other employees of IDB Group
conduct themselves in accordance with the highest levels of
integrity.
 To ensure that all activities, transactions, projects and operations
financed and/or undertaken by any member of IDB Group either
severally or jointly with other institutions.
 To ensure that the existing IDB Group policies, procedures,
guidelines and practices support and are construed in line

16. Scope of the Policy
o Covers and applies to all staff members and other employees such
experts, consultants and contractors and entities who are in any manner
associated with IDB Group
Breach of Integrity
o Violations of the duties and obligations incumbent on IDB Group staff
members and other employees shall not be tolerated.
o To disciplinary and legal actions taken against such violators, any staff
member and other employees

17. o Islamic Development bank have three scholarship program which are :
 IDB Scholarship Programme for Muslim Communities in Non-
Member Countries (SPMC),
 Merit Scholarship Programme for High Technology (MSP) ,
 M.Sc. Scholarship Programme for Science and Technology (MPST).
o Current programmes launched by IDB :
 Special Assistance Program Achievement :
i. Orphan Kafala (Sponsorship) Program
ii. Special program for Saudi Charity Relief Campaign
iii. Fael Khair Program for Relief of Cyclone Victims of Bangladesh
 Special Program for the Development of Africa (SPDA)

18. Thank You
“Together We Build a Better Future”