Fin323

ISLAMIC DEVELOPMENT

BANK

Is a multilateral development financing institutionEstablished 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 LawIt was established in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countrieslocated in Jeddah, Saudi ArabiaThe Bank was formally opened on 15 Shawwal 1395H corresponding to 20 October 1975, inspired by King Faisal.

History

IDB GROUP

IRTI

ICIEC

ICDITFC

WWF

1975

1981

199919

94

2008

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.

 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

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.

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

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.

Objective of IDB

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.

Mission

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.

Vision

Basic Organization Chart Of IDB

Board of Governors

Board of Executive Director

President, IDB

Basic Organization Chart Of IDB

President, IDB

Vice PresidentVice President (Cooperation & Capacity

Development)

Vice President (Operations)

Vice President (Finance)

Members Involve In IDB• Saudi

Arabia, • Libya, • Iran, • Nigeria, • U.A.E, • Qatar, • Egypt, • Turkey, • Kuwait, • Algeria, • Pakistan, • Indonesia, • Malaysia, • Bangladesh

, • Yemen,

• Morocco, • Sudan, • Jordan, • Gabon, • Senegal, • Oman, • Iraq, • Brunei, • Cameroon, • Guinea, • Bahrain, • Burkina

Faso, • Niger, • Uganda, • Benin,

• Palestine, • Tunisia, • Kazakhstan

, • Syria, • Azerbaijan, • Mali, • Afghanista

n, • Chad, • Lebanon, • Mauritania, • Albania, • Gambia, • Kyrgyz, • Maldives, • Mozambiqu

e,

• Suriname,• Djibouti, • Guinea

Bissau,• Sierra Leone,• Somalia,• Tajikistan, • Togo,• Turkmenistan,• Uzbekistan,• Comoros• Cote d’lvoire.

Activities Of IDBThe 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

Policy Of IDBINTEGRITY 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

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

Programmes Of IDBo 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) Programii. Special program for Saudi Charity Relief Campaigniii. Fael Khair Program for Relief of Cyclone Victims of

Bangladesh

Special Program for the Development of Africa (SPDA)

Thank You“Together We Build a Better

Future”