Islamic Development Bank

from Wikipedia, the free encyclopedia
  Islamic Development Bank
Country Saudi ArabiaSaudi Arabia Saudi Arabia
Seat Jeddah
legal form
BIC ISLDSAJEXXX
founding 1975
Website www.isdb.org
Business dataTemplate: Infobox credit institute / maintenance / data out of dateTemplate: Infobox credit institute / maintenance / year missing
Employee 932
management
Corporate management

Ahmad Mohamed Ali Al-Madani , President

The Islamic Development Bank ( English Islamic Development Bank , IDB , Arab البنك الإسلامي للتنمية, DMG al-bank al-islāmī li-t-tanmiya ) is a supranational development bank that aims to support the development of the poorer countries of the Arab world. It was founded in July 1975 by the members of the Organization of the Islamic Conference and is based in Jeddah , Saudi Arabia .

structure

The IDB consists of two bodies, the Board of Governors and the Executive Board. Representatives (governors) of the member countries meet once a year. Each country sends a governor and a deputy governor. Usually these are the respective finance ministers of the federal states and their deputies. The Board of Governors decides on the budget and powers of the development bank . As the executive body, the Executive Board is responsible for managing the bank's budget. It consists of 14 people. Seven of them provide the largest subscribers to capital , the remaining member states elect the remaining seven executive directors.

The seven main donors of the Islamic Development Bank: Saudi Arabia (23.1%), Kuwait (11.5%), Libya (9.3%), Iran (8.1%), Egypt (8%), Turkey (7th , 3%), UAE (5.6%).

Project funding

Projects are funded according to the principles of Islamic banking . These are both infrastructural and social policy measures. Money is also flowing in non-member states, mainly to support Islamic education centers.

Members

In principle, all states that are also members of the Organization for Islamic Cooperation can become members. 56 states are currently members.

AfghanistanAfghanistan Afghanistan
EgyptEgypt Egypt
AlbaniaAlbania Albania
AlgeriaAlgeria Algeria
AzerbaijanAzerbaijan Azerbaijan
BahrainBahrain Bahrain
BangladeshBangladesh Bangladesh
BeninBenin Benin
BruneiBrunei Brunei Darussalam
Burkina FasoBurkina Faso Burkina Faso
DjiboutiDjibouti Djibouti
Ivory CoastIvory Coast Ivory Coast
GabonGabon Gabon
GambiaGambia Gambia
Guinea-aGuinea Guinea
Guinea-BissauGuinea-Bissau Guinea-Bissau
IndonesiaIndonesia Indonesia
IranIran Iran
IraqIraq Iraq
YemenYemen Yemen
JordanJordan Jordan
CameroonCameroon Cameroon
KazakhstanKazakhstan Kazakhstan
KyrgyzstanKyrgyzstan Kyrgyzstan
ComorosComoros Comoros
KuwaitKuwait Kuwait
LebanonLebanon Lebanon
LibyaLibya Libya
MalaysiaMalaysia Malaysia
MaldivesMaldives Maldives
MaliMali Mali
MauritaniaMauritania Mauritania
MoroccoMorocco Morocco
MozambiqueMozambique Mozambique
NigerNiger Niger
NigeriaNigeria Nigeria
OmanOman Oman
PakistanPakistan Pakistan
Palastina autonomous areasPalestine Palestine
QatarQatar Qatar
Saudi ArabiaSaudi Arabia Saudi Arabia
SenegalSenegal Senegal
Sierra LeoneSierra Leone Sierra Leone
SomaliaSomalia Somalia
SudanSudan Sudan
SurinameSuriname Surinam
SyriaSyria Syria
TajikistanTajikistan Tajikistan
TogoTogo Togo
ChadChad Chad
TunisiaTunisia Tunisia
TurkeyTurkey Turkey
TurkmenistanTurkmenistan Turkmenistan
UgandaUganda Uganda
UzbekistanUzbekistan Uzbekistan
United Arab EmiratesUnited Arab Emirates UAE

Web links

Individual evidence

  1. Entry in the BIC directory at SWIFT
  2. http://www.isdb.org/irj/portal/anonymous?NavigationTarget=navurl://9c2f799fdba05fd8b547aa0e2027b7c9

Coordinates: 21 ° 28 ′ 32 ″  N , 39 ° 12 ′ 7 ″  E