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The Islamic Development Bank (Arabic: البنك الإسلامي للتنمية, abbreviated as IsDB) is a multilateral development finance institution that is focused on Islamic finance for infrastructure development and located in Jeddah, Saudi Arabia.
In 1998, IDB took on management of another trade finance program established in cooperation with the Arab Bank for Economic Development in Africa (BADEA), to finance the exports of Arab League member countries to non-Arab League member countries of the African Union. On the other hand, several entities in the IDB Group such as the Islamic Bank ...
Development financial institution (DFI), also known as a Development bank, is a financial institution that provides risk capital for economic development projects on a non-commercial basis. DFIs are often established and owned by governments or nonprofit organizations to finance projects that would otherwise not be able to get financing from ...
In February 2009, Bank Negara Malaysia Governor Tan Sri Dato' Sri Dr. Zeti Akhtar Aziz was officially proclaimed as the first Chancellor of INCEIF. The proclamations were made during the first convocation in 2009, marking the graduation of the first batch of graduates who completed the Chartered Islamic Finance Professional (CIFP) program.
Accounting and Auditing Organization for Islamic Financial Institutions; Abbreviation: AAOIFI: Formation: February 26, 1990; 34 years ago () [1] in Algeria.: Founders: Islamic Development Bank, Dallah Al-Baraka, Faysal Group (Dar Al Maal Al Islami), Al Rajhi Banking & Investment Corporation, Kuwait Finance House and Al-Bukhary Foundation
The influx of "petro-dollars" and a "general re-Islamisation" following the Yom Kippur War and 1973 oil crisis encouraged the development of the Islamic banking sector, [70] and since 1975 it has spread globally. [71] In 1975, the Islamic Development Bank was set up with the mission to provide funding to projects in the member countries. [72]
Humayon Dar is a scholar and practitioner in the field of Islamic banking and finance, and serves as the Director General of the Cambridge Institute of Islamic Finance.He has held academic and professional positions, including Director General of the Islamic Research & Training Institute (IRTI) at the Islamic Development Bank (IsDB).
The Robert S. McNamara Fellowships Program provides support to young researchers working in academic and research institutions from eligible countries preparing a doctoral dissertation. Research grants cover residence costs for a 5- to 10-month period in a renowned university or research center [2] .