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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.
Islamic University, Bangladesh: IU: 1979 Kushtia Khulna Division General Yes link: Shahjalal University of Science and Technology: SUST: 1986 Sylhet Sylhet Division STEM: Yes link: Khulna University: KU: 1991 Khulna Khulna Division General Yes link: Bangladesh Open University: BOU: 1992 Gazipur Dhaka Division General Yes link: National ...
The OIC Council of Foreign Ministers is the second-highest decision-making body while the Islamic Summit of the Organisation of Islamic Cooperation is the highest decision-making authority. Both are administered by the Secretary General of the Organisation of Islamic Cooperation who is responsible for the implementation of decisions and ...
The university receives endowment from OIC member states and offers scholarships to allocated number of students in the form of tuition waiver and free accommodation. [9] The campus was designed by Turkish architect Mehmet Doruk Pamir, [10] an MIT graduate. [11] [12]
Islamic Research Center Bangladesh, popularly known as Bashundhara Islamic Research Center, [1] is a higher Islamic research institution situated at Bashundhara, Dhaka. [ 2 ] [ 3 ] [ 4 ] Faqihul Millat Mufti Abdur Rahman was the principal founder of the institution.
IBBL is a joint venture of the government of Bangladesh, 22 businessmen of Bangladesh, Islamic Development Bank, and investment firms and banks from Muslim Middle Eastern countries. [12] According to The Economist, "Islami Bank was a pioneer in financing Bangladesh's rise as the apparel industry's main production base outside China." [7]
In 2015, Islamic Foundation Bangladesh issued a fatwa banning the use of chairs for elderly worshipers in mosques. The head of the foundation, Shamim Afzal told Agence France-Presse , "There are no instances of the Prophet praying while sitting on a chair," despite numerous hadiths contradicting this claim. [ 5 ]
The development of trade between OIC member countries is fundamental to this process. The first formal proposal was made by the Custodian of the Two Holy Mosques during the 10th OIC Summit held in Putrajaya, Malaysia in 1424H (2003G) and supported the following year by the United Arab Emirates at an IDB Board of Governors Meeting in Iran.