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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.
There are two kinds of scholarship currently available on a very competitive basis: 1. The Joint Japan/World Bank Graduate Scholarship Program (JJ/WBGSP) is run with funding from the Japanese government and the World Bank; scholarships are awarded to individuals from World Bank member countries to study at renowned universities in other member ...
Since its inception in 1395H (1975G), the aim of the Islamic Development Bank (IDB) has been to improve the lives of ordinary people across the Islamic world by raising economic standards and increasing prosperity within the member countries of the Organisation of Islamic Cooperation (OIC, formerly the Organisation of the Islamic Conference).
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]
IsDB Islamic Development Bank Group: 56 countries in Asia, Africa, Europe, and Latin America: Jeddah: 1966: ADB Asian Development Bank: Asia: Manila: 1970: CAF Development Bank of Latin America: Latin America: Caracas: 29/5/91: EBRD European Bank for Reconstruction and Development: London: 1956: CEB Council of Europe Development Bank ...
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).
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 ...
It is to surpass the other specialized government bank, the military funding bank. [1] The bank would procure and sell development stocks. It is part of the seventh quininal program. [2] Ensafnews called it 'a daydream for the government.' [3] [4] Five banks merged to create this bank: [5] Bank Keshavarzi or Agriculture; Bank Industry and Mining