Islamic Development Bank

EENI- School of International Business

Subject (Course): the Islamic Development Bank (IDB). Istisnaa. Sharia. Syllabus:

  1. Introduction to the Islamic Development Bank.
  2. Member countries.
  3. The IDB 1440H vision initiative.
  4. Unit of account (Islamic dinar).
  5. Group strategic framework.
  6. Project financing operations.
  7. Islamic development Bank modes of financing.
  8. ISTISNA'A.
  9. Islamic Bank and the Shari'ah (Islamic Law).
  10. Islamic Corporation for Insurance of Investments and Export Credits.
  11. Islamic Corporation for the Development of the Private Sector.
  12. International Islamic Trade Finance Corporation
  13. Islamic Banking
  14. Foreign Trade financing.
  15. Arab Bank for Economic Development in Africa (BADEA).
  16. Export financing scheme.
  17. Islamic Economics

The objectives of the subject “The Islamic Development Bank” are:

  1. To understand the goals (Vision 1440H), the structure and functions of the Islamic Development Bank
  2. To identify the areas of cooperation of the Islamic Development Bank
  3. To know the Bank's role in promoting sharia, Islamic economics, and finance.
  4. To analyse the methods of financing of the Islamic Development Bank and the solutions for financing exports of member countries
  5. To evaluate the funds and financial instruments of the Islamic Development Bank
  6. To know the affiliated institutions: the Bank BADEA, the Islamic Corporation for Insurance of Investments and Export Credits
  7. To understand the project cycle of the Bank
Subject “The Islamic Development Bank” is studied…
  1. Professional Masters (e-learning): International Business, Muslims Countries
  2. Doctorates: Ethics, Religion, and Business, Islamic Countries
Master in International Business for the Middle East Students

Languages of study: En or Es Banco Islámico Desarrollo Fr Banque Islamique.

البنك الإسلامي للتنمية

Ethics Islam

Sample of the subject - Islamic Development Bank (IDB):
Islamic Istisna'a

Subject Description: The Islamic Development Bank (IDB):

The Islamic Development Bank is an international financial organisation created in the achievement of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah in 1393H (December 1973).

The Inaugural Meeting of the Board of Governors took place in Rajab 1395H (1975), and the Bank was formally opened on 15 Shawwal 1395H (1975).

The official language of the Islamic Development Bank is Arabic.

The goal of the Islamic Development Bank is to promote the economic development, international trade and social progress of members of the Islamic Development and Muslim communities individually as well as jointly in agreement with the principles of Shari'ah (Islamic Law).

Shari'ah is the set of rules derived from the Holy Quran, the authentic traditions (Sunnah) of the Prophet (peace be upon him) and the scholarly opinions (Ijtihad) which are based on the Holy Quran and the Sunnah.

Objectives of the Islamic Development Bank:

  1. Promotion of the Islamic financial industry and institutions
  2. Poverty reduction
  3. Promotion of cooperation among Islamic Development Bank's member countries

The present membership of the Islamic Development Bank consists of fifty-six countries.

The Islamic Development Bank Member countries are the United Arab Emirates, the Kyrgyz Republic, Lebanon, Libya, Mauritania, Morocco, Mozambique, Palestine, Qatar, Saudi Arabia, Senegal, Sierra Leone, Somalia, Sudan, Suriname, Syria, Tajikistan, Togo, Tunisia, Uganda, Niger, Pakistan, Afghanistan, Chad, Albania, Benin, Iran, Jordan, Algeria, Burkina Faso, Cameroon, the Gambia, Uzbekistan, Indonesia, Malaysia, Iraq, Kazakhstan, Kuwait, Maldives, Mali, Nigeria, Oman, Turkmenistan, Azerbaijan, Bahrain, Bangladesh, Brunei Darussalam, the Comoros, Ivory Coast, Djibouti, Gabon, Guinea, Guinea-Bissau, Egypt, Yemen, and Turkey

BADEA Arab Bank for Africa

Preference areas of the Islamic Development Bank:

The Islamic Development Bank Group will focus on the following six preference areas.

  1. Human development
  2. The agricultural development and food security
  3. Infrastructure development
  4. International Trade among the member countries
  5. The private sector development
  6. Research and development (R and D) in Islamic economics, banking, and finance

Headquartered in Jeddah (Saudi Arabia), the Islamic Development Bank Group also has three regional offices in member countries: Almaty (Kazakhstan), Kuala Lumpur (Malaysia), and Rabat (Morocco).

The Islamic Development Bank is also in the process of opening its fourth regional office in Dakar, Senegal. The Islamic Development Bank has field representatives in thirteen member countries Bangladesh, Guinea, Guinea-Bissau, Indonesia, Iran, Libya, Mauritania, Nigeria, Pakistan, Senegal, Sierra Leone, Sudan, and Uzbekistan.

Islamic Development Bank - Unit of Account (Islamic Dinar).
A unit of account of the Islamic Development Bank which is equivalent to one Special Drawing Right (SDR) of the International Monetary Fund (IMF). The composition of the currencies in SDR basket denominating in Islamic Dinar are USD 44%, Euros 34%, GBP 11% and JPY 11%.

The Islamic Development Bank Group offers a broad spectrum of financing and development schemes: project financing, International Trade financing, insurance in agreement with principles of Shari'a (Islamic Law) financing modes.

The Istisna'a finance mode allows providing financing for manufacturing and/or distribution of identified products (equipment, civil works). Istisna'a is a contract whereby a party undertakes to produce a specific thing which is possible to be made in agreement with some agreed-upon specifications at a determined price and for a fixed date of delivery. This undertaking of the production includes any process of manufacturing, construction, assembling or packaging.

The Islamic Corporation for Insurance of Investments and Export Credits was created in 1415H (1994) with the objective to broaden the amplitude of regional trade transactions, and foreign direct investment flows among the member countries of the Organisation of Islamic Cooperation.

The Islamic Corporation for the Development of the Private Sector is a multilateral organisation, affiliated with the Islamic Development Bank Group. Its shareholders are the Islamic Development Bank, forty-five Islamic member countries, and five public financial institutions from member countries.

The goal of the International Islamic Trade Finance Corporation is to promote trade of the member countries of the Islamic Development Bank through providing trade finance and engaging in activities that facilitate intra-trade.

The Arab Bank for Economic Development in Africa (BADEA) was created under the decisions of Sixth Arab Summit in Algeria on 28th November 1973. The Bank began operation in March 1975 with its Headquarters in Khartoum, the capital of the Republic of Sudan.

The Islamic Development Bank to the Islamic Civilisation and the African Civilisation.

EENI delivers to HRH Prince Alwaleed bin Talal a Master Honoris Causa

Islamic Development Bank

Islamic Economics:
Islamic Economics Zakat

Sharia - Islamic Law:
Sharia Islam

Islamic Banking Zakat

Middle East


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