EENI Global Business School
Islamic Development Bank

Syllabus of the Subject: Islamic Development Bank (IsDB). Istisnaa. Sharia

  1. Introduction to the Islamic Development Bank (IsDB)
  2. Member Countries of the Islamic Development Bank (IsDB)
  3. IDB 1440H vision initiative
  4. Unit of Account (Islamic dinar) of the Islamic Development Bank (IsDB)
  5. Strategic framework of the Islamic Development Bank Group
  6. Project financing operations
  7. Modes of Financing and the Islamic Development Bank (IsDB)
  8. ISTISNA'A
  9. Islamic Development Bank and Shari'ah (Islamic Law)
  10. Institutions of the Islamic Development Bank
    1. Islamic Corporation for Insurance of Investments and Export Credits
    2. Islamic Corporation for the Development of the Private Sector
    3. International Islamic Trade Finance Corporation
  11. Islamic Banking
  12. Islamic Economics
  13. Arab Foreign Trade Financing
    1. Arab Bank for Economic Development in Africa (BADEA)
    2. Arab Export Financing Scheme

The objectives of the Subject “Islamic Development Bank” are the following:

  1. To understand the goals (Vision 1440H), structure and functions of the Islamic Development Bank (IsDB)
  2. To identify the areas of cooperation of the Islamic Development Bank (IsDB)
  3. To know the role of the Bank in promoting the sharia, Islamic Economics, and finance
  4. To analyse the methods of financing of the Islamic Development Bank and the solutions for financing exports of the member countries
  5. To evaluate the funds and financial instruments of the Islamic Development Bank (IsDB)
  6. To know the affiliated institutions: BADEA, Islamic Corporation for Insurance of Investments and Export Credits...
  7. To understand the project cycle of the Islamic Development Bank (IsDB)
The Subject “Islamic Development Bankbelongs to the following Online Higher Education Programs taught by EENI Global Business School:
  1. Courses: Islam & Business, Business in the Middle East
  2. Masters: Business in Muslim Countries, International Business, Foreign Trade, Religions & Business
  3. Doctorates: Islamic Business, Religions & Business, World Trade

Online Arab Student, Master International Business

Why study “Islam, Ethics and Business”?

Learning materials in Courses, Masters, Doctorates in International Business in English or Study Master Doctorate Business in Spanish Banco Islámico Desarrollo Study, Master in International Business in French Banque islamique du développement.

البنك الإسلامي للتنمية

Ethics Islam

Sample of the Subject - Islamic Development Bank (IsDB):
Islamic Istisna'a





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Description of the Subject: Islamic Development Bank (IsDB)

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

  1. The Inaugural Meeting of the Board of Governors took place in Rajab 1395H (1975)
  2. The Islamic Development Bank was formally opened on 15 Shawwal 1395H (1975).
  3. 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 the members of the Islamic Development Bank and the Muslim communities individually as well as act in agreement with the principles of the Shari'ah (Islamic Law).

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

The objectives of the Islamic Development Bank are the:

  1. Islamic financial industry and Islamic institutions promotion
  2. Poverty reduction
  3. Cooperation among the member countries of the Islamic Development Bank (IsDB)

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

The member countries of the Islamic Development Bank 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 Economic Development in Africa. Export Financing Scheme (BEFS)

Preference Areas of the Islamic Development Bank:

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

  1. Human development
  2. Agricultural development and food security
  3. Infrastructure development
  4. International Trade among the member countries
  5. 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 opened 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 is 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 the 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). The Istisna'a is a contract whereby a party undertakes to produce a specific good 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 production includes any manufacturing, construction, assembling or packaging process.

The Islamic Corporation for Insurance of Investments and Export Credits was created in 1415H (1994) with the objective to broaden the amplitude of the regional trade transactions, and the 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 to 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 the trade between the Islamic Development Bank member countries through providing trade finance and engaging in activities that facilitate the 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 belongs to the Islamic Civilisation and the African Civilisation.

Masters and Doctorates in International Business adapted for...

  1. OIC Asian Students: Brunei, Master, International Business, Foreign Trade Brunei Darussalam, Indonesia, Master, International Business, Foreign Trade Indonesia, Malaysia Online Students, Master / Doctorate Malaysia, Bangladesh Online Master / Doctorate in Business, Foreign Trade Bangladesh, Iran, Master, International Business, Foreign Trade Iran, Maldives, Master, International Business, Foreign Trade Maldives, Pakistan, Master, International Business, Foreign Trade Pakistan, Kazakhstan Master International Business, Foreign Trade Kazakhstan, Kyrgyzstan Master Doctorate International Business Kyrgyzstan, Tajikistan, Master, International Business, Foreign Trade Tajikistan, Turkmenistan, Master, International Business, Foreign Trade Turkmenistan, and Uzbekistan, Master, International Business, Foreign Trade Uzbekistan
  2. OIC African Students: Cameroon, Master, International Business, Foreign Trade Cameroon, Gambia, Master, International Business, Foreign Trade The Gambia, Egypt, Master, International Business, Foreign Trade Egypt, Libya, Sudan, Master, International Business, Foreign Trade Sudan, Somalia, Master, International Business, Foreign Trade Somalia, Nigeria Doctorates, Master, International Business, Foreign Trade Nigeria, Sierra Leone, Master, International Business, Foreign Trade Sierra Leone, Uganda, Master, International Business, Foreign Trade Uganda
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