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Islamic Development Bank
The Islamic Development Bank (, 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 57 shareholding member states with the largest single shareholder being Saudi Arabia. History It was founded in 1973 by the Finance Ministers at the first Organisation of the Islamic Conference (now called the Organisation of Islamic Cooperation) with the support of the King of Saudi Arabia at the time ( Faisal), and began its activities on 3 April 1975. On 22 May 2013, IsDB tripled its authorized capital to $150 billion to better serve Muslims in member and non-member countries. The Bank has received credit ratings of AAA from Standard & Poor's, Moody's, and Fitch. Saudi Arabia holds about one quarter of the bank's paid up capital. The IDB is an observer at the United Nations General Assembly. Membership The present membership of the Bank consists of 57&nbs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Development Bank
Development finance institution (DFI), also known as a Development bank, is a financial institution that provides risk capital for economic development projects on a non-commercial basis. DFIs are often established and owned by governments or nonprofit organizations to finance projects that would otherwise not be able to get financing from commercial lenders. They are often structured as a company that provides loans for projects that a government or nonprofit wants to encourage for non commercial reasons. They can be at a local, national or international level. DFIs include multilateral development banks, national development banks, bilateral development banks, microfinance institutions, community development financial institution and revolving loan funds.Andrea Levere, Bill Schweke, and Beadsie Woo, Development Finance and Regional Economic Development, Washington, DC: CFED, July 2006 Mandate DFIs can play a crucial role in financing private and public sector investm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The Organisation Of Islamic Cooperation
The economy of the Organisation of Islamic Cooperation (OIC) combines the economies of 56* member states. 49* are predominantly Muslim states. , the combined GDP (nominal) of 51* Muslim majority countries was US$ 12.97 trillion. , they contributed 8% of the world's total. Those 57* OIC countries in 2024 have a combined GDP (at Purchasing power parity; PPP) of US$ 24.183 trillion or US$ 29.983 trillion with observer countries. The largest economic country based on total PPP and Nominal GDP is Indonesia. The richest country on the basis of GDP per capita at PPP is Qatar, with incomes exceeding $133,357 per capita. On the basis of per capita GDP, Qatar is also the richest country, with incomes exceeding US$68,977 per capita. According to a report by Salam Standard, the GDP impact of the world’s Muslim tourism sector exceeded $138 billion in 2015, generating 4.3 million jobs and contributing more than $18 billion in tax revenue. ''*Observer nations in italic'' ;Economi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1975 Establishments In Saudi Arabia
It was also declared the ''International Women's Year'' by the United Nations and the European Architectural Heritage Year by the Council of Europe. Events January * January 1 – Watergate scandal (United States): John N. Mitchell, H. R. Haldeman and John Ehrlichman are found guilty of the Watergate cover-up. * January 2 ** The Federal Rules of Evidence are approved by the United States Congress. ** A bomb blast at Samastipur, Bihar, India, fatally wounds Lalit Narayan Mishra, Minister of Railways. * January 5 – Tasman Bridge disaster: The Tasman Bridge in Hobart, Tasmania, Australia, is struck by the bulk ore carrier , causing a partial collapse resulting in 12 deaths. * January 15 – Alvor Agreement: Portugal announces that it will grant independence to Angola on November 11. * January 20 ** In Hanoi, North Vietnam, the Politburo approves the final military offensive against South Vietnam. ** Work is abandoned on the 1974 Anglo-French Channel Tunnel scheme. * January ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organisation Of Islamic Cooperation Specialized Agencies
An organization or organisation (Commonwealth English; see spelling differences) is an entity—such as a company, or corporation or an institution (formal organization), or an association—comprising one or more people and having a particular purpose. Organizations may also operate secretly or illegally in the case of secret societies, criminal organizations, and resistance movements. And in some cases may have obstacles from other organizations (e.g.: MLK's organization). What makes an organization recognized by the government is either filling out incorporation or recognition in the form of either societal pressure (e.g.: Advocacy group), causing concerns (e.g.: Resistance movement) or being considered the spokesperson of a group of people subject to negotiation (e.g.: the Polisario Front being recognized as the sole representative of the Sahrawi people and forming a partially recognized state.) Compare the concept of social groups, which may include non-organizat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Organisation For Food Security
Islam is an Abrahamic religions, Abrahamic monotheistic religion based on the Quran, and the teachings of Muhammad. Adherents of Islam are called Muslims, who are estimated to number Islam by country, 2 billion worldwide and are the world's Major religious groups, second-largest religious population after Christians. Muslims believe that Islam is the complete and universal version of a Fitra, primordial faith that was revealed many times through earlier Prophets and messengers in Islam, prophets and messengers, including Adam in Islam, Adam, Noah in Islam, Noah, Abraham in Islam, Abraham, Moses in Islam, Moses, and Jesus in Islam, Jesus. Muslims consider the Quran to be the verbatim word of God in Islam, God and the unaltered, final revelation. Alongside the Quran, Muslims also believe in previous Islamic holy books, revelations, such as the Torah in Islam, Tawrat (the Torah), the Zabur (Psalms), and the Gospel in Islam, Injil (Gospel). They believe that Muhammad in Islam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Banking
Islamic banking, Islamic finance ( ''masrifiyya 'islamia''), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include '' mudarabah'' (profit-sharing and loss-bearing), '' wadiah'' (safekeeping), '' musharaka'' (joint venture), '' murabahah'' (cost-plus), and '' ijarah'' (leasing). Sharia prohibits ''riba'', or usury, generally defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also ''haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the revi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Islamic Trade Finance Corporation
The International Islamic Trade Finance Corporation (ITFC) aims to develop and expand intra-Organisation of Islamic Cooperation trade. History 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). IDB recognized that this goal could be achieved by advancing trade within the Islamic world. 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. The ITFC was mandated to streamline and consolidate operations within the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inter-American Development Bank
The Inter-American Development Bank (IDB or IADB) is an international development finance institution headquartered in Washington, D.C., United States of America. It serves as one of the leading sources of development financing for the countries of Latin America and the Caribbean. Established in 1959, the IDB supports Latin American and Caribbean economic, social, and institutional development and regional integration by lending to governments and sub-national agencies, developing new financial tools, creating enabling conditions for private-sector-led growth, convening and aligning countries around common interests, and bridging the region with the rest of the world. The IDB also provides extensive technical assistance to its borrowing member countries. It works across a range of sectors, including infrastructure, health, education, energy, citizen security, environmental sustainability, trade, transportation, housing, and small businesses. It works in conjunction with IDB ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Investment Bank
The European Investment Bank (EIB) is the European Union's investment bank and is owned by the 27 member states. It is the largest multilateral financial institution in the world. The EIB finances and invests both through equity and debt solutions companies and projects that achieve the policy aims of the European Union through loans, equity and guarantees. The EIB focuses on the areas of climate, environment, small and medium-sized enterprises (SMEs), development, cohesion and infrastructure. It has played a large role in providing finance during crises including the 2008 financial crisis and the COVID-19 pandemic. Over 60 years since its inception in 1958 to 2018 the EIB has invested over 1.1 trillion euros. It primarily funds projects that "cannot be entirely financed by the various means available in the individual Member States". The EIB is one of the biggest financiers of Sustainable finance, green finance in the world. In 2007, the EIB became the first institution in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CAF – Development Bank Of Latin America And The Caribbean
CAF - Development Bank of Latin America and the Caribbean, formerly the Andean Development Corporation (or Corporación Andina de Fomento), is a Caracas based development bank whose mission is to promote sustainable development and regional integration in Latin America and the Caribbean, through the financing of projects of the public and private sectors, the provision of technical cooperation and other specialized services. Established on February 7, 1968, it commenced operations in June 1970. Currently composed of 23 countries from Latin America, the Caribbean, Europe, and 13 private banks, it stands as one of the principal sources of multilateral financing and a significant knowledge generator for the region. CAF is a multilateral financial institution whose mission is to support the sustainable development of its shareholder countries and regional integration. It serves the public and private sectors, providing multiple financial products and services to a broad client portfol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caribbean Development Bank
The Caribbean Development Bank (CDB) is a development bank that helps Caribbean countries finance social and economic programs in its member countries through loans, grants, and technical assistance. The CDB was established by an Agreement signed on October 18, 1969, in Kingston, Jamaica, which entered into force on January 26, 1970. The idea for the bank originated from the 1966 Canada/Commonwealth Caribbean Conference. The permanent headquarters of the CDB is located in Wildey, St. Michael, Barbados, adjacent to the campus of the Samuel Jackman Prescod Institute of Technology, Samuel Jackman Prescod Polytechnic. On September 21, 2018, the Bank officially opened its Country Office in Haiti, the first outside its Headquarters in Barbados. The headquarters in Barbados serves all of the regional borrowing member countries, with staff recruited from its member states. History The Caribbean Development Bank was established by an agreement between sixteen members of the Commonwealth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
African Development Bank
The African Development Bank Group (AfDB, also known as BAD in French) is a multilateral development finance institution, headquartered in Abidjan, Ivory Coast since September 2014. The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC). The AfDB was founded in 1964 by the Organisation of African Unity, which is the predecessor of the African Union. The AfDB comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. History Following the end of the colonial period in Africa, a growing desire for more unity within the continent led to the establishment of two draft charters: one for the establishment of the Organization of African Unity (established in 1963, later replaced by the African Union) and one for a regional development bank. A draft accord was submitted to top African officials and then to the Conference of Finance Ministers on the Estab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
