ISLAMIC DEVELOPMENT BANK 39 Years In the Service of Development Islamic Development Bank Group 39 YEARS IN THE SERVICE OF DEVELOPMENT Jumada-II 1434H (May 2013) For enquiries about this booklet, please write to: Director, Economic Research and Policy Department Islamic Development Bank P. ... International Islamic Trade Finance Corporation (ITFC) ITFC was established in 1429H (2008) to advance trade across the Islamic world.

IDB GROUP MEMBERS, FUNDS AND INSTITUTIONS ..................... 6 3.1. ... IDB AS A LEARNING INSTITUTION .................................................. 31 X. 9.1 Knowledge Acquisition and Management........................................ 31 9.2 Knowledge Dissemination ............................................................. 34 CHALLENGES AND THE WAY FORWARD ....................................... 35 viii ABBREVIATIONS ADFIMI - Association of National Development Financing Institutions in Member Countries of the IDB ALESCO - Arab League Economic, Social and Cultural Organization AMU - Arab Maghreb Union APIF - Awqaf Properties Investment Fund AsDB - Asian Development Bank AfDB - African Development Bank BADEA - Arab Bank for Economic Development in Africa BOG - IDB Board of Governors CILSS - Comite Intergouvernemental de lutte Contre la Sécheresse au Sahel (Inter-State Committee for Drought Control in the Sahel) CIS - Commonwealth of Independent States COMCEC - OIC Standing Committee for Economic and Commercial Cooperation COMSTECH - OIC Standing Committee for Scientific and Technological Cooperation EBRD - European Bank for Reconstruction and Development ECO - Economic Co-operation Organization EFS - Export Financing Scheme EIB - European Investment Bank EMTN - Euro Medium-Term Note ESCWA - Economic and Social Commission for Western Asia ECOWAS - Economic Community for West African Countries FDI - Foreign Direct Investment HIPC - Heavily Indebted Poor Countries IBP - Islamic Banks Portfolio for Investment and Development ICBA - International Centre for Biosaline Agriculture ICCI - Islamic Chamber of Commerce and Industry ICD - Islamic Corporation for the Development of the Private Sector ICDT - Islamic Centre for the Development of Trade ICIEC - Islamic Corporation for Insurance of Investment and Export Credit ix ID IMF - Islamic Dinar which is equivalent to one Special Drawing Right of the International Monetary Fund IIF - IDB Infrastructure Fund IIRA - International Islamic Rating Agency IMF - International Monetary Fund IRTI - Islamic Research and Training Institute of IDB ISESCO - Islamic Educational, Scientific and Cultural Organization ITFO - Import Trade Fin

iv 42 Years in the Service of Development ABBREVIATIONS AfTIAS APIF CIBAFI E4C GCC ICD ICIEC ID IDB IDBG IFC IIRA IRTI ISFD ITAP ITFC IWAH LDMCs LLF MCs MDBs MENA MoUs OCR OECD OIC PPP SMEs TCP TCPP TVET UIF UNCTAD WIEF WWqF YFV : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : Aid for Trade Initiative for Arab States Awqaf Properties Investment Fund Council of Islamic Banks and Financial Institutions Education for Competitiveness Gulf Cooperation Council Islamic Corporation for the Development of the Private Sector Islamic Corporation for the Insurance of Investment and Export Credit Islamic Dinar (equivalent to one Special Drawing Right of IMF) Islamic Development Bank Islamic Development Bank Group Implementation Facilitation Committee Islamic International Rating Agency Islamic Research and Training Institute Islamic Solidarity Fund for Development Investment Promotion Technical Assistance Program International Islamic Trade Finance Corporation International Waqf Advisory House Least Developed Member Countries Lives & Livelihoods Fund Member Countries of the Islamic Development Bank Multilateral Development Banks Middle East and North Africa Memorandum of Understandings Ordinary Capital Resources of IDB Organisation for Economic Cooperation and Development Organisation of the Islamic Cooperation Public-Private Partnership Small and Medium Enterprises Technical Cooperation Program Trade Promotion and Cooperation Program Technical Vocational Education and Training Unit Investment Fund United Nations Conference on Trade and Development World Islamic Economic Forum World Waqf Foundation Yellow Fever Vaccine 42 Years in the Service of Development v CORPORATE PROFILE OF THE ISLAMIC DEVELOPMENT BANK Establishment The Islamic Development Bank (IDB) is an international financial institution established pursuant to Articles of Agreement done at the city of Jeddah, Kingdom of Saudi Arabia, on 21st Rajab 1394H corresponding to 12 August 1974. ... Accounting Unit The accounting unit of the IDB is the Islamic Dinar (ID), which is equivalent to one Special Drawing Right (SDR) of the International Monetary Fund.

International Islamic Trade Finance Corporation (ITFC) ITFC was established in 1429H (2008) to advance trade across the Islamic world. ... iii List of Acronyms/Abbreviations AAOIFI AfT APIF CIBAFI CIT CG DFID E4E ECG EGM ESCWA FDI GDA GTRC ICD ICDD ICIEC ICT ID IDB IFC IFIs IFSB IFSI IICO IIFM ILO IRTI ISFD ITAP ITFC LDMCs MCPS MDB MDGs MENA : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : Accounting and Auditing Organization for Islamic Financial Institutions Aid-for-Trade Awqaf Properties Investment Fund Council for Islamic Banks and Financial Institutions Countries in Transition Coordination Group United Kingdom’s Department for International Development Education for Employment Evaluation Coordination Group Expert Group Meeting Economic and Social Commission for Western Asia Foreign Direct Investment Global Development Agenda Group Trade-Related Issues Committee Islamic Corporation for the Development of the Private Sector Integrated Community Driven Development Programme Islamic Corporation for the Insurance of Investment and Export Credit Information and Communication Technology Islamic Dinar Islamic Development Bank International Finance Corporation Islamic financial institutions Islamic Financial Services Board Islamic Financial Services Industry International Islamic Charitable Organization International Islamic Financial Market International Labour Organization Islamic Research and Training Institute Islamic Solidarity Fund for Development Investment Technical Assistance Programme International Islamic Trade Finance Corporation Least Developed Member Countries Member Country Partnership Strategy Multilateral Development Bank Millennium Development Goals Middle East and North Africa v MFSP MoU NDFIs NGOs OCR OIC PIASR PIDA PPP PSCDR S&T SIT SMEs SPDA SPECA STATCAP TA TCP TCPP TPOs UIF UN VOLIP WTO vi : : : : : : : : : : : : : : : : : : : : : : : : Microfinance Support Programme Memorandum of Understanding National Development Financing Institutions Non-Governmental Organizations Ordinary Capital Resources Organization of Islamic Conference Project Implementation Assessment and Support Report Programme for Infrastructure Development in Africa Public Private Partnerships Prince Salman Centre for Disability Research Science and Technology Sterile Insect Technique Small & Medium Enterprises Special Programme for the Development of Africa Special Programme for the Economies of Central Asia and Afghanistan Statistical Capacity Building Technical Assistance Technical Cooperation Programme Trade Cooperation Promotion Programme Trade Promotion Organizations Unit Investment Fund United Nations Vocational Literacy for Poverty Reduction Programme World Trade Organization IDB Group Capital Structure As at end - 1431H (6 December 2010) IDB (ID*) Authorized Capital 1431H At Inception Subscribed Capital 1431H At Inception Paid-In Capital 1431H At Inception ICD ($**) (Amount in million) ICIEC (ID) ITFC ($) 30,000 2,000 150 3,000 2,000 1,000 100 3,000 17,475.6 1,000 149 750 750 350 68.8 500 4,031.07 401.2 74.5 671.7 280 88.1 63.8 446.1 *ID = Islamic Dinar is equivalent to one unit of SDR (Special Drawing Rights of the International Monetary Fund). **$ Refers to US$.