While only a fraction of the investment requirements is currently being met by the private sector, IDB sees a greater role for the private sector in meeting demand for water and sanitation infrastructure services over the next decade, indicated Dr Ahmed Mohamed Ali, President of the IDB Group, at a high-level meeting of the United Nations Secretary General's Advisory Board on Water and Sanitation (UNSGAB) recently held at Riyadh's Conference Palace and hosted by the Kingdom of Saudi Arabia, in partnership with the Arab Water Council and IDB. ... Along with some 20 members of this top UN panel on water, some 17 Arab water ministers and deputy ministers also participated, in addition to representatives from the League of Arab States, Japan, Germany, The Netherlands, United Kingdom and Italy (as it assumes the G8 Presidency).

Positively, the growing number of bank and non-bank financial institutions which already have or have expressed interest in implementing Shariah units as part of their business models is proof that Islamic finance is gaining traction in the country. ... Firdaus Djaelani, Board of Commissioner of Otoritas Jasa Keuangan/Executive Head of Non-Bank Financial Institution Supervisory stated that, "One of our responsibilities is to develop the Islamic finance industry in Indonesia, as it is still far from its potential.

Seeking to raise US$ 250 million, the Fund will be administered by the IsDB and unite giving from private and public foundations, Zakat agencies and individuals. ... It benefits from UNICEF’s on-the-ground presence in all OIC member states and areas affected by emergencies, pooled resources and reduced costs, and programmes that have been pre-approved to absorb Muslim funding.

“This will offer attractive opportunities for Sukuk issuers to cater to growing demand,” he stated. ... Alvi, acknowledged the continuous support of the Central Bank of Bahrain, Securities Commission Malaysia, Bank Indonesia, Autoriti Monetari Brunei Darussalam, Capital Markets Board of Turkey, Central Bank of Sudan and the State Bank of Pakistan in verification of Sukuk issuance data.

Cailleteau further stated that the Aaa rating reflects the fact that both the IDB's financial strength and the commitment of its shareholders are extremely sound although the IDB operates in a challenging environment. ... In Moody's view, the decision taken by the member states at the recent Annual Meeting in Kuwait to increase considerably the Bank's authorized and subscribed capital stock indicates that this challenge can be met.

US$ 22.7 million Istisna'a financing for Samendeni Dam Project – Burkina Faso; US$ 16.8 million as Istisnaa financing and US$ 5.2 million as Installment sale financing respectively for the upgrading and development of the State Islamic University of Sunan Gunung Djati, Bandung, Indonesia; Financing for two projects in Maldives: 1- US$ 12.6 million for reconstruction of Housing Units for the Tsunami Victims under the IDB Tsunami Assistance Package and US$ 15 million Istisna'a financing for construction of Harbours; US$ 3.6 million supplementary loan financing for the Taraz Talas Suusamyr Road Project, Kyrgyz Republic; US$ 163 million financing for two projects in Jordan (comprising US$ 100 million lease financing for the expansion and operation of the Queen Alia International Airport and a combined US$ 63 million leasing and loan financing for the Electricity Transmission Project); US$ 6.3 supplementary loan financing for the Nouakchott Water Supply Project – Mauritania; US$ 189 million installment sale financing for Mohammedia Gas Turbine Power Plant Project – Morocco; US$ 29.3 million to exercise Pre-Emptive rights by IDB in the Equity Capital Increase of Bahrain Islamic Bank- Bahrain. ITEMS FROM THE IDB WAQF FUND : US$ 500,000 Loan for renovation of American Islamic College in Chicago, Illinois, USA; US$ 250,000 for the Procurement of Laboratory Equipment for Al-Maktoum College of Engineering and Technology, Dar Es Salaam, Tanzania; US$ 150,000 for the Construction of Hostel Building at Maulana Madani Memorial English School, Deoband Town, Saharanpur District, Uttar Pradesh State, India; US$ 600,000 for the Rehabilitation of Magburaka Islamic College at Magburaka, Tonkolili District, Sierra Leone; US$ 230,000 for the construction and equipping of Jiamusi Muslim Vocational Training and Cultural Center, Heilongjiang Province, China; US$ 270,000 for the Expansion of Moneerah Integrated School, Ubaldo Laya, Higan city, Philippines; and US$ 1.5 million (US$ 500,000 as grant and US$ 1 million as loan) for the construction of the International University of Sarajevo, Bosnia and Herzegovina APPROVALS BY THE PRESIDENT : The following are Operations approved by the President of the Bank between the previous and present sessions of the Board in respect of Trade Financing Operations, Export Financing Scheme and Technical Assistance.

US$ 175,000 for the Construction of Warsia Girls College, Gomti Town, Lucknow District, Uttar Pradesh State, India. ... US$ 390,000 for Slough Islamic School, Slough, Greater London, United Kingdom.

Fitch's assessment also benefit from the importance of IsDB's public mandate for the bank's member countries and the operational support that member states can provide to the bank, including Saudi Arabia where IsDB is located. ... The average rating of key shareholders consisting of Saudi Arabia (A+/Stable), the United Arab Emirates, Libya, Iran and Nigeria (B+/Negative) is 'BB+'.

Cailleteau further stated that the Aaa rating reflects the fact that both the IDB's financial strength and the commitment of its shareholders are extremely sound although the IDB operates in a challenging environment. ... In Moody's view, the decision taken by the member states at the recent Annual Meeting in Kuwait to increase considerably the Bank's authorized and subscribed capital stock indicates that this challenge can be met.