GLOSSARY OF IDB GROUP TERMINOLOGY GLOSSARY of IDB GROUP TERMINOLOGY All enquiries (including corrections or additions) should be sent to: Director, Economic Policy & Strategic Planning Department Islamic Development Bank, Jeddah. 20 Safar 1425H (10 April 2004) 1 Glossary of IDB Group Terminology Sr. No. 1 Word AAOIFI Meaning Accounting and Audit Organization for Islamic Financial Institutions .

Level 18, Boulevard Plaza 2 Burj Khalifa District PO Box 1756, Dubai United Arab Emirates Dub 84856940.2 ‫دﻧﺗوﻧز أﻧد ﻛو‬ ٢ ‫ ﺑوﻟﯾﻔﺎرد ﺑﻼزا‬١٨ ‫اﻟطﺎﺑﻖ‬ ‫ﺣﻲ ﺑرج ﺧﻠﯾﻔﺔ‬ ‫ دﺑﻲ‬، ١٧٥٦ ‫ص ب‬ ‫اﻹﻣﺎرات اﻟﻌرﺑﯾﺔ اﻟﻣﺗﺣدة‬ Contents 1 Interpretation 5 2 Amendment and Restatement 8 3 Appointment of Agents 8 4 Authentication and Delivery of Trust Certificates 9 5 Issuance of Trust Certificates 10 6 Payment to the Principal Paying Agent 10 7 Notification of Non-Receipt of Payment Instructions 11 8 Duties of the Paying Agents 11 9 Reimbursement of the Paying Agents 12 10 Calculation of Periodic Distribution Amounts and Periodic Distribution Dates 13 11 Notice of Withholding or Deduction 14 12 Duties of the Registrar 15 13 Duties of the Transfer Agent 17 14 Regulations for Transfer of Trust Certificates 18 15 Publication of Notices 18 16 Cancellation of Trust Certificates 18 17 Issue of Replacement Trust Certificates 19 18 Records and Certificates 20 19 Copies of Documents Available for Inspection 20 20 Remuneration and Indemnification of the Agents 22 21 Repayment by Principal Paying Agent 23 22 Conditions of Appointment 24 23 Communication with Agents 26 24 Termination of Appointment 26 25 Notices 29 26 Amendments 30 27 No Bankruptcy Petition 30 28 Limited Recourse 31 29 The IsDB's Exercise of its Powers to Raise Money 32 30 Contracts (Rights of Third Parties) Act 1999 32 31 Counterparts and Severability 32 Contents (i) Dub 84856940.2 32 Further assurance 32 33 Governing Law and Dispute Resolution 33 34 Shari’a Compliance 35 35 Modification 35 Schedule 1 - The Specified Offices of the Agents 36 Schedule 2 - Form of Calculation Agent Appointment Letter 37 Schedule 3 - Form of Final Terms 40 Schedule 4 - Form of Pricing Supplement 50 Schedule 5 - Obligations Regarding Trust Certificates Held Under the NSS 59 Contents (ii) Dub 84856940.2 This Paying Agency Agreement (this Agreement) is dated 30 September 2024 and made Between (1) IDB Trust Services Limited, a company incorporated in Jersey under the Companies (Jersey) Law 1991 (in its capacity as issuer and in its capacity as trustee of the Trust); (2) IsDB Trust Services No.2 SARL, a private limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg, registered with the Luxembourg trade and companies register (Registre de commerce et des sociétés, Luxembourg) under number B247570 having its registered office at 28, Boulevard F.W. Raiffeisen, L-2411 Luxembourg (in its capacity as issuer and in its capacity as trustee of the Trust); (3) The Islamic Development Bank, whose principal office is at 8111 King Khalid Street, Al Nuzlah Al Yamania District – Unit No. 1, Jeddah 22332-2444, Kingdom of Saudi Arabia, in its capacity as guarantor of certain obligations in respect of the assets constituting the Portfolio relating to the relevant Series of Trust Certificates (the IsDB or the Guarantor); (4) The Law Debenture Trust Corporation p.l.c., a company incorporated under the laws of England, whose registered office is at the Eighth Floor, 100 Bishopsgate, London, EC2N 4AG, United Kingdom, in its capacity as delegate (the Delegate); (5) HSBC Bank plc, as principal paying agent (in such capacity, the Principal Paying Agent) and as calculation agent (in such capacity, the Calculation Agent and, together with any further or other paying agents appointed from time to time in respect of the Trust Certificates, the Paying Agents); and (6) CSC Capital Markets (Jersey) Limited (formerly known as Intertrust SPV Services Limited), as registrar (in such capacity, the Registrar), as transfer agent (in such capacity, the Transfer Agent) and as replacement agent (in such capacity, the Replacement Agent) in each case in respect of the Trust Certificates.

Unit No. 1, Jeddah 22332-2444 Kingdom of Saudi Arabia TEL: +966-12- 656-6934 FAX: +966-126366871 GOE Fax # (96612) 646-7853 Email:GOED@isdb.org GUIDELINES FOR PREPARING PROJECT PERFORMANCE EVALUATION REPORTS FOR PUBLIC SECTOR OPERATIONS Table of Contents INTRODUCTION ..............................................................................................................................................0 REPORT PREPARATION AND PROCESSES .................................................................................................1 EVALUATION METHODOLOGY ......................................................................................................................6 DISSEMINATION AND DISCLOSURE OF EVALUATION PRODUCTS ...........................................................8 RELEVANCE ....................................................................................................................................................9 EFFECTIVENESS ......................................................................................................................................... 10 EFFICIENCY ................................................................................................................................................. 11 SUSTAINABILITY ......................................................................................................................................... 12 AGGREGATE PROJECT DEVELOPMENT OUTCOME (APDO) ................................................................... 14 BANK PERFORMANCE ................................................................................................................................ 15 PERFORMANCE OF THE BENEFICIARY OF THE IDB FINANCING ........................................................... 17 AUTOMATED RATING MATRIX .................................................................................................................. 20 GUIDELINES FOR PREPARING PROJECT PERFORMANCE EVALUATION REPORTS FOR PUBLIC SECTOR OPERATIONS 1.1 CONTEXT AND RATIONALE .......................................................................................................................................... 34 1.2 FORMULATION ..............................................................................................................................................................34 1.3 OBJECTIVES AND SCOPE AT APPRAISAL ..................................................................................................................34 1.4 FINANCING ARRANGEMENTS AT APPRAISAL ..........................................................................................................34 1.5 EVALUATION PURPOSE AND PROCESS .....................................................................................................................35 2.1 RELEVANCE ...................................................................................................................................................................37 2.2 EFFECTIVENESS ............................................................................................................................................................38 2.3 EFFICIENCY....................................................................................................................................................................39 2.4 SUSTAINABILITY ...........................................................................................................................................................41 2.5 OVERALL ASSESSMENT ..............................................................................................................................................42 2.6 OTHER ASSESSMENT ..................................................................................................................................................42 3.1 BANK PERFORMANCE..................................................................................................................................................43 3.2 PERFORMANCE OF THE BENEFICIARY OF IDB FINANCING ....................................................................................44 3.3 PERFORMANCE OF OTHER STAKEHOLDERS .............................................................................................................46 4.1 ISSUES............................................................................................................................................................................47 4.2 LESSONS LEARNED ......................................................................................................................................................47 4.3 FOLLOW-UP ACTIONS AND RECOMMENDATIONS ....................................................................................................47 ANNEX-1: PROJECT LOCATION MAP ............................................................................................................................................50 ANNEX-2: PHOTOGRAPHS OF PROJECT FACILITIES...................................................................................................................51 ANNEX-3: LIST OF PERSONS MET ................................................................................................................................................52 ANNEX-4: LIST OF DOCUMENTS REVIEWED.................................................................................................................................53 ANNEX-5: RETROFITTED LOG-FRAME ..........................................................................................................................................54 ANNEX-6: PLANNED AND ACTUAL PROJECT OUTPUTS .............................................................................................................55 GUIDELINES FOR PREPARING PROJECT PERFORMANCE EVALUATION REPORTS FOR PUBLIC SECTOR OPERATIONS ANNEX-7A: MAIN ASSUMPTIONS FOR RE-ESTIMATION OF PROJECT’S ECONOMIC INTERNAL RATE OF RETURN (EIRR) AT POST- EVALUATION ...................................................................................................................................................... 56 ANNEX-7B: RE-ESTIMATION OF PROJECT'S ECONOMIC INTERNAL RATE OF RETURN (EIRR) AT POST-EVALUATION .. 57 ANNEX-8A: MAIN ASSUMPTIONS FOR RE-ESTIMATION OF PROJECT’S FINANCIAL INTERNAL RATE OF RETURN (FIRR) AT POST- EVALUATION ...................................................................................................................................................... 58 ANNEX-8B: RE-ESTIMATION OF PROJECT'S FINANCIAL INTERNAL RATE OF RETURN (FIRR) AT POST-EVALUATION ... 59 ANNEX-9: PROFILE OF PLANNED AND ACTUAL DISBURSED FUNDS ........................................................................................ 60 ANNEX-10: ORGANIZATIONAL CHART OF THE EXECUTING AGENCY AT POST-EVALUATION ............................................... 61 APPENDIX I: RATING MATRIX ........................................................................................................................................................ 62 APPENDIX II: VALIDATION PROCESS FOR PPER (PROJECT CODE) ........................................................................ 63 ANNEX-11: ALGORITHM FOR PROCESSING EVALUATION REPORTS ........................................................................................ 64 GUIDELINES FOR PREPARING PROJECT PERFORMANCE EVALUATION REPORTS FOR PUBLIC SECTOR OPERATIONS Table-1: Guide for Rating of Relevance 9 Table-2: Rating Scale for Relevance 10 Table-3: Guide for Rating of Effectiveness 10 Table-4: Rating Scale for Effectiveness 11 Table-5: Guide for Rating of Efficiency 11 Table-6: Rating Scale for Efficiency 12 Table-7: Guide for Rating of Sustainability 13 Table-8: Rating Scale for Sustainability 13 Table-9: Overall Project Rating Scale 15 Table-10: Guide for Rating of Bank Performance 15 Table-11: Rating Scale for Bank Performance 17 Table-12: Guide for Rating of Performance of Beneficiary 18 Table-13: Rating Scale for Performance of the Beneficiary 20 The Islamic Development Bank Group (IDB Group) recognizes the importance of independent evaluation in the context of increased focus on development effectiveness and results, enhanced governance, and better informed decision-making. ... The IDB Group Evaluation Policy states that guidelines, processes, administrative instructions, circulars, and guidance notes are issued to enforce the implementation of the Evaluation policy.

The Development Impact of the Awqaf Properties Investment Fund A Model for Sustainable Development Awqaf Properties Investment Fund (APIF) December 2019 The Development Impact of the Awqaf Properties Investment Fund A Model for Sustainable Development Islamic Financial Sector Development Department (IFSDD) Islamic Finance Investments (IFI) Division Awqaf Properties Investment Fund (APIF) December 2019 02 APIF : A Model for Sustainable Development Foreword by The President of IsDB The Islamic Development Bank (IsDB) believes in finding innovative solutions to tackle the most difficult development challenges faced by our Member Countries and Muslim communities in Non-Member Countries. In addition, as the IsDB repositions itself to become a catalytic Bank of Developers, we believe that development decision-making, financing and implementation should be increasingly decentralized and localized to Member Countries and Muslim communities, supported by locally generated financial resources.