GMS 695 Chapter Notes - Chapter 13: Islamic Development Bank, Sharia, Byrsonima Crassifolia
21 Jan 2018
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Document Summary
About: multilateral development nancing institutions with 54 shareholding member states located in jeddah, saudi arabia, basic conditions for membership. Be a member of organizing of the islamic conference. Pay its contribution to the capital of the bank. Willing to accept terms and conditions of idb board of governors: idb purpose is to advance economic development and social progress of member countries and muslim communities in accordance with principles of shari"ah. Shari"ah: idb provides interest free loans primarily for infrastructural projects aimed at providing socio-economic bene ts for surrounding communities, idb is charged with the responsibility of assisting in the promotion of foreign trade especially in capital goods. Strategic framework: to be the leader in fostering socio-economic development in member countries and. Muslim communities in non-member countries in conformity with shariah. Mission: the idb group committed to alleviating poverty; promoting human development; science and technology; islamic economics; banking and nance; and enhancing cooperation amongst member countries, in collaboration with development partners.
