1 / 42

The Islamic Development Bank Group Together We Build a Better Future

The Islamic Development Bank Group Together We Build a Better Future. Islamic Finance Seminar, Sao Paulo, Brazil, October 4, 2010. Contents. Vision 1440H (2020) Structure Products and Services Portfolio and Activity Highlights Cooperation with other Institutions. Vision 1440H ( 2020).

brede
Télécharger la présentation

The Islamic Development Bank Group Together We Build a Better Future

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Islamic Development Bank Group Together We Build a Better Future Islamic Finance Seminar, Sao Paulo, Brazil, October 4, 2010

  2. Contents • Vision 1440H (2020) • Structure • Products and Services • Portfolio and Activity Highlights • Cooperation with other Institutions

  3. Vision 1440H (2020) “ By the Year 1440H (2020) IDB shall have become a world-class development bank, inspired by Islamic principles, that has helped significantly transform the landscape of comprehensive human development in the Muslim world and helped restore its dignity.” 3

  4. Mission Statement • “We are committed to alleviating poverty, promoting human development, science & technology, and Islamic banking & finance, and enhancing cooperation among member countries, in collaboration with development partners” Source: AHDR

  5. Achieving healthy human development Securing strong and sustainable economic growth Promoting good governance Strengthening peace and stability Fostering a powerful sense of common identity, consciousness, and empathy Restoring the Image of Islam and the Muslim world Agenda for the Future: Responding to the Development Challenge of the Ummah (The IDB Vision 1440H & OIC 10 Year Plan of Action) Source: AHDR The Strategic Challenges Confronting the Muslim World : 5

  6. IDB: Six Priority Areas • Human Development • Agriculture Development and Food Security • Infrastructure Development • Intra-trade Among Member Countries • Private Sector Development • Research and Development in Islamic Economics, Banking and Finance

  7. Key Elements of IDB Group 2020 Vision A Vision for Comprehensive Human Development Integration of IDB MCs Economies Improving the Image of the Muslim World Key Strategic Thrusts Universalizing Education Empowering Women Promoting Health AlleviatingPoverty Expanding Islamic Financial Industry Prospering the People 7

  8. Contents • Vision 1440H (2020) • Structure • Products and Services • Portfolio and Activity Highlights • Cooperation with other Institutions

  9. IDB Group Organizational Structure 9

  10. Islamic Development Bank Principles of Islamic Shari’ah Governing Islamic Finance: Prohibition of Interest (Riba) in all financial transactions Prohibition of deception, incomplete disclosure of information and sale of prohibited items and gambling, etc Speculation and excessive leveraging is forbidden All transactions are based on real assets Entitlement to return is due to liability of loss and vice versa Unlawful earnings , expenditures or fraud is prohibited Dealings are based on trust, honesty and integrity Islamic Dinar (ID): The Unit of Account of IDB, which is equivalent to One Special Drawing Rights (SDR) of the International Monetary Fund (IMF) Definition of Key Terminology 10

  11. Islamic Development Bank (IDB) • Established in 1975 to foster socio-economic development in member countries and Muslim communities in compliance with Shari’ah. • Authorized capital of US$ 45 billion • Subscribed capital of US$ 22 billion • Paid-up capital of US$ 5.3 billion • AAA rating by Moody’s Investors Service, Fitch Ratings, Standard & Poors. • Zero-Risk Rating by the European Parliament 11

  12. Islamic Research & Training Institute (IRTI) • Established in 1981 to undertake applied & basic research in Islamic Economics and Finance. Activities include: • Research Seminars & Conferences • Training Courses • Publications • IDB Prize in Islamic Economics, Banking & Finance • IRTI Scholarship for PhD in Islamic Banking 12

  13. Islamic Corporation for Insurance of Investment & Export Credit (ICIEC) • Established in 1994 to provide Shari’ah-compatible export credit insurance, political risk insurance, technical assistance. • Capital Structure (66.7% IDB, 33.3% MCs) : Total authorized capital US$ 231 million, subscribed capital US$ 228 million • Business Insured in 2009 : over US$ 1 billion • Cumulatively, as of December 2009 : • - Business Insured US$ 6.35 billion • - in more than 37 member countries • Insurance Financial Strength Rating of Aa3 by Moody’s Investors Service 13

  14. Islamic Corporation for the Development of the Private Sector (ICD) • Established in 1999 & commenced its operation in July 2000 • Mandated to promote private sector development and to offer advisory services to the private sector entities in member countries. • An authorized capital of US$ 2 billion, paid up capital of US$ 470 million. • 47 Islamic Countries are members of which 21 are in Africa. • Capital Structure (50% IDB, 30% MCs, 20% Financial Institutions). • As of December 2009, cumulative business : • - Approvals : 185 Projects amounting to US$ 1.59 billion • - in more than 32 member countries 14

  15. International Islamic Trade Financing Corporation (ITFC) • Commenced business activities in January 2008. It promotes and enhances intra-trade and trade cooperation among 57 member countries of the Organization of Islamic Conference (OIC) through trade financing and promotion programs; • Authorized Capital : US$ 3.0 billion • Subscribed Capital : US$ 750 million • Managing Funds for other institutions : US$ 1.0 billion • Year 2009 Trade Finance Approvals : US$ 2.1 billion • Cumulatively Trade Financing, end 2009 : US$ 4.6 billion 15

  16. IDB Organizational Structure BOARD OF GOVERNORS Group Shari’ah Board Group Operations Evaluation BOARD OF EXECUTIVE DIRECTORS General Council Group Internal Audit Group Ombudsman IDB President Group Risk Management Group Integrity Officer Group Strategic Planning World Waqf Foundation VP (Fin.) VP (Opr.) VP (CorpServ.) Chief Econ.

  17. IDB Regional Offices Almaty Kazakhstan Dakar, Senegal Regional Offices Rabat, Morocco Kuala Lumpur, Malaysia In addition, there are currently 12 Field Representatives in some countries

  18. Growth in IDB Membership Europe: 2 Asia: 26 Africa: 27 Latin America: 1 • A Unique Model of South-South Cooperation • 56 members spreading over 4 continents • 22 countries in 1975→ 56 countries in 2009

  19. Shareholders in IDB (As % of Subscribed Capital)

  20. Contents • Vision 1440H (2020) • Structure • Products and Services • Portfolio and Activity Highlights • IDB Group Reform • Cooperation with other Institutions & the African Development Bank

  21. IDB Group Products and Services • Financing of Projects (Public and Private) • Promoting the Islamic Financial Industry • Trade Finance and Promotion • Capacity Building and Technical Cooperation • Risk Insurance • Research and Training • Fund/ Assets Management

  22. IDB Group Special Activities • NGOs and Women-In-Development (WID) • Scholarship Programs • Science & Technology Program • Investment Promotion Technical Assistance Program (ITAP) • Trade Cooperation & Promotion Program (TCPP) • Special Assistance 22

  23. IDB Group Special Programs (1) • Technical Cooperation Program (TCP) • Capacity Development (exchange of experts, training, etc.) • Supporting civil societies through NGOs • Supporting women-in-development initiatives • Investment Promotion Technical Assistance Program (ITAP) • Promote Intra-Investment among OIC MCs • Capacity Building of Investment Promotion Agencies • Dissemination of Investment opportunities • Investment Information Network • Intra-Investment Statistics on MCs • Trade Cooperation & Promotion Program (TCPP) • Exhibitions, Trade Fairs and Buyers-sellers Meetings • Capacity Building of Export Promotion Agencies • Consultative Meeting on Aid-for-Trade • Promote regional Cooperation 23

  24. IDB Group Special Programs (2) - Special Assistance and Scholarships • Provide Relief & Alleviation of suffering in case of natural disasters • Support development of Muslim minorities in non-MCs • Scholarships for Muslim communities in non-MCs. • M.Sc. Program for the Least Developed Member Countries • Merit Scholarship Programs for High Technology - Science and Technology Program • Capacity development in areas of Science and Technology • Inter-Islamic S&T Network • IDB Prize for Science & Technology to Promote Excellence in Research & Development • Self Reliance in Vaccine Production

  25. Modes of Financing • Interest-Free Loan • Leasing • Installment Sale • Construction Finance (Istisna’a) • Equity • Line of Financing • Technical Assistance (Loan & Grant) • Murabaha (Trade Financing)

  26. The Islamic Development Bank Group: Current Areas of Intervention IDB/ICD IDB/ICD ITFC IDB/IRTI 26

  27. The Islamic Development Bank Group:Current Areas of Intervention(Cont’d) ICIEC IRTI IDB/ICD IDB 27

  28. Contents • Vision 1440H (2020) • Structure • Products and Services • Portfolio and Activity Highlights • Cooperation with other Institutions

  29. Net Approved Financing IDB Group(Since Inception to End 2009) (Not Including ICD & ICIEC)

  30. Approved IDB Group Financing (Since Inception to End 2009) US$ billion Net Cum. End 2009 = US$ 63.90 billion

  31. Cumulative Sectoral Distribution (Projects & TAs from OCR)

  32. IDB GROUP ANNUAL NET APPROVALS (1975-2009) US$ million Cumulative $ 63.9 billion

  33. OPERATIONS PLAN ( OP Complex - Year 2010) Total Operations Plan : US$ 3.72 billion - US$ 39 million Grants Financing - US$ 381 million Concessional Loans - US$ 3.30 billion Ordinary Financing

  34. Operational Highlights Rural electrification, power generation & distribution Transport (highways and roads) and telecom Microfinance capacity building and lines of finance Dams, irrigation, water supply Agricultural and rural development projects Industry, petroleum & gas Primary and secondary education Higher education (engineering and medical) Health centers, rural hospitals, specialized facilities

  35. Supporting Islamic Finance Investments in Islamic Banks & Financial Institutions Capacity Building for Islamic Banks Introduction and Dissemination of Islamic Modes of Financing, and Developing Knowledge Developing the architectural foundation of the Islamic financial Industry, by establishing and supporting crucial institutions

  36. Supporting Islamic Financing • Accounting & Auditing Org. for Islamic Financial Institutions (AAOIFI)-1991 • General Council for Islamic Banks and Financial Institutions (CIBAFI)-2001 • International Islamic Financial Market (IIFM)-2002 • Islamic Financial Services Board (IFSB)-2002 • Liquidity Management Centre (LMC)-2002 • International Islamic Rating Agency (IIRA)-2002 • International Islamic Centre for Reconciliation & Arbitration (IICRA)-2005

  37. Islamic Solidarity Fund for Development(ISFD) • A dedicated facility to fight poverty • Launched - IDB BOG Annual Meeting (Dakar 2007) • Target Endowment of US$ 10 billion • Current IDB and MCs contribution of US$ 2.6 billion • Two Pilot Programs already approved: • Vocational Literacy (VOLIP) • Microfinance Support (MFSP)

  38. Contents • Vision 1440H (2020) • Structure • Products and Services • Portfolio and Activity Highlights • Cooperation with other Institutions

  39. Contents • Vision 1440H (2020) • Structure • Products and Services • Portfolio and Activity Highlights • Cooperation with other International Institutions

  40. Cooperation with Other International Institutions • Multilateral Financing Institutions (WB; AfDB; ADB; EIB; EBRD; etc.) • Regional & International Organizations (IMF; IFAD; FAO; UN; UNDP; UNEP; WHO; WMO; UNESCO; GCC; etc.) • National Financing Institutions / Bilateral Funding Agencies (DFID, JICA, JBIC; KFW; AFD; GTZ; IDRC; CIDA; SIDA; NORAD; etc.) • Arab Coordination Group

  41. Islamic Development Bank Group A Strategic Partner for Development

  42. Thank you 42

More Related