DIGEST an ESSENTIAL GUIDE to the 2017 ANNUAL REPORT DIGEST | an Essential Guide to the IDB Annual Report 2017
TOGETHER WE BUILD A BETTER FUTURE DIGEST AN ESSENTIAL GUIDE TO THE 2017 ANNUAL REPORT DIGEST | An essential guide to the IDB Annual Report 2017 Corporate profile of the Islamic Development Bank ESTABLISHMENT ISLAMIC DEVELOPMENT BANK GROUP The Islamic Development Bank (IDB) is an international The IDB Group comprises five entities: The Islamic financial institution established pursuant to Articles of Development Bank (IDB), the Islamic Research and Agreement done at the city of Jeddah, Kingdom of Training Institute (IRTI), the Islamic Corporation for the Saudi Arabia, on 21st Rajab 1394H, corresponding Development of the Private Sector (ICD), the Islamic to 12 August 1974. The Inaugural Meeting of the Corporation for the Insurance of Investment and Board of Governors took place in Rajab 1395H (July Export Credit (ICIEC), and the International Islamic Trade 1975) and the IDB formally began operations on Finance Corporation (ITFC). 15 Shawwal 1395H (20 October 1975). HEAD OFFICE, REGIONAL AND VISION By the year 1440H, the Islamic Development Bank COUNTRY OFFICES Headquartered in Jeddah, the Kingdom of Saudi Arabia, will have become a world-class development 1 the IDB has eleven regional hubs in Abuja, Nigeria; bank, inspired by Islamic principles, that has helped Almaty, Kazakhstan; Ankara, Turkey; Cairo, Egypt; significantly transform the landscape of comprehensive Dakar, Senegal; Dhaka, Bangladesh; Dubai, United human development in the Muslim world and helped Arab Emirates; Jakarta, Indonesia; Kampala, Uganda; restore its dignity. Paramaribo, Suriname; and Rabat, Morocco. MISSION To promote comprehensive human development, FINANCIAL YEAR The IDB’s financial year used to be the lunar Hijra Year with a focus on the priority areas of alleviating poverty, (H).
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