0% KOMİSSİYALI NAĞD KREDİT


News


IDB increases capital to promote Islamic micro-financing and mutual insurance

Baku, Fineko/abc.az. At its regular session the Board of Executive Directors of the Islamic Development Bank resolved to submit a memorandum on the fifth general increase in the Bank’s authorized and subscribed capital to the annual meeting of the IDB Board of Governors scheduled to take place in Dushanbe, Tajikistan, during 21-22 May 2013.

The Bank reports that an increase in the IDB capital aims to enable to bring comprehensive development in member countries and Muslim communities in non-member countries.

The session also decided to recommend to the Board of Governors annual meeting a proposal to earmark an amount for the promotion of the Islamic financial services industry so that it could develop means and thus help to meet the rising demand for technical assistance, capacity building, promote Islamic microfinance, develop takaful (Islamic mutual insurance system), awkaf (Islamic endowments) and management of zakat (a certain portion of accrued wealth donated to the poor), etc.

 


07.01.2013 12:20


   


Related news

 ru / en



















Weather

Baku
Weather forecast for Baku Weather forecast for Baku

Gandja
Weather forecast for Gyandzha Weather forecast for Gyandzha

Sumgayit
Weather forecast for Sumgait Weather forecast for Sumgait

Guba
Weather forecast for Kuba Weather forecast for Kuba

Lenkoran
Weather forecast for Lankaran Weather forecast for Lankaran

Nakhichivan
Weather forecast for Nakhchivan Weather forecast for Nakhchivan