Board of Executive Directors of the Islamic Development Bank

E940933

The Board of Executive Directors of the Islamic Development Bank is the institution’s main executive body responsible for overseeing its operations, approving projects and policies, and ensuring that its activities align with its development mandate and Islamic finance principles.

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Statements (48)

Predicate Object
instanceOf executive board
governing body
organ of the Islamic Development Bank
aimsTo promote socio-economic development in member countries
support development in Muslim communities in non-member countries
appliesTo member countries of the Islamic Development Bank
chairedBy President of the Islamic Development Bank
composedOf Alternate Executive Directors
Executive Directors representing member countries
decidesOn equity investments and other Islamic finance instruments
loan and grant approvals
major institutional policies and guidelines
ensures that operations are consistent with the Islamic Development Bank’s Articles of Agreement
that operations comply with Shariah principles
that operations support sustainable development objectives
followsPrinciple Islamic finance
Shariah-compliant financing
governs operations of the Islamic Development Bank
hasAuthorityOver approval of financing operations
approval of investment operations
approval of policies and strategies of the Islamic Development Bank
approval of technical assistance operations
hasFunction approval of country and sector strategies
ensuring that projects are consistent with member countries’ development priorities
formulation of operational policies
monitoring of the Islamic Development Bank’s financial performance
supervision of the Islamic Development Bank’s portfolio
hasLegalBasis Articles of Agreement of the Islamic Development Bank NERFINISHED
hasRole main executive body of the Islamic Development Bank
locatedIn Jeddah NERFINISHED
locatedInCountry Saudi Arabia NERFINISHED
meetsAt Islamic Development Bank headquarters in Jeddah, Saudi Arabia
operatesWithin mandate defined by the Board of Governors of the Islamic Development Bank
oversees implementation of policies of the Islamic Development Bank
operations of the Islamic Development Bank
partOf Islamic Development Bank NERFINISHED
reportsTo Board of Governors of the Islamic Development Bank NERFINISHED
responsibleFor approving policies of the Islamic Development Bank
approving projects financed by the Islamic Development Bank
ensuring alignment of activities with the Bank’s development mandate
ensuring compliance with Islamic finance principles
overseeing the operations of the Islamic Development Bank
sector multilateral development finance
supports coordination with other multilateral development banks
implementation of the Islamic Development Bank’s strategic priorities
usesInstrument Islamic leasing and installment sale instruments
Shariah-compliant financing instruments
profit-and-loss sharing instruments

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Board of Governors delegatesAuthorityTo Board of Executive Directors of the Islamic Development Bank
subject surface form: Board of Governors of the Islamic Development Bank