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Specialized Insitutions & Organs
» Islamic Education Scientific and Cultural Organization (ISESCO)

DEFINITION  

ISESCO is a specialized institution of the OIC in the field of Education, Science Culture.  


ESTABLISHMENT

The Eleventh Conference of Islamic Foreign Ministers held, in Islamabad, in Rajab 1400H/May, adopted Resolution No.2/11-C, concerning the approval of the Statute of this institution following the decision of the Tenth Conference, to establish it. The decision was notified by the Third Islamic Summit held in Makkah/Taif, in 1981. ISESCO's constituent conference was held in Fez, Kingdom of Morocco, in May 1982.  


OBJECTIVES

The objectives of the Islamic Organization - ISESCO - include:

1- To strengthen cooperation among member states in the field of education, science and culture.

2- To coordinate the efforts of OIC institutions in the fields of education, science and technology to foster Islamic solidarity.

3- To see to it that the curricula at all educational levels are based on Islamic culture.

4- To consolidate authentic Islamic culture and to protect the independence of Islamic thought against all forms of invasion and all factors of cultural alienation, distortion and disfigurement.

5- To consolidate understanding among peoples and to contribute to the achievement of world peace and security through various means, especially education, science and culture.

6- To promote cooperation among member states in the fields of education, science, culture, development of applied sciences and the use of high tech within the framework of the lofty and perpetual Islamic values and ideals.


HEADQUARTERS

The Headquarters of ISESCO is in Rabat, Kingdom of Morocco.  


ADDRESS 
Avenue des F.A.R , Hay Ryad, PO Box 2275, PC Code 10104
P.O.Box : 2275   10104
Telphone : +212 (0) 37 56 60 52 / 53 
Fax : +212 (0) 37 56 60 12 / 13
E-mail :  cabinet@isesco.org.ma


Web site:  http://www.isesco.org.ma
» Islamic Development Bank

DEFINITION

The Islamic Development Bank (IDB), a specialized institution of the OIC, is an international financing institution.  


ESTABLISHMENT

The idea of establishing this institution dates back to the 2nd Islamic Foreign Ministers Conference, held in Karachi; in 1970 which recommended to undertake an in-depth study of this project.  A Declaration of Intent was issued by the First Conference of Finance Ministers of Islamic countries, held in Jeddah, in Zul Qaddah , 1393AH (December 1973) to endorse this idea.  The Bank was formally inaugurated on 15th Shawal, 1395AH. (20 October, 1975).  


PURPOSE

The purpose of the Bank is to foster the economic development and social progress of Member States and Muslim Communities individually as well as collectively in accordance with the principles of the Shariah.  


FUNCTIONS

The functions of the Bank are to provide equity participation and grant loans for productive projects and enterprises. I also gives financial assistance to member states in other forms for their economic and social development and to foster foreign trade among member countries.  


MEMBERSHIP

The basic condition for membership is that the prospective member country be a member of the Organization of the Islamic Conference.  


ORGANIZATION AND ADMINISTRATION

The Bank is composed of:  

a) A Board of Governors

Each member state is represented in the Board and nominates a governor and an alternate governor.  

The Board meets once a year, in an ordinary session.  

b) A Board of Executive Directors

It consists of 10 members who are not members of the Board of Governors.  They are elected for a mandate of three years by the Board of Governors.  they can be re-elected.  

c) The President

He is the legal representative of the Bank and its Chief Executive Officer (CEO).  

He is elected by the Board of Governors for a period of five years and can be re-elected.


CAPITAL

The authorised capital of the Bank is six billion Islamic Dinars divided into 600,000 shares among subscriber.  The value of the Islamic Dinar, which is the unit of account of  the  Bank, is equivalent  to  one Special Drawing Right of the International Monetary Fund (SDR). The subscribed capital of the Bank is 4 billion Islamic Dinars. One Islamic Dinar =1.3 US Dollar.


HEADQUARTERS

The Bank's Headquarters is in Jeddah, Kingdom of Saudi Arabia.  


ADDRESS:

P.O. Box 5925 Jeddah, K.S.A.

Fax:  (00966-2)  6366871, 6371334, 6379080 
Telephone  : 966-2-6361400
Telex : 601137 ISDB SJ.  

 

Website: http://www.isdb.org/

 

» International Islamic News Agency (IINA)

   ESTABLISHMENT

The International Islamic News Agency, an OIC specialized institutions was set up in pursuance of resolution No.6/3- adopted by the 3rd Islamic Conference of Foreign Ministers, held in Jeddah in March 1972, following a prior decision taken by the Islamic Conference in Karachi, (Islamic Republic of Pakistan) in 1970.  


OBJECTIVES

1- To develop close and better relations between member states in the Information field.

2- To promote contacts and technical cooperation between the news agencies of member states.

3- To work for better understanding of Islamic peoples and their political, economic and social problems.


HEADQUARTERS

The Headquarters of the Agency is located in Jeddah, Kingdom of Saudi Arabia.  


ADDRESS

P.O.Box 5054, Jeddah - K.S.A.
Telephone : 9662-6658561/6652056
Telex : 601095 IINA
Fax : 9662-2- 6659358

E-mail :  iina@sps.net.sa


Website: http://www.islamicnews.org.sa/en/1.php

 
» Islamic States Broadcasting Organization (ISBO)

ESTABLISHMENT

This OIC specialized institution was established in pursuance of a resolution adopted by the Sixth Islamic Conference of Foreign Ministers held in Jeddah, Kingdom of Saudi Arabia, in July, 1975.  


OBJECTIVES

The main objectives of the Organization are:  

1. To propagate the principles of the Islamic Da'wa, and teach the Arabic language.

2. To get Muslim peoples to know one another.

3. To explain and fight for Islamic causes.

4. To strengthen the spirit of brotherhood among the Muslim peoples.

5. To develop cooperation between the Islamic technical organisms and institutions of member states in the field of broadcasting.

6. To produce and exchange radio and television programmes for promoting the objectives of the Organization.


HEADQUARTERS

The Islamic States Broadcasting Organization (ISBO) is in Jeddah, Kingdom of Saudi Arabia.  


ADDRESS

P.O. Box 6351 Jeddah, K.S.A.
Telephone: (966-2) 6721121/6722269
Fax: 6722600


Website: http://www.isboo.org/
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