ISLAMIC DEVELOPMENT BANK GROUP IDBG OPERATIONS AT A GLANCE Q-1 2018 Update ABDINASIR MOHAMUD NUR MAY, 2018
Preamble IDB GROUP OPERATIONS AT A GLANCE 1 Q1-2018 Access to timely, relevant and accurate quality data is essential in assessing socio economic development and the impact of interventions in IDB Group Member Countries. In this context, the Economic Research and Institutional Learning Department (ERIL) initiated the Open Data Initiative to make quality data easily accessible to all who desire it. The Open Data Initiative is intended to help transform the Islamic Development Bank Group (IDB Group) into a knowledge-based institution by providing quality assured data to support knowledge generation, dissemination, and transfer. It provides an opportunity for internal and external data users to access operational data, which covers IDB Group approvals since inception organized by Mode of Financing, Entity, Source of Funds, Country and Sectors. Member countries are clustered into four groups: Middle East and North Africa (MENA) 2, Asia and Latin America (ALA) 3, Europe and Central Asia (ECA) 4 and Sub-Saharan Africa (SSA) 5 based on internal classification. The IDB Group Operational Data is released quarterly based on the Gregorian calendar; and is also available in the Hijra year for internal purposes. The snapshot of the IDB Group operations is given below. 1. IDB Group Net Approvals In response to the increasing development needs of its Member Countries, approvals have been on the increase. Overall, since inception, total IDB Group Net Approvals, reached US$130.7 billion by the end of Q1-2018. In terms f decade performance, Net Approvals increased significantly from US$4.8 billion in the first decade (1976-1985) to US $83.7 billion in the latest decade (2008-Q1-2018). This impressive performance was mainly due to the Bank s strategic decision to scale up its operations to help member countries cope with the effect of the global financial turbulences. 1. The Bank encourages the use and distribution of the data provided that clear attribution is given to the original source. 2. MENA-18 includes Algeria, Bahrain, Egypt, Iran, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Syria, Tunisia, UAE and Yemen. 3. ALA-9 includes Afghanistan, Bangladesh, Brunei, Guyana, Indonesia, Malaysia, Maldives, Pakistan and Suriname. 4. ECA-8 includes Albania, Azerbaijan, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkey, Turkmenistan and Uzbekistan. 5. SSA-22 includes Benin, Burkina Faso, Cameroon, Chad, Comoros, Cote d Ivoire, Djibouti, Gabon, Gambia, Guinea, Guinea Bissau, Mali, Mauritania, Mozambique, Niger, Nigeria, Senegal, Sierra Leone, Somalia, Sudan, Togo, and Uganda. 2
2. Approvals by Region At the regional level, out of the total financing of US$130.7 billion since inception, US$48.5 billion went to MENA-18 region, followed by ALA-9 (US$38.7 billion); SSA-22 (US$17.1billion) and ECA-8 (US$18.9 billion) (Figure 2). Reflecting the diverse developing priorities in the regions, it is not surprising that the majority of the Net Approvals for SSA-22 and ECA-8 were in the Transport Sector, whereas, for MENA- 18 and ALA-9, they were in the Energy Sector. Country-wise, the top-5 beneficiaries of IDB Group financing are Bangladesh (15.3 percent), followed by Egypt (8.9 percent), Pakistan (8.9 percent), Turkey (8.5 percent) and Morocco (5.1 percent). The total financing for these five countries represent about 46.7 percent of total IDB group net approvals. Therefore, IBDG may need to monitor the socioeconomic changes in these five major beneficiary countries. It is clear that any economic turbulence in these countries will have a significant effect on IDBG operations due to the high project concentration. 3
3. IDB Group Net Approvals by Sector In terms of sectoral breakdown of the Group Net Approvals, Energy and Finance sectors accounted for the largest shares of US$43.6 billion and US$15.7 billion respectively, followed by Transportation sector at US$12.4 billion, and Agriculture US$11.3 billion. This sectoral distribution shows that the IDB Group projects mainly focused on Infrastructure and Finance sectors in its Member Countries (Figure 3). From the perspective of IDB Group modes of financing, the most frequently used are Istisna a and Leasing for project financing, while Murabaha is the only mode used for trade financing. 4. IDB Group Net Approvals by Source of Financing The main sources of the IDB Group Net Approvals are IDB Ordinary Capital Resources (IDB-OCR), Islamic Corporation for the Development of the Private Sector (ICD) and International Islamic Trade Finance Corporation (ITFC). The IDB-OCR accounted for 40.5 percent of the cumulative Group Net Approvals, followed by ITFC (30.3 percent) and ICD (3.9 percent). The 4
remaining 24.8 percent are coming from ICD managed fund (1.8%), Awqaf Property Investment Fund (0.3%), Special Assistance Operations (0.6%) and closed funds (22.6%). 5. IDB Group Projects for Non- Member Countries The mission and outreach of the IDB Group is beyond its member countries. As part of its mandate, the IDBG also fosters socioeconomic development of Muslim Communities in Non-Member Countries. This has largely been in the Education and Health sectors. The total amount approved by the Bank for the Muslim Communities in Non-Member Countries as the end of Q1-2018 stood at US$754.5 million for 1575 projects. Muslim Communities in 86 Non-Member Countries from five Continents benefited from the Bank Group s Special Assistance Programs and ordinary financing operations. Europe (US$233.7 million) and Africa (US$218.4 million) were the largest beneficiaries of financing in non-member countries followed by Asia (US$109.5 million), the Americas (US$66.0 million), and Oceania (US$19.2 million). 6. ICIEC Operations The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) is a member of the Islamic Development (IDB) Group. Its mandate is to facilitate and promote trade and investment among IDB Member 5
Countries and the world through Shariah compliant risk mitigation tools. ICIEC Commulative Insurance Approvals increased from US$2.63 million in 1996 to US$3,492.2 million in 2017, and Business Insured increased from US$0.15 million to US$7,527.2 million in the same period. Since inception ICIEC operations have grown, with rapid growth since the early (2000 s. The Insurance Approvals growth from 2007 onwards averaged at 14.5 percent, while the annual growth of Business Insured averaged at 27.6 percent in the same period. However, both Business Insured and Insurance Approvals slightly declined in 2017 due to low commodity prices in the Member Countries that affected the global trade. The overall impressive growth of ICIEC operations started right after the 2008 financial crisis where many companies decided to mitigate the risk of their trade and investment. ICIEC operations are not limited to IDB Member Countries with approximately one third (US$12,644.7 million) of Insurance Approvals of US$37,946.8 million from inception for Non- Member Countries (Fig.7). Similarly, approximately 25% (US$11,506.3 million) of the US$45,458.6 million of total Business Insured went to Non- Member Countries (Fig.8). For Excel Tables: https://www.isdb.org/irj/go/km/docs/documents/idbdevelopments/internet/english/idb/cm/ IDB%20Group%20Data/CountryApprovals_Main.htm 6
Annex 1: CUMMULATIVE IDB GROUP OPERATIONS BY MAJOR MODES OF FINANCING (1) (01 JANUARY-1976 TO 31 MARCH-2018) Project Financing Technical Assistance (TA) Trade Financing Special Assistance Operations Grand Total (2) Country No. IDM USDM No. IDM USDM No. IDM USDM No. IDM USDM No. IDM USDM Afghanistan 7 97.7 140.7 8 1.2 2.0 0 0.0 0.0 21 11.4 15.8 36 110.3 158.5 Albania 24 372.6 565.7 6 0.9 1.3 2 4.9 7.2 3 1.0 1.4 35 379.4 575.6 Algeria 40 443.1 591.8 13 3.2 4.2 188 1,490.0 1,887.7 7 4.5 5.6 248 1,940.7 2,489.4 Azerbaijan 33 661.6 1,001.6 14 2.5 3.6 15 80.6 122.0 4 1.5 2.0 66 746.1 1,129.1 Bahrain 55 1,006.1 1,492.1 12 1.8 2.7 23 265.7 376.5 0 0.0 0.0 90 1,273.7 1,871.3 Bangladesh 93 1,490.2 2,189.9 11 3.2 4.8 262 12,026.6 17,737.7 12 28.8 35.7 378 13,548.7 19,968.1 Benin 55 506.6 737.4 24 5.6 6.9 8 77.1 108.2 1 1.3 1.4 88 590.5 853.9 Brunei 5 39.1 49.9 1 0.0 0.0 0 0.0 0.0 0 0.0 0.0 6 39.1 49.9 Burkina Faso 90 718.9 1,037.7 40 10.9 14.2 20 687.5 994.2 9 8.3 8.8 159 1,425.6 2,054.9 Cameroon 65 775.7 1,100.2 18 3.3 4.3 9 369.7 520.7 3 1.3 1.7 95 1,150.1 1,627.0 Chad 60 506.9 760.3 36 5.0 6.9 3 26.3 36.7 10 9.9 10.8 109 548.1 814.7 Comoros 6 13.5 17.2 14 3.9 5.5 11 108.8 149.5 3 0.9 1.1 34 127.1 173.3 Côte d'ivoire 47 983.1 1,431.2 10 1.6 2.4 7 265.7 361.7 5 1.0 1.2 69 1,251.3 1,796.5 Djibouti 39 229.5 340.9 20 3.0 4.1 18 405.1 570.0 10 1.7 2.3 87 639.2 917.3 Egypt 77 1,916.5 2,859.9 20 3.6 5.2 152 6,063.6 8,763.4 6 1.3 1.7 255 7,985.1 11,630.3 Gabon 17 314.5 469.4 4 1.7 2.2 1 18.8 25.2 0 0.0 0.0 22 334.9 496.8 Gambia 48 216.5 312.9 30 4.2 5.7 43 316.6 465.5 4 1.7 1.8 125 538.9 785.9 Guinea 79 633.5 888.0 38 8.5 11.4 6 37.9 48.8 6 6.1 7.8 129 686.0 955.9 Guinea-Bissau 3 2.3 2.6 10 1.7 2.2 2 11.6 15.0 3 1.1 1.3 18 16.6 21.0 Guyana 0 0.0 0.0 2 0.0 0.0 0 0.0 0.0 5 0.8 1.2 7 0.8 1.2 Indonesia 103 2,168.5 3,149.7 15 1.7 2.5 74 1,299.8 1,870.3 4 2.9 4.4 196 3,473.0 5,026.9 Iran 77 2,266.2 3,359.6 20 3.9 6.0 173 1,733.7 2,504.8 7 10.0 13.3 277 4,013.9 5,883.7 Iraq 3 23.8 26.0 7 0.6 0.9 35 264.9 301.3 15 4.4 6.0 60 293.7 334.1 Jordan 51 674.7 956.0 30 5.2 7.1 75 1,180.4 1,572.8 1 0.2 0.3 157 1,860.5 2,536.2 Kazakhstan 26 870.0 1,246.5 14 1.9 2.6 22 508.6 769.5 5 1.3 1.9 67 1,381.7 2,020.6 Kuwait 12 129.1 179.4 20 1.9 2.7 49 784.6 1,164.5 4 6.5 7.5 85 922.1 1,354.0 Kyrgyz Republic 35 211.5 312.3 15 2.7 4.2 3 15.3 22.0 7 1.7 2.4 60 231.3 340.9 Lebanon 67 1,036.9 1,475.5 6 0.7 1.0 11 157.9 221.5 21 7.0 9.8 105 1,202.5 1,707.8 Libya 15 249.0 339.0 6 2.5 3.4 10 230.0 299.8 5 3.6 5.8 36 485.1 647.9 Malaysia 34 511.1 709.0 11 1.1 1.6 48 258.3 361.7 5 8.8 11.5 98 779.3 1,083.8 Maldives 32 131.7 191.0 10 1.5 2.1 10 181.2 269.0 3 0.6 0.8 55 315.0 462.9 Mali 90 768.9 1,096.8 32 9.8 13.3 19 290.3 416.0 12 14.9 16.5 153 1,083.9 1,542.6 Mauritania 78 554.4 822.1 51 17.1 23.5 23 375.5 547.2 7 9.7 11.1 159 956.7 1,404.0 Morocco 66 1,804.5 2,665.0 29 4.7 6.6 128 2,799.7 4,028.3 4 1.2 1.5 227 4,610.1 6,701.3 Mozambique 23 257.9 365.3 11 2.0 3.0 4 44.7 65.0 5 1.8 2.2 43 306.3 435.5 Niger 65 418.9 597.8 47 11.3 15.3 23 142.3 188.3 18 10.2 12.2 153 582.7 813.6 Nigeria 20 363.9 542.1 8 1.4 2.0 21 392.0 588.0 29 5.6 7.5 78 762.9 1,139.6 Oman 35 1,444.7 2,028.5 9 1.7 2.2 1 1.4 2.0 2 0.4 0.5 47 1,448.2 2,033.2 Pakistan 73 1,688.7 2,517.0 18 2.1 3.0 255 6,598.4 9,158.5 11 8.5 11.7 357 8,297.7 11,690.2 Palestine 10 16.3 22.6 9 0.9 1.2 1 2.1 3.0 43 41.4 53.5 63 60.7 80.4 Qatar 18 288.7 438.8 1 0.1 0.1 1 1.0 1.5 0 0.0 0.0 20 289.8 440.4 Saudi Arabia 82 1,266.4 1,886.1 33 3.2 4.5 171 2,017.7 2,954.5 4 0.3 0.4 290 3,287.6 4,845.6 Senegal 105 1,618.0 2,339.5 35 9.0 11.8 33 492.7 695.2 7 12.9 14.2 180 2,132.5 3,060.7 Sierra Leone 36 250.4 361.8 29 5.7 7.6 3 14.9 21.0 4 2.8 3.6 72 273.8 393.9 Somalia 3 12.9 15.7 14 5.9 9.1 4 36.1 46.2 51 11.9 16.8 72 66.8 87.8 Sudan 98 796.2 1,167.8 34 4.5 6.5 31 277.3 392.4 21 19.5 23.7 184 1,097.5 1,590.3 Suriname 17 133.0 193.6 8 0.5 0.7 4 53.8 77.0 2 0.1 0.2 31 187.4 271.5 Syria 30 438.5 638.3 7 1.4 2.2 25 108.2 129.5 10 1.0 1.5 72 549.2 771.4 Tajikistan 41 246.4 360.5 19 3.3 4.8 9 69.8 104.0 9 1.1 1.5 78 320.6 470.9 Togo 30 249.6 353.7 7 1.6 2.3 12 197.1 280.9 2 1.4 1.7 51 449.6 638.5 Tunisia 59 1,050.7 1,552.6 15 4.8 7.1 164 1,164.7 1,626.4 4 3.3 4.2 242 2,223.4 3,190.3 Turkey 80 2,628.9 3,783.1 15 4.0 5.2 351 5,252.0 7,312.0 6 17.3 20.7 452 7,902.1 11,121.1 Turkmenistan 14 1,011.5 1,450.6 4 0.8 1.1 0 0.0 0.0 1 0.2 0.3 19 1,012.5 1,452.0 U.A.E. 23 371.7 533.4 9 2.0 2.9 31 338.5 480.1 0 0.0 0.0 63 712.1 1,016.3 Uganda 32 442.3 655.9 22 3.6 4.8 6 40.2 53.9 9 3.4 4.5 69 489.4 719.1 Uzbekistan 37 990.4 1,481.6 5 0.8 1.1 21 212.7 311.6 8 1.4 1.9 71 1,205.2 1,796.1 Yemen 62 392.4 565.0 38 12.6 17.0 41 353.5 422.6 10 8.4 10.6 151 766.9 1,015.2 NON-MCs 24 132.4 194.0 1 3.3 5.0 7 90.0 134.3 1,036 222.2 303.5 1,068 447.9 636.8 Regional 17 565.5 840.7 454 79.1 116.9 7 301.2 424.9 70 45.3 62.9 548 991.2 1,445.5 Special 4 62.5 85.0 0 0.0 0.0 1 14.8 20.0 0 0.0 0.0 5 77.3 105.0 Net Approval 2,570 39,466.8 57,488.2 1,449 286.3 404.4 2,677 50,553.9 72,031.4 1,574 575.6 754.1 8,270 90,882.6 130,678.0 IDB-57 2,525 38,706.4 56,368.5 994 203.8 282.5 2,662 50,147.8 71,452.2 468 308.1 387.7 6,649 89,366.2 128,490.8 Of Which: IDB-Sub-Saharan Africa-22 1,089 10,634.0 15,416.3 534 121.2 164.9 307 4,628.2 6,589.5 219 127.1 152.2 2,149 15,510.5 22,322.9 IDB-Middle E & N Africa-18 782 14,819.5 21,609.5 284 54.6 76.9 1,279 18,957.7 26,740.1 143 93.5 122.3 2,488 33,925.3 48,548.8 IDB Asia & Latin America-9 364 6,260.1 9,140.8 84 11.3 16.7 653 20,418.1 29,474.2 63 61.9 81.1 1,164 26,751.3 38,712.8 IDB Europe & Central Asia-8 290 6,993 10,202 92 17 24 423 6,144 8,648 43 26 32 848 13,179 18,906 IDB-LDMC-25 1,220 10,783.0 15,655.4 604 138.6 190.1 595 16,230.6 23,652.2 287 212.8 262.0 2,706 27,365.0 39,759.7 IDB-Non-LDMC-32 1,305 27,923.4 40,713.1 390 65.2 92.4 2,067 33,917.2 47,799.9 181 95.3 125.6 3,943 62,001.2 88,731.1 IDB-Fuel-Exporters-18 597 11,648.7 16,960.0 249 46.5 65.0 785 8,507.2 11,936.7 103 56.6 72.2 1,734 20,259.0 29,033.9 IDB-Non-Fuel-Exporters-39 1,928 27,057.7 39,408.5 745 157.3 217.4 1,877 41,640.6 59,515.5 365 251.5 315.4 4,915 69,107.2 99,456.9 Gross Approval 3,285 47,933.6 69,475.3 1,585 322.9 456.7 3,270 55,327.5 78,799.4 1,627 584.5 766.5 9,767 104,168.5 149,497.9 (1) Cut-off date for data reported in this table was 31 March 2018 (14 Rajab 1439) (2) Figures are net cancellation (unless otherwise specified) and include ICD, UIF, IBP and APIF 1 Prepared by: Economic Research and Institutional Learning Department, Country Programs Complex Date of Issue: May 10, 2018
Annex 2: OCR-IDB Share Capital as of December 31, 2017 Authorized Capital : ID 100 Billion. S/N Shareholder Date Joined (dd/mm/yyyy) Subscribed Capital IDM Paid-up Capital IDM 1 Afghanistan 20.10.1976 9.9 4.1 2 Albania 21.08.1993 9.2 2.5 3 Algeria 12.08.1974 1,285.6 134.3 4 Azerbaijan 04.07.1992 50.9 5.4 5 Bahrain 21.10.1974 72.5 7.0 6 Bangladesh 12.08.1974 510.0 54.6 7 Benin 03.03.1984 20.8 5.8 8 Brunei 03.04.1986 128.4 13.7 9 Burkina Faso 15.03.1978 90.2 13.5 10 Cameron 28.03.1977 128.4 12.0 11 Chad 26.03.1977 9.8 4.7 12 Comoros 11.03.1980 13.0 0.6 13 Cote D' Ivoire 02.07.2002 13.0 2.5 14 Djibouti 11.03.1980 5.0 1.6 15 Egypt 12.08.1974 3,579.7 375.6 16 Gabon 03.03.1981 54.6 12.7 17 Gambia 11.03.1980 25.8 2.6 18 Guinea 12.08.1974 45.9 9.1 19 Guinea Bissau 16.11.1978 5.0 2.2 20 Guyana 19.05.2016 2.5 0.3 21 Indonesia 12.08.1974 1,138.0 132.2 22 Iran 22.02.1989 4,174.6 463.8 23 Iraq 23.09.1978 135.1 14.2 24 Jordan 12.08.1974 219.8 24.4 25 Kazakhstan 16.05.1996 54.0 5.7 26 Kuwait 12.08.1974 3,500.0 560.7 27 Kyrgyz 03.11.1993 25.8 2.7 28 Lebanon 28.03.1977 35.8 5.3 29 Libya 24.08.1974 4,771.7 444.3 30 Malaysia 12.08.1974 823.1 86.4 31 Maldives 11.03.1980 25.8 2.8 32 Mali 15.03.1978 50.9 5.3 33 Mauritania 12.08.1974 35.8 4.9 34 Morocco 12.08.1974 256.7 26.9 35 Mozambique 30.11.1995 25.8 2.7 36 Niger 12.08.1974 90.2 7.3 37 Nigeria 08.06.2005 3,874.5 209.8 38 Oman 12.08.1974 142.6 15.0 39 Pakistan 12.08.1974 1,285.6 134.7 40 Palestine 23.06.1977 19.6 5.7 41 Qatar 12.08.1974 3,632.4 384.5 42 Saudi Arabia 12.08.1974 11,896.8 1,321.6 43 Senegal 20.11.1976 147.8 9.4 44 Sierra Leon 24.05.1982 18.2 2.1 45 Somalia 12.08.1974 5.0 2.5 46 Sudan 12.08.1974 233.0 13.9 47 Surinam 07.12.1997 9.2 2.7 48 Syria 09.09.1975 18.5 5.0 49 Tajikistan 01.06.1997 18.2 2.7 50 Togo 18.11.1998 18.2 2.6 51 Tunisia 12.08.1974 36.4 10.6 52 Turkey 12.08.1974 3,263.8 342.5 53 Turkmenistan 15.11.1994 5.0 2.5 54 U.A.E. 12.08.1974 3,799.5 417.8 55 Uganda 28.03.1977 69.0 11.1 56 Uzbekistan 27.08.2003 13.4 2.8 57 Yemen 28.07.1975 258.6 24.8 Uncommited 426.2 Total 50,614.1 5,378.6
Annex 3: ICIEC Share Capital as of September 30, 2017 Authorized Capital : ID 400 Million. S/N Shareholder Date Joined (dd/mm/yyyy) Subscribed Capital ID Paid-in Capital ID 1 Afghanistan 2 Albania 30/01/2010 250,000 125,128 3 Algeria 23/04/1996 1,000,000 499,280 4 Azerbaijan 5 Bahrain 06/03/1999 3,625,000 1,890,271 6 Bangladesh 11/05/1993 500,000 249,531 7 Benin 08/08/2001 250,000 124,719 8 Brunei 15/09/1999 250,000 124,958 9 Burkina Faso 26/03/2002 680,000 478,314 10 Cameroon 18/11/1998 250,000 125,000 11 Chad 19/02/1993 250,000 125,360 12 Comoros 05/09/2012 250,000 50,499 13 Côte D'Ivoire 10/01/2010 250,000 57,887 14 Djibouti 08/08/2004 250,000 52,544 15 Egypt 30/12/1992 6,703,000 3,351,500 16 Gabon 01/04/2008 250,000 56,657 17 Gambia 01/03/1996 500,000 125,119 18 Guinea 22/07/1997 250,000 125,033 19 Guinea-Bissau 20 Guyana 21 Indonesia 24/04/1993 500,000 125,140 22 Iran 19/12/1996 10,000,000 5,002,273 23 Iraq 08/09/2013 250,000 125,034 24 Jordan 21/04/1993 500,000 250,000 25 Kazakhstan 02/01/2003 6,500,000 3,386,731 26 Kuwait 13/07/1994 7,500,000 3,750,000 27 Kyrgyz Republic 28 Lebanon 17/08/1995 500,000 125,593 29 Libya 06/02/1993 1,500,000 750,379 30 Malaysia 01/08/1994 2,740,000 1,369,968 31 Maldives 32 Mali 04/09/1993 250,000 124,630 33 Mauritania 18/07/1995 250,000 124,476 34 Morocco 08/02/1997 5,000,000 2,500,834 35 Mozambique 28/12/2009 250,000 61,552 36 Niger 04/03/2003 250,000 66,271 37 Nigeria 21/03/2007 2,187,000 1,093,956 38 Oman 02/09/2009 500,000 124,779 39 Pakistan 08/05/1993 2,500,000 1,253,997 40 Palestine 19/07/2012 250,000 62,500 41 Qatar 24/04/2000 5,000,000 249,962 42 Saudi Arabia 03/12/1992 60,000,000 30,018,053 43 Senegal 19/09/1995 250,000 120,868 44 Sierra Leone 45 Somalia 46 Sudan 10/07/1995 750,000 108,300 47 Suriname 48 Syria 01/02/1998 250,000 124,957 49 Tajikistan 50 Togo 51 Tunisia 22/02/1993 1,000,000 509,134 52 Turkey 30/07/1997 5,000,000 2,500,000 53 Turkmenistan 54 U.A.E. 11/07/2000 7,500,000 3,737,042 55 Uganda 04/02/1999 250,000 123,429 56 Uzbekistan 57 Yemen 30/12/1996 1,000,000 374,225 Sub-total 137,935,000 65,725,883 Islamic Development Bank 150,000,000 75,002,027 G. total 287,935,000 140,727,910
Annex 4: ICD Share Capital as of April 30, 2018 Authorized Capital: US$ 4 billion S/N Shareholder Date Joined (dd/mm/yyyy) Subscribed Capital (US$) Paid-in Capital (US$) 1 Afghanistan 30/05/2007 390,000 109,800 2 Albania 06/04/2000 146,471 76,441 3 Algeria 11/03/1999 11,121,507 8,155,406 4 Azerbaijan 11/03/1999 1,092,485 1,092,485 5 Bahrain 11/03/1999 1,028,666 1,050,669 6 Bangladesh 11/06/1999 11,141,931 6,685,655 7 Benin 08/02/2002 382,125 337,732 8 Brunei 07/07/2000 1,099,939 660,086 9 Burkina Faso 18/06/2000 2,250,717 1,700,457 10 Cameroon 29/06/2000 1,861,448 812,329 11 Chad 08/06/2009 110,000 0 12 Comoros 06/04/2008 40,000 0 13 Côte D'Ivoire 06/03/2009 3,157,642 1,708,997 14 Djibouti 27/09/2003 109,248 118,248 15 Egypt 11/03/1999 24,186,113 15,817,210 16 Gabon 26/01/2000 557,168 557,168 17 Gambia 11/03/1999 953,575 349,595 18 Guinea 11/03/1999 1,099,939 806,704 19 Guinea-Bissau 11/02/2002 305,515 142,023 20 Guyana 21 Indonesia 11/03/1999 22,242,649 13,337,529 22 Iran 11/03/1999 62,604,864 29,214,622 23 Iraq 07/09/2002 2,687,513 2,687,513 24 Jordan 11/03/1999 3,554,482 2,607,530 25 Kazakhstan 29/02/2000 1,125,255 1,125,195 26 Kuwait 11/03/1999 77,532,800 40,503,490 27 Kyrgyz Republic 15/05/2000 32,775 32,775 28 Lebanon 04/09/2000 448,060 207,572 29 Libya 11/07/1999 94,229,429 39,644,104 30 Malaysia 06/02/2000 14,237,929 10,440,120 31 Maldives 06/11/2000 347,275 347,275 32 Mali 26/01/2000 779,794 534,773 33 Mauritania 11/03/1999 655,795 887,251 34 Morocco 11/03/1999 1,037,861 1,037,861 35 Mozambique 23/07/2001 303,306 275,306 36 Niger 11/03/1999 426,068 426,068 37 Nigeria 22/05/2013 35,066,479 19,848,476 38 Oman 11/03/1999 530,000 0 39 Pakistan 09/02/2003 11,121,507 8,075,864 40 Palestine 11/03/1999 1,213,316 342,916 41 Qatar 11/03/1999 21,810,536 21,810,535 42 Saudi Arabia 11/03/1999 416,493,380 273,858,056 43 Senegal 11/03/1999 2,179,939 513,468 44 Sierra Leone 01/01/2000 2,449,430 416,683 45 Somalia 22/05/2013 160,000 0 46 Sudan 11/03/1999 2,952,096 1,343,371 47 Suriname 11/03/1999 234,242 171,745 48 Syria 02/02/2000 486,081 308,081 49 Tajikistan 07/07/2000 71,273 52,025 50 Togo 08/08/2007 70,000 0 51 Tunisia 11/03/1999 1,782,037 1,299,470 52 Turkey 09/03/2001 27,528,889 16,517,942 53 Turkmenistan 22/12/2011 65,984 65,984 54 U.A.E. 11/03/1999 35,458,023 29,549,677 55 Uganda 06/03/2000 526,068 426,068 56 Uzbekistan 14/09/2004 108,728 108,728 57 Yemen 06/10/2000 1,037,861 1,037,861 Sub-total 904,626,213 559,236,940 1 Islamic Development Bank 659,678,451 534,681,958 2 MC's Financial Institutions 192,930,000 125,670,000 G. total 1,757,234,664 1,219,588,898
Annex 5: ITFC Share Capital as of March 31, 2018 Authorized Capital: US$ 3 billion S/N Shareholder Date Joined (dd/mm/yyyy) Subscribed Capital US$ Million Paid-up Capital US$ Million 1 Afghanistan 2 Albania 3 Algeria 30/05/2006 6.08 6.08 4 Azerbaijan 22/05/2013 0.50 0.50 5 Bahrain 30/05/2006 1.85 1.85 6 Bangladesh 30/05/2006 2.02 2.02 7 Benin 24/02/2007 0.50 0.50 8 Brunei Darussalam 30/05/2006 5.82 5.82 9 Burkina Faso 30/05/2007 0.75 0.75 10 Cameroon 30/05/2006 0.02 0.02 11 Chad 12 Comoros 13 Cote D Ivoire 24/02/2007 0.85 0.75 14 Djibouti 24/02/2007 0.50 0.50 15 Egypt 30/05/2006 15.13 15.13 16 Gabon 30/05/2006 0.22 0.22 17 Gambia 24/02/2007 0.50 0.50 18 Guinea 19 Guinea-Bissau 20 Guyana 21 Indonesia 30/05/2006 2.06 2.06 22 Iran 30/05/2006 86.92 1.92 23 Iraq 04/06/2008 8.50 8.50 24 Jordan 30/05/2006 1.30 1.30 25 Kazakhstan 26 Kuwait 30/05/2006 48.21 48.21 27 Kyrgyz Republic 28 Lebanon 30/05/2006 0.61 0.61 29 Libya 30/05/2006 1.39 1.39 30 Malaysia 30/05/2006 28.98 28.98 31 Maldives 32 Mali 33 Mauritania 24/02/2007 1.00 0.33 34 Morocco 30/05/2006 5.10 5.10 35 Mozambique 24/02/2007 0.60 0.60 36 Niger 24/02/2007 0.50 0.00 37 Nigeria 30/05/2007 10.00 10.00 38 Oman 39 Pakistan 30/05/2006 8.43 8.43 40 Palestine 30/05/2006 1.84 1.84 41 Qatar 24/02/2007 10.00 10.00 42 Saudi Arabia 30/05/2006 145.57 120.00 43 Senegal 30/05/2006 0.48 0.48 44 Sierra Leone 45 Somalia 30/05/2006 0.72 0.72 46 Sudan 30/05/2006 0.93 0.77 47 Suriname* 18/05/2017 0.50 0.00 48 Syria 30/05/2006 1.85 1.85 49 Tajikistan 50 Togo 51 Tunisia 30/05/2006 5.60 5.60 52 Turkey 30/05/2006 35.36 29.15 53 Turkmenistan 54 U.A.E. 30/05/2006 1.84 1.84 55 Uganda 30/05/2006 0.49 0.49 56 Uzbekistan 57 Yemen 24/02/2007 1.00 0.99 Sub-Total 444.52 325.80 Islamic Development Bank 30/05/2006 266.37 266.37 MC's Financial Institutions 145.30 138.06 Total 856.19 730.23 *Suriname subscription is not called yet