ISLAMIC DEVELOPMENT BANK GROUP

IDBG OPERATIONSAT A GLANCE

IDBG OPERATIONSAT A GLANCE

Q-1 2018Update

ABDINASIR MOHAMUD NUR

MAY, 2018

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IDB GROUP OPERATIONS AT A GLANCE1

Q1 - 2018

Preamble

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.

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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.

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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

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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

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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

Annex 1: CUMMULATIVE IDB GROUP OPERATIONS BY MAJOR MODES OF FINANCING (01 JANUARY-1976 TO 31 MARCH-2018)

(1)

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)

Prepared by: Economic Research and Institutional Learning Department, Country Programs Complex Date of Issue: May 10, 2018

(2) Figures are net cancellation (unless otherwise specified) and include ICD, UIF, IBP and APIF

Project Financing Technical Assistance (TA) Trade FinancingSpecial Assistance

OperationsGrand Total(2)

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Annex 2: OCR-IDB Share Capital as of December 31, 2017Authorized Capital : ID 100 Billion.

S/N ShareholderDate Joined

(dd/mm/yyyy)

Subscribed Capital

IDMPaid-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, 2017Authorized Capital : ID 400 Million.

S/N ShareholderDate 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 ShareholderDate 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 ShareholderDate Joined

(dd/mm/yyyy)

Subscribed

Capital US$

Million

Paid-up

Capital US$

Million

1 Afghanistan2 Albania3 Algeria 30/05/2006 6.08 6.084 Azerbaijan 22/05/2013 0.50 0.505 Bahrain 30/05/2006 1.85 1.856 Bangladesh 30/05/2006 2.02 2.027 Benin 24/02/2007 0.50 0.508 Brunei Darussalam 30/05/2006 5.82 5.829 Burkina Faso 30/05/2007 0.75 0.75

10 Cameroon 30/05/2006 0.02 0.0211 Chad12 Comoros13 Cote D’Ivoire 24/02/2007 0.85 0.7514 Djibouti 24/02/2007 0.50 0.5015 Egypt 30/05/2006 15.13 15.1316 Gabon 30/05/2006 0.22 0.2217 Gambia 24/02/2007 0.50 0.5018 Guinea19 Guinea-Bissau20 Guyana21 Indonesia 30/05/2006 2.06 2.0622 Iran 30/05/2006 86.92 1.9223 Iraq 04/06/2008 8.50 8.5024 Jordan 30/05/2006 1.30 1.3025 Kazakhstan26 Kuwait 30/05/2006 48.21 48.2127 Kyrgyz Republic28 Lebanon 30/05/2006 0.61 0.6129 Libya 30/05/2006 1.39 1.3930 Malaysia 30/05/2006 28.98 28.9831 Maldives32 Mali33 Mauritania 24/02/2007 1.00 0.3334 Morocco 30/05/2006 5.10 5.1035 Mozambique 24/02/2007 0.60 0.6036 Niger 24/02/2007 0.50 0.0037 Nigeria 30/05/2007 10.00 10.0038 Oman39 Pakistan 30/05/2006 8.43 8.4340 Palestine 30/05/2006 1.84 1.8441 Qatar 24/02/2007 10.00 10.0042 Saudi Arabia 30/05/2006 145.57 120.0043 Senegal 30/05/2006 0.48 0.4844 Sierra Leone45 Somalia 30/05/2006 0.72 0.7246 Sudan 30/05/2006 0.93 0.7747 Suriname* 18/05/2017 0.50 0.0048 Syria 30/05/2006 1.85 1.8549 Tajikistan50 Togo51 Tunisia 30/05/2006 5.60 5.6052 Turkey 30/05/2006 35.36 29.1553 Turkmenistan54 U.A.E. 30/05/2006 1.84 1.8455 Uganda 30/05/2006 0.49 0.4956 Uzbekistan57 Yemen 24/02/2007 1.00 0.99

Sub-Total 444.52 325.80

Islamic Development Bank 30/05/2006 266.37 266.37MC's Financial Institutions 145.30 138.06

Total 856.19 730.23

*Suriname subscription is not called yet