Islamic Bank meetings in Jeddah

Meetings of the 206th session of the council of the Islamic Bank for Development IBD executive directors started on Sunday in Jeddah in order to consider financing several developmental projects in several IBD member states.

A statement by the IBD which takes Jeddah as a headquarters said that the council will discuss a report on the political status of the " al-Awqaf Fund" of the IBD and another report on the basic structure which has al- Manama as a headquarters.

The IBD council will also discuss several technical and administrative reports which deals with work progress in projects the bank finances in the member states.

Worthy mentioning that IBD member states tolled 53.