UAE participates in 41st annual meeting of Islamic Development Bank

5/18/2016 7:40:36 AM

(MENAFN- Emirates News Agency (WAM))

ABU DHABI, 18th May, 2016 (WAM) -- The UAE has participated in the 41st Annual Meeting of the Islamic Development Bank, IDB, Group Board and meetings with affiliated institutions, which began yesterday in Jakarta, Indonesia.

Obaid Humaid Al Tayer, Minister of State for Financial Affairs, headed the UAE delegation which includes Khalid Ali Al Bustani, Assistant Under-Secretary of International Financial Relations at the Ministry of Finance, MoF, and a number of heads of departments and other officials of the Ministry.

The 41st Annual meeting of IDB discussed a number of topics, particularly the 41st IDB annual report, the approval of annual audited accounts for IDB and Endowment Fund in 1436H (2014-2015), selecting the external auditors for IBD, Waqf Fund and Awqaf properties investment fund as well as Waqf international organisations. A percentage of IDB's net income will be allocated for technical assistance operations and scholarship programmes for bright students in member countries, and Islamic financial services industry for 1436H (2014-2015).

WAM/Esraa/Moran

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