Fani bo’yicha O’quv-uslubiy majmua bilim sohasi

ISLAMIC PROGRESS BANK (IPB) – national bank. In 1974, the meeting of the foreign ministers of Muslim countries, adopted a decision on estaablishment of the bank, bank began its activity in 1975. Camp is situated in Jidda. The board of governors and the board of directors rule IPB. The president of the bank is elected for 5 years. Its aim – to help the development of the economic and sociality of Muslim countries. In Islam , it is forbidden to take advantage of money for this reason the percent is not given and taken.