(c) Leasing: leasing falls under the category of medium-term financing. The mode is intended to finance development projects that are sufficiently profitable to meet market criteria. Leasing includes the purchase and subsequent transfer of the right to use the instrument to the beneficiary for a specified period of time during which IDB retains ownership of the asset. Funds are generally made available to beneficiary countries for a period of 7 to 12 years, including a lifespan of 2 to 3 years. IDB Award: To recognize, reward and promote creative efforts with outstanding merits in the fields of Islamic economics and banking, the Bank introduced awards in these two fields in 1408H (1988). Each prize consists of a quote with the bank`s emblem and (b) a cash prize of ID 30,000 (approximately $40,000). (i) Technical assistance: the IDB provides technical assistance (TA) to Member States. It is financed from both the Bank`s regular resources and the Waqf Fund and is made available in the form of loans and/or grants for the identification, preparation and implementation of projects. The Bank`s technical assistance program is complemented by the Islamic Research and Training Institute (IRTI), a branch of the IDB, in the form of short-term conferences, seminars, workshops and expert exchanges. In addition, the Bank finances advisory services to help its staff prepare and rework projects.

Technical assistance is provided to carry out feasibility studies, detailed projects or planning of the Institute`s buildings. Pilot projects are also funded by technical assistance. With regard to the provision of technical assistance, priority is given to projects in the least developed countries and to regional projects. Technical assistance has often been used for agricultural development, the promotion of joint ventures in the field of food security, the improvement of regional cooperation and the development of infrastructure. About 69 per cent of technical assistance was provided in the form of grants, with the remainder being provided. By the end of 1418 H, the Bank had authorized a total of 249 operations worth ID 85 million ($106 million). (d) Public services: this is also one of the main growth sectors among IDB member countries, which requires greater investment to finance new projects and modernize and expand existing facilities. Given the number of operations approved in 1418, the overall financing structure is in line with the overall sub-priorities of the Bank`s Strategic Agenda. This trend is now more pronounced than in previous years, with a greater number of Country Assistance Strategy Studies (CASS). This new trend towards financing, which reflects the effects of CASS, is reflected in the number and type of projects funded, which include science and technology, renewable energy, poverty alleviation, capacity building, integrated rural development and regional integration. (a) Transport and communications: traffic is civilization.

It is therefore not surprising that the IDB has given the highest priority to this sector. . . .