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Internships In Saudi Arabia: IsDB Internship Application Process 2024


September 26th, 2024 at 04:18 am

Internships In Saudi Arabia: IsDB Internship Application Process 2024

The IsDB Internship 2024 in Saudi Arabia provides students and recent graduates with a distinctive chance to acquire practical experience in a vibrant global setting. This paid internship, hosted by the Islamic Development Bank (IsDB), is open to foreign applicants. It enables participants to cultivate professional competencies while participating in significant projects in the development, finance, and social sectors. Interns acquire practical experience, networking prospects, and an understanding of IsDB’s programs aimed at enhancing global communities.

Concerning the Islamic Development Bank (IsDB)

The Islamic Development Bank (Arabic: IsDB) is an international development finance agency dedicated to Islamic funding for infrastructure development, situated in Jeddah, Saudi Arabia. There are 57 member states with shareholding, the largest single stakeholder being Saudi Arabia.

Established in 1973 by the Finance Ministers during the first Organisation of the Islamic Conference (now the Organisation of Islamic Cooperation), with the backing of the then King of Saudi Arabia, Faisal, it commenced operations on 3 April 1975.

On 22 May 2013, the IDB increased its permitted capital to $150 billion to enhance its services to Muslims in both member and non-member nations. The Bank has obtained AAA credit ratings from Standard & Poor’s, Moody’s, and Fitch.[7] Saudi Arabia possesses around twenty-five percent of the bank’s paid-up capital. The IDB serves as an observer in the United Nations General Assembly.

Membership

The current membership of the Bank comprises 57 nations. The fundamental requirement for membership is that the applicant country must be a member of the Organisation of Islamic Cooperation (OIC), remit its capital contribution to the Bank, and agree to the terms and conditions established by the IDB Board of Governors.

  • Saudi Arabia (22.5 percent)
  • Libya (9.03 percent)
  • Indonesia (7.94 percent)
  • Iran (7.90 percent)
  • Nigeria (7.33 percent)
  • Qatar (6.87 percent)
  • Egypt (6.77 percent)
  • Kuwait (6.62 percent)
  • United Arab Emirates (6.48 percent)
  • Turkey (6.17 percent)

Our activities

The Islamic Development Bank provides individuals with the necessary resources to construct a sustainable future for themselves, their communities, and their nations, establishing the infrastructure required for them to realize their full potential.

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We establish collaborative collaborations among communities and nations across our 57 member states. We unite the public and commercial sectors, along with civil society and the development sector, through Public Commercial Partnerships and collaborative initiatives, such as the IsDB/Gates Foundation Lives and Livelihoods Fund.

Also, we are preeminent authorities in Islamic finance, offering enduring, sustainable, and ethical financial frameworks to support our project investments. Over the past two decades, the IsDB has attained a AAA rating and emerged as the largest global issuer of Sukuk, which we utilize to support research and training aimed at advancing the future of Islamic banking and finance.

We promote innovative and sustainable solutions to the world’s most significant development concerns while advancing the UN Sustainable Development Goals.

We enhance the value chain of developing countries by investing in training, skills, research, and development, enabling them to generate and keep increased economic success domestically rather than exporting that value overseas.

Essential Information

Candidates for the IsDB Internship 2024 must be enrolled in a bachelor’s or master’s degree program, or be recent graduates who have completed their studies within the past six months. The program is accessible to persons from IsDB member countries as well as other nations. Interns are assigned to different departments based on their academic qualifications and interests, enabling them to gain significant knowledge in finance, economics, project management, and public policy, so enhancing their career opportunities.

The application process for the IsDB Internship 2024 is exceedingly tough. Candidates are required to submit a comprehensive CV, academic credentials, and a letter of motivation. Successful candidates will be awarded a monthly stipend for the internship duration in Jeddah, Saudi Arabia.

This internship provides an exceptional opportunity for emerging professionals to get international work experience, broaden their professional networks, and contribute to sustainable development initiatives in IsDB’s 57 member nations. Submit your application now to commence your career with the IsDB!

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Details of the IsDB Internship 2024:

  • Host Nation: Saudi Arabia
  • Host Institution: Islamic Development Bank (IsDB)
  • Internship Timeframe: 2 to 6 months
  • Eligibility: Students from both IsDB member and non-member nations

Advantages of the IsDB Internship in Saudi Arabia:

  • Monthly allowance for living expenditures.
  • Practical professional experience.
  • Opportunities for networking.
  • Exposure to culture in Saudi Arabia.

Eligibility Requirements for the IsDB Internship 2024 in Saudi Arabia:

  • Must be a full-time student (undergraduate or postgraduate) from an accredited institution with a minimum GPA of 3.5 on a 4.0 scale or 4.5 on a 5.0 scale.
  • Must be 30 years of age or younger.
  • Additionally, one must be a citizen of a member nation of the IsDB.
  • Obtain an official internship request from the university, validated by the registrar or graduate council.
  • Proficiency in English, both written and verbal, is required.
  • No previous internship experience with IsDB or its subsidiaries.
  • Must not necessitate a visa for entry or residence in Saudi Arabia.

What is the procedure for applying to the Islamic Development Bank Internship 2024?

  • Access the IsDB Website: Visit the official Islamic Development Bank (IsDB) careers page to access the internship application portal.
  • Fill out the Application Form: Complete the online application form with personal information, educational history, and internship selections.
  • Compile Necessary Documentation: Provide your curriculum vitae, academic transcripts, and an official internship request from your university.
  • Submit Online: Evaluate your application and submit it using the IsDB online portal before the deadline.
  • Await Confirmation: Candidates who have been shortlisted will be contacted for subsequent selection procedures.

Closing date:

The last day to apply for the Saudi Arabia IsDB Internship 2024 is October 10, 2024.

CLICK HERE TO VISIT THE OFFICIAL WEBSITE

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