Of azerbaijan high technical educational institutions

PAHTEI 
PROCEEDINGS OF AZERBAIJAN HIGH TECHNICAL EDUCATIONAL INSTITUTIONS 
VOLUME 27 ISSUE 04 2023 
E-ISSN: 2674-5224 
region; financing of projects and development programs at the expense of own resources; to assist 
countries in coordinating their policies and development plans with the aim of convergence of 
regional economies and stimulation of intra-regional trade; providing technical assistance for the 
preparation, financing and implementation of investment projects and programs. The agreement 
on the establishment of the ADB states that only the Asia-Pacific Region (APR), as well as 
countries that are not located in the Asia-Pacific Region, but are of the UN or its special states that 
are members of the institutions can become members of the Bank. To date, the membership of the 
Bank includes 68 countries, of which 49 are regional participants and 19 are non-regional 
participants. 
The Islamic Development Bank operates widely in the sectors of science, technology and 
innovation, health, education, infrastructure, transport, energy, trade. IDB loans are completely 
different from loans given by traditional banks. Any company or project investing in these banks 
requires maximum transparency of the transaction and equal participation of the total profit in 
both profit and loss. Thus, Shariah equates the role and capabilities of the financed party and the 
investor. An Islamic bank transfers the loan base of its financial business to investment by 
opening an account that collects depositors' money. With these funds, the bank finances 
entrepreneurs. However, instead of traditional interests, the profit of the entrepreneur is shared 
with the bank and, in turn, the investor. Depending on the special mechanisms and tools of the 
Islamic banking system, losses are spread. The basic principle is as follows: the interest of a bank 
or depositor is not guaranteed initially, but arises as a derivative of commercial profit. The bank's 
income consists of income redistribution.