A.	Multilateral Finance Institutions
	1. Islamic Development Bank (IDB) , Saudi Arabia   The Islamic Development Bank (IDB) is a Multilateral Development Bank (MDB), established to foster the economic development and social progress of its member countries and Muslim communities in non-member countries in accordance with the principles of Shari’a (Islamic Law). The Islamic Development Bank is an international financial institution established in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah in Dhul Q'adah 1393H, corresponding to December 1973. The Inaugural Meeting of the Board of Governors took place in Rajab 1395H, corresponding to July 1975, and the Bank was formally opened on 15 Shawwal 1395H corresponding to 20 October 1975. The Bank's principal office is in Jeddah in the Kingdom of Saudi Arabia. Two regional offices were opened in 1994; one in Rabat, Morocco, and the other in Kuala Lumpur, Malaysia. In July 1996, the board of Executive Directors also approved the establishment of an IDB Representative Office at Almaty, Kazakhstan, to serve as a link between IDB member countries and Central Asian Republics. The office became operational in July 1997 and is now a full-fledged Regional Office. The Bank also has field representatives in eleven member countries. These are: Indonesia, Iran, Kazakhstan, Libya, Pakistan, Senegal, Sudan, Gambia, Guinea Bissau, Mauritania and Algeria. The share capital has been increased from time to time and as of September 2006 the IDB paid-up capital stands at ID 2.74 billion (US$ 4.1 billion).   2. Islamic Corporation for the Development of the Private Sector, Saudi Arabia   IDB Board of Governors approved the establishment of the Islamic Corporation for the Development of the Private Sector (ICD), during its 24th Annual Meeting, held in Jeddah on 24-25 Rajab 1420H (2-3 November 1999). ICD is an independent international multilateral financial institution created for the development of its Member Countries through investment in the private sector and the provision of financial services to that private-sector entities. The inaugural meeting of ICD's General Assembly was held on 6 Rabi II 1421H (8 July 2000). Based in Jeddah, KSA, it is a full-fledged international independent institution. Its authorized capital is US$ 1 billion and its paid-up capital is US$ 500 million. The structure of the subscribed capital is as follows: Islamic Development Bank (50%), member Countries (30%), public financial institutions of member countries (20%).
B.	Rating Agencies
	1. Capital Intelligence Ltd., Cyprus   Capital Intelligence (CI) has been providing credit analysis and ratings since 1985, and now rates over 340 financial institutions and corporates in 39 countries. A specialist in emerging markets, CI's geographical coverage includes the Middle East, the wider Mediterranean region, Central and Eastern Europe, South Asia, South-East Asia, the Far East, and North and South Africa.   2. JCR-VIS Credit Rating Co. Ltd., Pakistan   JCR-VIS Credit Rating Co. Ltd. (JCR-VIS) is approved by Securities & Exchange Commission of Pakistan and State Bank of Pakistan. JCR-VIS is operating as a “Full Service” rating agency providing independent rating services in Pakistan. JCR-VIS is a joint venture between Japan Credit Rating Agency, Ltd. (JCR) - Japan's premier rating agency, Vital Information Services (Pvt.) Limited (VIS) – Pakistan’s only data bank and financial research organization, Karachi Stock Exchange and Islamabad Stock Exchange.
C.	Banks and Insurance Companies
	1. Kuwait Turkish Participation Bank Inc., Turkey   Kuveyt Turk is a Participation Bank established in 1989 to operate in accordance with terms set forth by the Council of Ministers' Decree dated Dec. 16, 1983. Until they became subject to the Banking Law in 1999, activities of Special Finance Houses were conducted by Council of Ministers Decrees on the one hand and by Directives of the Central Bank and the Under secretariat of Treasury on the other hand. Starting from December 1999, Kuveyt Türk has become subject to the Banking Law no. 4389 just as other Special Finance Houses. Kuveyt Türk, started its operations with two branches, its head office and the Sirkeci Branch, now has 78 branches. Kuveyt Türk, in parallel to its vision of becoming an international finance house, is preparing to open branch and representative offices abroad as well. Total assets as on 31st December 2006 were 2.9 billion (YTL).   2. Bahrain Islamic Bank B.S.C., Bahrain   Bahrain Islamic Bank (BlB) was established in 1979 as the first Islamic commercial bank in the Kingdom of Bahrain. The Bank, with 12 local branches, has established the largest network of branches among Islamic banks in the Kingdom. These branches offer quality banking services, financing and investment opportunities compliant with Shari’a requirement for individual and corporate customers. The authorized capital is BD 50 million and paid up capital is BD 28.3 million as of December 2006.   3. Arcapita Bank B.S.C., Bahrain   First Islamic Investment Bank E.C., established in 1997, headquartered in Bahrain, with a U.S. subsidiary based in Atlanta, operates under an Investment Banking license granted by the Bahrain Monetary Agency. The Bank has paid-up share capital of US$112.5 million provided by over 80 prominent individuals and institutions from the Middle East and Malaysia. The Bank's main lines of business are direct investment, real estate and asset management. Direct investment is operated through the US subsidiary; Crescent Capital Investments Inc. Arcapita has a balance sheet footing of $2.7 billion and an equity capital base in excess of $800 million. Arcapita has completed investments with a total transaction value of over $18 billion in its four lines of business, corporate investment, real estate investment, asset-based investment and venture capital. The Bank employs 243 people at its four offices in Bahrain, Atlanta, London and Singapore.   4. Abu Dhabi Islamic Bank, United Arab Emirates   Abu Dhabi Islamic Bank was established on 20th May 1997 as a Public Joint Stock Company through the Amiri Decree No. 9 of 1997. The Bank commenced commercial operations on 11th November 1998, and was formally inaugurated by His Highness Sheikh Abdullah Bin Zayed Al Nahyan, UAE. ADIB commenced its operations with a paid-up capital of One Billion Dirhams divided into hundred million shares, the value of each share being ten dirhams. The shares are quoted on the Abu Dhabi Securities Market. The banks shareholder’s extraordinary general assembly which was held on 26th March 2006 authorized and approved the increase of paid up share capital of the Bank from AED 1000,000,000 to AED 1500,000,000 through issuance of bonus shares at one bonus share for each five share issued and outstanding and a right issues of 30,000,000 shares at AED 10 per share fully subscribed and paid by 30th June, 2006.   5. Takaful Malaysia, Berhad, Malaysia   Syarikat Takaful Malaysia Berhad (Takaful Malaysia) was incorporated on the 29th of November 1984 with an authorized capital of RM500 million and a paid-up of RM10 million. It commenced operation on the 22nd of July, 1985 prior to its official launching on the 2nd of August 1985 by the then Prime Minister of Malaysia, Tun Dr. Mahathir Mohamed. The capital structure since then has been further enhanced arising out of the restructuring exercise at the end of 2004.The paid-up share capital of Takaful Malaysia stands at RM152.643 million as on December 2006.   6. First Investment Company K.S.C., Kuwait   First Investment Company (FIC) was established in Kuwait in 1997 as an Islamic investment company registered with the Central Bank of Kuwait with a paid up capital of 17 million Kuwaiti Dinars (approx 55 million USD) and current capital as of 2006 is 41,583,802 Kuwati Dinars . Its paid up capital was contributed by a selection of major institutions in Kuwait such as the Ministry of Endowments (Awqaf) and Islamic affairs, the General Organization for Social Security, the Public Authority for Minors and a range of companies and prominent business people in Kuwait.   7. Pakistan Kuwait Investment Company (Pvt.) Ltd., Pakistan   Pakistan Kuwait Investment Company (Private) Limited is a leading Financial Institution engaged in investment and development banking activities in Pakistan. Pak Kuwait is a 50:50 joint venture between the Governments of Pakistan and Kuwait and was established in 1979 with a paid-up capital of Rs. 250 million contributed equally by the two joint venture partners and over the years paid-up capital has increased manifold and currently stands at Rs. 6 billion.   8. Arab Islamic Bank, Palestine   The Arab Islamic bank is committed to developing and introducing innovative and pioneering Islamic banking solutions and services that meet the highest quality standard through the continuous promotion of Islamic economic principles , teamwork approach ,staff training and valuing advice from all to better serve the community. Total asset reached US$ 144 million as of December 2006.   9. Dubai Islamic Bank, United Arab Emirates   Dubai Islamic Bank has the unique distinction of being the world’s first fully-fledged Islamic bank, a pioneering institution that has combined the best of traditional Islamic values with the technology and innovation that characterize the best of modern banking. Since its formation in 1975, Dubai Islamic Bank has established itself as the undisputed leader in its field, setting the standards for others to follow as the trend towards Islamic banking gathers momentum in the Arab world and internationally. Authorized capital as on 31st December 2006 was AED 3,000,000,000.   10. Bosna Bank International, Bosnia   The founders of BBI are some of the most powerful financial institutions in the Gulf with resources exceeding US$ 22 billion and they are supporting business development worldwide. On March 13, 2002 they received the permit for performing transactions in the internal payment operations from the Banking Agency of the Federation of B&H.   11. Al-Baraka Banking Group, Bahrain   Albaraka Banking Group (ABG) was incorporated in Bahrain on 27 June 2002 and is 55% owned by Shaikh Saleh Abdullah Kamel and 45% by Dallah Al Baraka Holding Company (E.C.), Bahrain. ABG operates under an offshore banking license and is holder of its shareholders’ interests in ten geographically diverse subsidiaries incorporated in Algeria, Bahrain, Egypt, Jordan, Lebanon, Pakistan, South Africa, Sudan, Tunisia and Turkey. The joining of the ten constituent banks under a single holding company, ABG, has not only created a group whose financial strength is greater than the sum of its parts, but has ideally placed it to take advantage of this growth in the industry and to expand to meet the challenges of that growth. ABG sees its mandate as the creation of an Islamic banking conglomerate that will provide its customers worldwide with a growing array of products and services strictly in conformity with the principles of the Shari’a. The extra ordinary meeting dated 20th March, 2006 approved the capitalization of US$ 14.4 million of the statutory reserve and an amount of US $ 107.7 million of the retained earning. As a result, the share capital increased to US$ 510 million in December 2006.   12. Jordan Islamic Bank, Jordan   Jordan Islamic Bank for Finance and Investment was established as a public shareholding company on 28th.Nov, 1978 and was licensed to practice financing, banking and investment activities in compliance with the provisions of the glorious Islamic Shari'a in accordance with the Special Law according to which the Bank was established. When the Bank's first branch commenced business on 22/9/1979, the paid-up capital was JD 2 million and authorized capital was JD 4 million. The paid up capital of the Bank now is USD 120 million.   13. Bank Islam Malaysia Berhad, Malaysia.   Bank Islam Malaysia Bread, a name synonymous with Islamic banking in Malaysia, continues to lead the way and to assume the role of trendsetter for Islamic banking. Commencing operations as Malaysia’s first Islamic bank on 1 July 1983, its establishment was primarily to cater for the financial needs of Muslims in the country and to further extend its services to the whole population at large. Set up with an initial authorized capital of RM600 million and a paid-up capital of RM79.9 million, the bank has gradually increased its authorized and paid-up capital to RM2 billion and RM563 million respectively, to accommodate the growth of its assets and to better position itself in meeting future expansion and growth