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 is mandated to foster socio-economic development of its member countries and Muslim communities in non-member countries, in accordance with the principles of Shariah (Islamic Law). IDB Group Vision is “To be the leader in fostering socio-economic development in member countries and Muslim communities in non-member countries in conformity with Shariah”. The Mission statement is ”The IDB Group is committed to alleviating poverty; promoting human development; science and technology; Islamic economics; banking and finance; and enhancing cooperation amongst member countries, in collaboration with our development partners”.
Islamic Development Bank Group Internship Program in Indonesia
The Islamic Development Bank (IsDB) Group Regional Hub Indonesia is seeking qualified persons to participate in its Internship Program.
IsDB Internship Program provides a wide range of opportunity to gain insight into the work of Islamic Finance and Development. Fresh graduates and undergraduate students from diverse academic backgrounds will be assigned in the IsDB Regional Hub Indonesia office, where their educational experience can be enhanced through practical work assignments.
The program is open for applications four times a year. IsDB Regional Hub Indonesia will only accept full-time interns for a minimum of 2 months and a maximum of 3 months, with the possibility of extension subject to the performance evaluation and the approval of the IsDB Regional Hub Indonesia.
Candidates applying to the program should meet the following criteria:
Minimum GPA of 3.00 (0-4 scale)
Freshly graduated with Bachelor’s degree (2015 and 2016) or senior undergraduate students in one of the following studies: Economics & Business, Development, International Relations, Environment, Engineering, and Communication.
Good communication skills: Proficiency in speaking and writing in English,
Computer literate in standard software applications,
Demonstrated keen interest in the fields of Development and Banking, and have a personal affinity to the IDB vision and mission,
Demonstrable skills in analytical thinking, communication, and research.
Ability to perform a variety of administrative tasks.
Consistently approach work with energy and positive, constructive attitude,
Demonstrated openness to change and ability to manage complexities,
Responds positively to critical feedback and differing points of view
Selected Interns joining the program will gain experience in the Public and Private sectors in the following fields:
Project and Corporate Finance
Export and Investment insurance
Upon completing the internship, interns will receive a recommendation (reference) letter to acknowledge their work in the IsDB Regional Hub Indonesia indicating their performance and achievements. Interns will receive opportunities to attend training and workshops provided by the Office if such training occurs during the Internship period. In addition, Interns will receive a certificate for attending the Islamic Finance training course to be provided by IsDB Group.
Intern’s scope of activities:
Interns may be assigned to assist IsDB Regional Hub Indonesia staff in the following tasks:
Annual programming for IsDB sovereign lending activities,
Business development and deal sourcing of PPPs and Private Sector,
Conducting appraisals (due diligence) on new projects,
Providing research and analysis on macro/micro economic related subjects,
Supporting in the execution/implementation of approved projects,
Assisting and reviewing Terms of References (TORs), Request for Proposals (RFPs) and Memorandums of Understanding (MOUs),
Assist in preparation of presentation and marketing materials,
Providing analysis on the effectiveness of IsDB Group projects in Indonesia,
Organizing events/workshops as applicable,
Providing administrative support and assistance to key activities,
Other tasks to be agreed upon.
The IsDB Regional Hub Indonesia will bear any expenses related to missions undertaken as part of the CGO activities.
All expenses connected with an Intern’s participation in the Program must be borne by:
The Intern, who will have to obtain financing for subsistence and make his/her own arrangements for travel (including to and from the office), accommodation, meals etc.
The nominating institution, related institution or government, which may provide the required financial assistance to its candidate;
Interested candidates shall send the following documents to the Regional Hub Indonesia (email@example.com) with “Internship Application” as subject:
Letter of endorsement from a senior faculty member who has directly supervised the student (preferable)
Health certificates declaring the applicants are fit for work from a public or private hospital.
The program is conducted quarterly (four times a year) and we look forward to receiving your applications. The upcoming batch will start in February 2019. Only shortlisted candidates will be contacted for final selection.