Islamic Chamber of Commerce

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Organ of the Organization of the Islamic Conference. Established in 1977 to promote trade, industry, and agriculture throughout the Islamic world; preferential terms of trade for members; cooperation between Islamic nations in finance, banking, insurance, and communications; arbitration of industrial and commercial disputes; fairs and joint showrooms, exhibits, seminars, lectures, and publicity campaigns; and the eventual establishment of an Islamic economic community. Composed of federations, unions, and national chambers of commerce in forty-six countries. Consists of a general assembly, executive committee, general secretariat, president, and six vice presidents. Funded by contributions from member countries according to a formula based on per capita incomes.

Subjects: Islam.

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