CINVU | COMSTECH Inter-Islamic Network on Virtual Universities
CINVU at a Glance

Comprehensive Cooperation Bylaws of CINVU Members

Part 5) Economic Cooperation Based on Commercialization of Knowledge, Technology & Knowledge.Based Products

Introduction:

All educational, research, cultural, social and generally scientific and technological activities will not guarantee the authority of countries and their future until they result in the creation of added value in Islamic societies one of the important missions of CINVU is to create connections between members and, as a result, facilitate the creation of achievements and their introduction to countries to exploit the capacities and capabilities of scientific and technological institutions and, as a result, the public bodies of countries that in this section, important financial cooperation solutions and other strategic.executive cooperation resulting in the output will be mentioned in detail.

A) Members' Strategic Information & Communication Bank:

1. All the capabilities available in the institutions with the aim of creating added value in the countries will be presented in the form of a network information and communication bank with the cooperation of all the member institutions, the economic committee and the permanent secretariat of CINVU.
2. This information and communication bank will be exposed to all members in the comprehensive CINVU system and in the relevant section.
3. All executive matters related to economic cooperation and commercialization of knowledge are carried out in cooperation with the economic committee and permanent secretariat of CINVU and member institutions.
4. The description of the duties of CINVU Economic Committee is as follows:
4.1. Drawing the current and desired situation (identification, study, feasibility) of this field and determining the policies, instructions and strategic policies of providing capital with the Islamic financing model for CINVU activities in line with the mission of commercialization;
2.4. Strategic.operational planning in order to provide capital through the member countries, comprehensive analysis of resources, communication with the Islamic Development Bank, international assemblies and other custodian and Islamic financier institutions for the exploitation of CINVU members and the model Creating for other networks in the field of financing in various fields of science, technology, economy, culture, agriculture, medicine, law, human and technical knowledge, industries, mines, petrochemical, IT, medicinal plants, etc;
4.3. Planning for the provision of physical facilities (tools, data centers, IT facilities, personnel, provision of start.up costs, etc.) of the network in order to develop and expand the required educational spaces and take action regarding the provision of construction credit CINVU requirement;
4.4. Coordinating for the management of allocated credits to member institutions and other units in cooperation with the CINVU Permanent Secretariat according to CINVU's financial regulations and providing the necessary proposals in related fields to the Secretary General;
4.5. Preparing, compiling and indexing financial reports based on international economic cooperation and creating a comprehensive database of all documents and submitting it to the secretariat;
4.6. Providing advice on drawing the current and desirable state of the network with the approach of commercializing technology and knowledge in various fields of virtual universities in Islamic countries;
4.7. Cooperation with the CINVU permanent secretariat in matters related to personnel organization in the field of financial documents, payments, missions, contracts, rights, facilities, selection, strategic council committees and other administrative and financial requirements;
4.8. Cooperation and participation in preparing and compiling strategic and operational plans of CINVU and member institutions and presenting comprehensive plans in the field of transformation of management and resources and large income generation for CINVU;
4.9. Providing advice regarding feasibility, business plans, analysis of the existing situation and other requirements for the coordination of components for business plans;
4.10. Initial proposal of the text of contracts, agreements, declarations and agreements related to the economic field and commercialization of knowledge and smart technology;
4.11. Performing operational SWOT analysis for all plans related to CINVU and other networks and communications with member countries and other countries of the world.
5. Implementation of financial affairs according to the statutes is done through the Secretary General and with his approval.
6. All member institutions will upload the method of benefiting from the economic capacities in the form of a proposal or preliminary plan in the CINVU comprehensive system in the relevant section.
7. The contribution amount of each member will be mentioned according to the type of activity in each project in the form of a meeting minutes, contract, letter or any other legal way.
8. Members' participation can be considered financially or benefiting from organizational capacity, human resources, infrastructure and other related matters that have economic value for cooperation.
9. The percentage of providing CINVU services from each transaction or financial action will be determined proportionately.
10. CINVU and COMSTECH with continuous and effective correspondence, to attract credits and also facilities from aligned and related international organizations such as COMCEC, IDB and other organizations fully support the activities of the committee and member institutions.
11. Processes related to the commercialization of knowledge and knowledge.based products will be compiled and presented by the economic committee and members.
12. The member institutions will have full cooperation with the economic committee and other departments.

B) The Method of Interactions & Financial Exchanges of Members in the Commercialization of Knowledge & Products:

1. It will be possible to establish a credit institution in one of the member countries in order to carry out financial exchanges through digital currencies after the infrastructure related to this field is provided with the cooperation of the economic committee and member institutions through the permanent secretariat that carrying out this process prevents losses caused by currency fluctuations and changes in the floating rate of the monetary bases of countries.
2. Due to the expansion of exchanges, it is possible to proceed with the establishment of a bank in the form of the economic committee of the Organization of Islamic Cooperation by going through the relevant processes.
3. A digital currency with scientific and technological support will be introduced by the economic committee to carry out exchanges and transactions, and this currency is approved and accepted by all members.
4. The creation of an international virtual store of science and technology in the Islamic world in order to introduce and sell knowledge.based products is placed on the agenda of the economic committee and member institutions of CINVU and considering that these exchanges and transactions take place on the platform of CINVU, a percentage of the sales of the products will be assigned to this organization, which will be agreed upon.
5. This store will have international reputation in the Islamic world, especially the 57 Islamic countries that are members of the OIC.
6. Inventions and innovations made by member institutions and knowledge.based companies affiliated with the institutions and also member knowledge.based companies of CINVU, in the virtual store section of the CINVU comprehensive system and it will be defined exclusively for inventors and innovators with respect to intellectual and material property rights.
7. The creation of an innovation and inventions fund, if needed, can be established to provide special support to innovative activists in the Islamic world.
8. Attracting investors for all projects and innovations is on the joint agenda of the economic committee and member institutions.
9. The quality of implementation of information processes, capital attraction, economic justification plan, feasibility and transformation into a project will be compiled by the economic committee and member institutions.

C) Implementation of Economic Cooperation Based on Commercialization of Knowledge, Technology & Knowledge.Based Products:

1. The Secretary General of CINVU will issue appointments to all members of the Economic Committee of the Strategic Council of CINVU and other influential people in this field that heads and administrative and financial assistants of institutions, economic consultants, heads of knowledge.based companies affiliated with member institutions or direct members of CINVU, influential scientific, executive and legal figures in the Islamic world and other people who can advance these matters. play a role, they can be among its main members.
2. Financial discussions and payments of committee members and executive directors will be possible within CINVU frameworks.
3. Other duties of the said committee will be implemented gradually with the cooperation of the members.
4. It is possible to complete all the processes related to economic cooperation according to the presented titles within 6 months from the date of approval of the regulations in the CINVU comprehensive system with the cooperation of all members that the permanent secretariat and CINVU committees, in case of cooperation of all members, undertake to carry out processes and provide related infrastructures with the cooperation of knowledge.based institutions and companies of their mutual understanding.
5. Secretaries and members of some committees whose appointments were previously issued by the Secretary General of CINVU, their activities will be valid according to the announced appointments, as long as the Secretary General has not given them a new notification.

D) Other Strategic.Executive Cooperation:

1. Other related cooperation with CINVU members, within the framework of other council committees such as:
  • Media cooperation;
  • Cooperation between start.ups and knowledge.based companies;
  • IT Committee;
  • Progress structure;
  • Quranic sciences and knowledge;
  • Medical education, health and treatment.
And other committees that will be necessary for the activities are possible that according to the formation of the relevant committees, cooperation is carried out.
2. To carry out any cooperation between member institutions and CINVU, a cooperation request registration portal will be created between members to be intelligently referred to the relevant committee for cooperation between members and to carry out processes through correspondence.
3. The CINVU automation system, under the title of CCMS, was created as an integrated portal for conducting correspondence and follow.ups related to the implementation of affairs so that members can establish strategic and executive communication intelligently under the supervision of CINVU.
4. Other matters that are not mentioned in this regulation and will need to be presented as an attachment in order to enrich and complete this document subsequently, as an inseparable attachment, this regulation will be compiled, presented and implemented with the participation of the members.
5. CINVU's permanent secretariat will always respond to questions and doubts and accept suggestions and criticisms to improve processes and advance CINVU's and members' goals and plans.