Islamic Development Bank

Islamic Development Bank

The Islamic Development Bank (#IsDB) Group is an MDB that promotes comprehensive, development in 57 Member Countries

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Industry
International Trade and Development
Company size
1,791 people
Headquarters
Jeddah, Jeddah 22332-2444
Founded
1975
Type
Government Agency
Total funding
$7.3B

The Islamic Development Bank (IsDB) Group is a global multilateral financial development institution established in 1975 to foster economic growth and inspire social progress among its 57 member countries and Muslim communities worldwide. Originality and Solidarity for Intergenerational Prosperity Headquartered in Jeddah, Saudi Arabia, The Group consists of five entities: Islamic Development Bank (IsDB), Islamic Development Bank Institute (IsDBI), Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Islamic Corporation for the Development of the Private Sector (ICD), International Islamic Trade Finance Corporation (ITFC) and has decentralized Regional Hubs in Asia and Latin America; Europe and Central Asia; the Middle East and North African; Sub-Saharan Africa and a Centre of Excellence in Malaysia, with a mission to promote comprehensive human development based on the principles of Islamic finance. IsDB maintains its pristine 'AAA' credit rating across all major credit rating agencies, affirming its unwavering financial strength since 2007. The Group believes: 1. Everyone has the right to live with dignity and aspire to prosperity, and nurturing economic growth is the best route out of poverty. 2. Equip people to drive their own economic and social progress at scale, putting the infrastructure in place to enable them to fulfil their potential. 3. Building collaborative partnerships between communities and nations and working towards the UN Sustainable Development Goals. 4. Foster innovative, ethical and sustainable solutions to the world's development challenges.

public and private sector financing investment trade financing insurance services information services technical assistance for capacity building technical cooperation among member countries sustainable development Resource mobilization and humanitarian assistance

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