Islamic Development Bank

E45116

The Islamic Development Bank is a multilateral development finance institution that provides Sharia-compliant funding and support for economic and social development in member countries of the Islamic world.


Statements (91)
Predicate Object
instanceOf Islamic finance institution
international financial institution
multilateral development bank
cooperatesWith African Development Bank
Arab Fund for Economic and Social Development
Asian Development Bank
World Bank
foundedBy Organization of the Islamic Conference
member states of the Organization of Islamic Cooperation
fundingType Sharia-compliant finance
hasMainOrgan Board of Executive Directors
Board of Governors
hasMember Afghanistan
Albania
Algeria
Azerbaijan
Bahrain
Bangladesh
Bosnia and Herzegovina
Brunei
Burkina Faso
Cameroon
Chad
Comoros
Djibouti
Egypt
Gambia
Guyana
Indonesia
Iran
Iraq
Jordan
Kazakhstan
Kuwait
Kyrgyzstan
Lebanon
Libya
Malaysia
Maldives
Mali
Mauritania
Morocco
Mozambique
Niger
Nigeria
Oman
Pakistan
Palestine
Qatar
Saudi Arabia
Senegal
Sierra Leone
Somalia
Sudan
Suriname
Syria
Tajikistan
Tunisia
Turkey
Turkmenistan
Uganda
United Arab Emirates
Uzbekistan
Yemen
hasObjective foster economic development in member countries
promote Islamic principles in economic activities
promote social progress in member countries
headquartersLocation Jeddah
Saudi Arabia
inception 1973
legalForm international organization
memberOf Islamic Development Bank Group
officialLanguage Arabic
English
French
operatesInSector Islamic finance
development finance
human development
infrastructure development
poverty alleviation
technical assistance
trade finance
prohibits interest-based lending
regionServed member states of the Organization of Islamic Cooperation
religiousPrinciple Sharia
shortName IsDB
startOfOperations 1975
usesInstrument ijara
istisna
murabaha
sukuk


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