Islamic Development Bank (ISDB)
Last updated on 05 Mar 2024
Key facts
The IsDB is a multilateral development bank working to improve the lives of those it serves by promoting social and economic development in Muslim countries and communities worldwide.
8111 King Khalid Street
Al Nuzlah Al Yamania
Dist. Unit No. 1
Jeddah 22332-2444
Saudi Arabia
+96 612 6366871
www.isdb.org
Al Nuzlah Al Yamania
Dist. Unit No. 1
Jeddah 22332-2444
Saudi Arabia
+96 612 6366871
www.isdb.org
PUBLIC
1975
Credit rating (S&P)
AAA
Foreign currency
Authorizations
FY 2022 authorizations top sectors
Transportation
39%
Agriculture
27%
Health
15%
Energy
12%
Education
4%
FY 2022 authorizations
Policies
- The present membership of the IDB consists of 57 countries, and the basic condition for membership is that the prospective member country should be a member of the Organization of the Islamic Cooperation (OIC)
- The Islamic Development Bank is fully committed to implementing the United Nations’ Sustainable Development Goals (SDGs)
- Focused on the following sectors:
- Infrastructure
- Education
- Health
- Humanitarian relief
- Women and girls
- There are four modes of disbursement that are permitted by the Bank: Direct Payment, Special Account, Reimbursement & Reimbursement of Guarantee Commitment (ICR)
- Operates through a decentralized model with ten major regional hubs in Morocco, Kazakhstan, Senegal, Egyp50t, Turkey, Indonesia, Bangladesh, Nigeria, Uganda, and Suriname, along 2 Protected with a Center of Excellence in Kuala Lumpur, Malaysia
News
- 2024: IsDB and Azerbaijan sign MoU on country engagement framework
- 2024: Islamic Development Bank and Bank of China eye investment cooperation
