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Partner Profile:

Islamic Development Bank

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Background

The Islamic Development Bank is an international Islamic financial institution, established in Jeddah, Saudi Arabia, formally opened on 15 Shawwal 1395H (20 October 1975).

Membership

The Bank’s present membership consists of 57 countries. The basic condition for membership is to be a member country of the Organisation of Islamic Cooperation (OIC).

Objectives

The objective of the IDB is to foster economic development and social progress of its member countries and Muslim communities in non-member countries individually and collectively in accordance with the principles of Shariah. To fulfill this objective, it provides different modes of financing for development activities in these communities. It also provides technical assistance for capacity building and scholarships for human capital development. It manages special funds and mobilizes resources through Shari’ah-compatible instruments.

Mission of IDB

The mission of the IDB is to promote comprehensive human development, with a focus on the priority areas of alleviating poverty, improving health, promoting education, improving governance and prospering the people.

What we do

The functions of the Bank are

IDB Group is engaged in a wide range of specialized and integrated activities such as:

Participate in the important work and large-scale impact of the IDB-ISFD by spreading the word and donating directly to our crowdfunding campaigns.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Campaigns” tab_id=”1537930249842-66848d5d-1973″][vc_column_text][/vc_column_text][/vc_tta_section][/vc_tta_tabs][/vc_column][/vc_row][vc_row css=”.vc_custom_1516187338957{margin-bottom: 30px !important;}”][vc_column]

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