Islamic Development Bank (IsDB)

📍 Jeddah, Saudi Arabia🗓 Founded 1975👥 1,427 employees💰 Last funded Jan 2017
International Trade and Development🌐 isdb.org
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Purpose • We believe all people have the right to live in dignity and aspire prosperity, and that nurturing economic growth is the best route out of poverty. • We equip people to drive their own economic and social progress at scale, putting the infrastructure in place to enable them to fulfil their potential. • We do this by building collaborative partnerships between communities and nations, and working towards the UN Sustainable Development Goals. • We aim to foster innovative, ethical and sustainable solutions to the world’s greatest development challenges. Functions The functions of the Bank are to participate in equity capital and grant loans for productive projects and enterprises besides providing financial assistance to member countries in other forms for economic and social development. The Bank is also required to establish and operate special funds for specific purposes including a fund for assistance to Muslim communities in non-member countries, in addition to setting up trust funds. The Bank is authorized to accept deposits and to mobilize financial resources through Shari'ah compatible modes. Entities The IsDB Group is a multilateral development institution which consists of five entities: 1) Islamic Development Bank (IsDB) 2) Islamic Research and Training Institute (IRTI) 3) Islamic Corporation for the Insuranceof Investment and Export Credit (ICIEC) 4) Islamic Corporation for the Development of the Private Sector (ICD) 5) International Islamic Trade Finance Corporation (ITFC) Head Office and Regional Offices The IsDB is headquartered in Jeddah, Saudi Arabia, and has 7 decentralized Regional Hubs in Morocco, Senegal, Nigeria, Turkey, Kazakhstan, Indonesia, Bangladesh; and a Centre of Excellence in Malaysia For more information please visit: www.isdb.org
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1975
Founded

Investors

1 investors
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Investor geography1 country
Egypt
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Frequently asked questions
Who invested in Islamic Development Bank (IsDB)?
Islamic Development Bank (IsDB) has 1 investors on record on gritt.io.
When did Islamic Development Bank (IsDB) last raise funding?
The most recent investment in Islamic Development Bank (IsDB) recorded on gritt.io was in January 2017.
When was Islamic Development Bank (IsDB) founded?
Islamic Development Bank (IsDB) was founded in 1975.
What industry is Islamic Development Bank (IsDB) in?
Islamic Development Bank (IsDB) operates in International Trade and Development. Find similar International Trade and Development investors on gritt.io.
Where is Islamic Development Bank (IsDB) based?
Islamic Development Bank (IsDB) is headquartered in Jeddah, Saudi Arabia.