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The Islamic Development Bank (Arabic: البنك الإسلامي للتنمية, abbreviated as IsDB) is a multilateral development finance institution that is focused on Islamic finance for infrastructure development and located in Jeddah, Saudi Arabia.
The purpose of the bank is to help jobs, industry, and infrastructure in smaller towns and cities. It is to surpass the other specialized government bank, the military funding bank. [1] The bank would procure and sell development stocks. It is part of the seventh quininal program. [2] Ensafnews called it 'a daydream for the government.' [3] [4]
Since its inception in 1395H (1975G), the aim of the Islamic Development Bank (IDB) has been to improve the lives of ordinary people across the Islamic world by raising economic standards and increasing prosperity within the member countries of the Organisation of Islamic Cooperation (OIC, formerly the Organisation of the Islamic Conference).
The Islamic Development Bank of Brunei (Local) The Islamic Bank of Brunei (Local) Citibank (Foreign) HSBC (Foreign) References. This page was last edited on 28 ...
The Islamic Development Bank is among the leading multilateral development banks. IsDB is the only multilateral development bank after the World Bank that is global in terms of its membership. 56 member countries of IsDB are spread over Asia, Africa, Europe and Latin America.
Taawen Islamic Bank; Industrial Union Investment Bank; Investment Bank of Iraq; Iraqi Middle East Investment Bank; Islamic Bank; Mosul Bank; National Bank of Iraq; North Bank; Sumer Bank; Union Bank of Iraq; Bank Audi ِWorld Islamic Bank ِElaf Islamic Bank; United Investment Bank; Al Janoob Islamic Bank; T.C. Ziraat Bankasi of Turkey (the ...
IBBL is a joint venture of the government of Bangladesh, 22 businessmen of Bangladesh, Islamic Development Bank, and investment firms and banks from Muslim Middle Eastern countries. [12] According to The Economist, "Islami Bank was a pioneer in financing Bangladesh's rise as the apparel industry's main production base outside China." [7]
Initially founded in 1981 as the Island Development Bank (IDB), the financial organisation had several changes throughout time. On 13 January 1993, it was renamed the Islamic Bank of Brunei (IBB) and relocated to its current multi-million dollar building, [7] while the Development Bank of Brunei (DBB) was established in 1995. Afterwards, DBB ...