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Islamic Development Bank

Islamic Development Bank

Type idb bank: 
Multilateral development Bank

Institutional information

The Islamic Development Bank is a multilateral development bank (MDB), working to improve the lives of those we serve by promoting social and economic development in Muslim countries and communities worldwide, delivering impact at scale.

We provide the infrastructure to enable people to lead better lives and achieve their full potential.

International presence

Ranked on the basis of paid-up capital (as of August 2015),[8] major shareholders include:

  1. Saudi Arabia (26.57%)
  2. Algeria (10.66%)
  3. Iran (9.32%)
  4. Egypt (9.22%)
  5. Turkey (8.41%)
  6. United Arab Emirates (7.54%)
  7. Kuwait (7.11%)
  8. Pakistan (3.31%)
  9. Libya (3.31%)
  10. Indonesia (2.93%)

Number of branches

  • consisting of Islamic Development Bank (IDB),
  • Islamic Research & Training Institute (IRTI),
  • Islamic Corporation for Development of the Private Sector (ICD),
  • Islamic Corporation for Insurance of Investment and export credit (ICIEC) and
  • International Islamic Trade Finance Corporation (ITFC)

Products and services

 

• Project financing in the public and private sectors;

• Development assistance for poverty alleviation;

• Technical assistance for capacity-building;

• Economic and trade cooperation among member countries;

• Resource mobilization;

• Research and training programs in Islamic economics and banking;

• Special assistance and scholarships for member countries and Muslim communities in non-member countries;

• Emergency relief

Financial products

• Trade financing;

• SME financing;

• Direct equity investment in Islamic financial institutions;

• Insurance and reinsurance coverage for investment and export credit;

• Awqaf investment and financing;

• Advisory services for public and private entities in member countries.

Financial services

  • projectand corporate finance
  • equity investments, advisory/asset management
  • insurance of investment and export credit

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