Islamic Development Bank (IsDB)

Overview

The Islamic Development Bank ( IsDB) is an international Islamic financial institution aim to foster the economic development and social progress of member countries and Muslim communities individually as well as jointly in accordance with the principles of Shari'ah i.e., Islamic Law. It is considered 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.

IsDB's 5 pillars of activity:

  1. Building partnerships between governments, the private sector and civil society through Public Private Partnerships (PPP).
  2. Adding value to the economies and societies of developing countries through increased skills and knowledge sharing.
  3. Focusing on science, technology and innovation led solutions to the world’s greatest development challenges, through boosted connectivity and funding, and a focus on the UN’s Sustainable Development Goals.
  4. Promoting global development that is underpinned by Sharia complaint long term sustainable and ethical financing structures, as global leaders in Islamic Finance.
  5. Fostering collaboration between our members nations in a uniquely non-political environment, as we come together to focus on the betterment of humanity.

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NO Comment 22nd November 2020

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