Islamic Development Bank (IsDB)

Banque islamique de développement (BID)
البنك الاسلامي للتنمية

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1974-08-12 Jeddah Saudi Arabia


Established on signature of Agreement during K-XF4192 - Council of Foreign Ministers (CFM), following recommendations of the 2nd Foreign Ministers Conference, Dec 1970, Karachi (Pakistan) and declaration of intent, Dec 1973, Jeddah (Saudi Arabia). A specialized organ of C-XC4129 - Organisation of Islamic Cooperation (OIC). Became fully operational within OIC framework, 20 Oct 1975.

A multilateral aid institution of C-XC3038 - Organization of the Petroleum Exporting Countries (OPEC).


Promote comprehensive human development.


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Board of Governors (meets once a year); Board of Executive Directors; President is Chief Executive of the Bank, acts as Chairman of the Board of Executive Directors and is elected by the Board of Governors; Regional Hubs; Headquarters in Jeddah (Saudi Arabia). Entities of the IDB Group: IDB; E-XK0669 - Islamic Research and Training Institute, Jeddah (IRTI), founded 1981; E-XK1712 - The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), established 1994; K-XJ5093 - Islamic Corporation for the Development of the Private Sector (ICD), founded 1999; International Islamic Trade Finance Corporation (ITFC), founded 2005. Specialized Funds: K-XJ1222 - Islamic Solidarity Fund for Development (ISFD); Awqaf Properties Investment Fund (APIF); F-XM1036 - World Waqf Foundation (WWF); Waqf Fund; Unit Investment Fund (UIF).


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Consultative Status

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Relations with Inter-Governmental Organizations

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Relations with Non-Governmental Organizations

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Type I Classification

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Type II Classification

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Subjects *

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UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic GrowthGOAL 9: Industry, Innovation and InfrastructureGOAL 17: Partnerships to achieve the Goal



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* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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