Islamic Development Bank

The Islamic Development Bank (IDB) is a financial institution that provides funding and support to promote economic growth, development, and social progress among member countries, primarily in the Muslim world. It operates based on principles of Islamic finance, which avoid interest and promote ethical investing. The IDB funds projects like infrastructure, education, healthcare, and poverty reduction, aiming to improve living standards while adhering to Islamic ethical standards. It also fosters collaboration among member nations to achieve sustainable development and reduce economic disparities.