Islamic Development Bank (IDB)

The Islamic Development Bank (IDB) is a multilateral financial institution established in 1973 to promote economic development and cooperation among Muslim-majority countries and other interested nations. It provides funding for projects that support infrastructure, health, education, and industry, all in accordance with Islamic banking principles, which prohibit interest and promote ethical finance. The IDB aims to alleviate poverty, foster sustainable development, and enhance social progress through financial and technical assistance, contributing to regional stability and shared prosperity across member countries worldwide.