Muslim World Bank

The Muslim World Bank, often called the Islamic Development Bank (IDB), is an international financial institution that provides funding and support to Muslim-majority countries. It aims to promote social and economic development while adhering to Islamic principles, such as prohibiting interest (riba) and encouraging ethical investments. The IDB funds projects like infrastructure, education, and healthcare to improve living standards. It also fosters cooperation among member countries, helping reduce poverty and promote sustainable growth within the framework of Islamic finance.