The Islamic Development Bank

The Islamic Development Bank (IsDB) is a multilateral development bank established in 1975 to promote economic development and social progress in member countries and Muslim communities worldwide. Based in Jeddah, Saudi Arabia, it provides financing for various projects in sectors like infrastructure, education, and health, following Shariah principles, which prohibit interest and promote ethical investments. The IsDB aims to foster sustainable development, enhance cooperation among member states, and support efforts to alleviate poverty through innovative financial solutions and partnerships. It plays a crucial role in economic growth, particularly in developing regions.