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  • Basic Information: Founded Type Headquarters Membership President:: Islamic Financial

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    Arslan Baig
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    The Islamic Development Bank (IDB) was founded in 1975 and is headquartered in Jeddah, Saudi Arabia, with 57 member countries. The IDB aims to conduct interest-free economic transactions, alleviate poverty, and promote Islamic finance. Its vision includes socio-economic development in member countries and Muslim communities globally in accordance with Sharia law, while its mission focuses on poverty alleviation, human development, cooperation among members, and collaboration with development partners. The IDB functions include investing in infrastructure, providing loans to public and private sectors, assisting foreign trade, offering technical assistance, and undertaking research.

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    The Islamic Development Bank (IDB) was founded in 1975 and is headquartered in Jeddah, Saudi Arabia, with 57 member countries. The IDB aims to conduct interest-free economic transactions, alleviate poverty, and promote Islamic finance. Its vision includes socio-economic development in member countries and Muslim communities globally in accordance with Sharia law, while its mission focuses on poverty alleviation, human development, cooperation among members, and collaboration with development partners. The IDB functions include investing in infrastructure, providing loans to public and private sectors, assisting foreign trade, offering technical assistance, and undertaking research.

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    © All Rights Reserved
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    4 views5 pages

    Basic Information: Founded Type Headquarters Membership President:: Islamic Financial

    Uploaded by

    Arslan Baig
    The Islamic Development Bank (IDB) was founded in 1975 and is headquartered in Jeddah, Saudi Arabia, with 57 member countries. The IDB aims to conduct interest-free economic transactions, alleviate poverty, and promote Islamic finance. Its vision includes socio-economic development in member countries and Muslim communities globally in accordance with Sharia law, while its mission focuses on poverty alleviation, human development, cooperation among members, and collaboration with development partners. The IDB functions include investing in infrastructure, providing loans to public and private sectors, assisting foreign trade, offering technical assistance, and undertaking research.

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    Basic Information

    Founded : July 1975


    Type : Islamic Financial Institution
    Headquarters : Jeddah, Saudi Arabia
    Membership : 57 countries
    President : H.E. Dr. Bandar Hajjar
    Objectives of the IDB

    • To conduct Interest free economic transaction

    • Poverty alleviation and promotion of Islamic


    financial institutions.

    • Promotion of cooperation among member


    countries
    Vision & Mission

    Vision
    • Socio-economic development in member
    countries and Muslim communities
    • Development in non-member countries
    • in conformity with Shari’ah.
    Mission
    • alleviating poverty; promoting human
    development;
    • enhancing cooperation amongst member
    countries,
    • collaboration with their development partners.
    Functions of IDB
    To Invest in economic and social infrastructure project
    in member countries

    To make loan to the private and public sector for the
    financing of productive projects.

     To assist in the promotion of foreign trade.

    To provide technical assistance to member countries.

    To undertake research for economic growth for


    member countries.

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