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The Islamic Development Bank (Arabic: البنك الإسلامي للتنمية, abbreviated as IsDB) is a multilateral development finance institution that is focused on Islamic finance for infrastructure development and located in Jeddah, Saudi Arabia.
The purpose of the bank is to help jobs, industry, and infrastructure in smaller towns and cities. It is to surpass the other specialized government bank, the military funding bank. [1] The bank would procure and sell development stocks. It is part of the seventh quininal program. [2] Ensafnews called it 'a daydream for the government.' [3] [4]
Since its inception in 1395H (1975G), the aim of the Islamic Development Bank (IDB) has been to improve the lives of ordinary people across the Islamic world by raising economic standards and increasing prosperity within the member countries of the Organisation of Islamic Cooperation (OIC, formerly the Organisation of the Islamic Conference).
European Investment Bank; Islamic Development Bank; Preferential Trade Area Bank; World Bank Group. International Bank for Reconstruction and Development (IBRD)
IsDB Islamic Development Bank Group: 56 countries in Asia, Africa, Europe, and Latin America: Jeddah: 1966: ADB Asian Development Bank: Asia: Manila: 1970: CAF Development Bank of Latin America: Latin America: Caracas: 29/5/91: EBRD European Bank for Reconstruction and Development: London: 1956: CEB Council of Europe Development Bank ...
Taawen Islamic Bank; Industrial Union Investment Bank; Investment Bank of Iraq; Iraqi Middle East Investment Bank; Islamic Bank; Mosul Bank; National Bank of Iraq; North Bank; Sumer Bank; Union Bank of Iraq; Bank Audi ِWorld Islamic Bank ِElaf Islamic Bank; United Investment Bank; Al Janoob Islamic Bank; T.C. Ziraat Bankasi of Turkey (the ...
That’s a significant development because housing costs have fueled inflation more than any other category, making up 35% of overall price increases in January. Other service costs jumped last month.
Prior to joining Cambridge IIF, Dar served as Director General of the Islamic Research & Training Institute (IRTI) of Islamic Development Bank (IsDB). He is also the chairman of the Cambridge-Edbiz Group of Companies, which owns Edbiz Consulting and Cambridge IFA.