Islamic Development Bank

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A PROPOS DE NOUS

The purpose of the Bank is to foster the economic development and social progress of member countries and Muslim communities individually as well as jointly in accordance with the principles of Shari'ah i.e., Islamic Law. Functions The functions of the Bank are to participate in equity capital and grant loans for productive projects and enterprises besides providing financial assistance to member countries in other forms for economic and social development. The Bank is also required to establish and operate special funds for specific purposes including a fund for assistance to Muslim communities in non-member countries, in addition to setting up trust funds. The Bank is authorized to accept deposits and to mobilize financial resources through Shari'ah compatible modes. Entities The IDB Group is a multilateral development institution which consists of five entities. 1 Islamic Development Bank (IDB), 2. Islamic Research and Training Institute (IRTI), 3. Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), 4. Islamic Corporation for the Development of the Private Sector (ICD) and 5. International Islamic Trade Finance Corporation (ITFC) Head Office and Regional Offices The Bank's principal office is in Jeddah in the Kingdom of Saudi Arabia. Four regional offices are located in Rabat, Morocco, Kuala Lumpur, Malaysia, Almaty, Kazakhstan and Dakar, Senegal. 

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