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Saturday, August 18, 2007

Islamic Development Bank

The Islamic Development Bank

Who They Say they are
(from their websites)
The Islamic Development Bank (IDB) is a Multilateral Development Bank (MDB), established to foster the economic development and social progress of its member countries and Muslim communities in non-member countries in accordance with the principles of Shari'ah (Islamic Law).

from Wikipedia
Islamic Development Bank (also known as IDB), is a multilateral development financing institution. located in Jeddah, Saudi Arabia. It was founded by the first conference of Finance Ministers of the Organization of the Islamic Conference (OIC), convened 18 December 1973.

The bank officially began its activities on 15 Shawwal 1395H (20 October 1975).

Shareholder Countries
Saudi Arabia
Kuwait
Libya
Turkey
UAE
Iran
Egypt

Their Activities

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