Islamic Development Bank
multilateral development financing institution located in Jeddah, Saudi Arabia
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. There are 57 shareholding member states with the largest single shareholder being Saudi Arabia.
History
It was founded in 1973 by the Finance Ministers at the first Organisation of the Islamic Conference (now called the Organisation of Islamic Cooperation) with the support of the King of Saudi Arabia at the time (Faisal), and began its activities on 3 April 1975.Ahmed Mohammed Ali Al-Madani was installed as the inaugural president and served until 2015.
On 22 May 2013, IsDB tripled its authorized capital to $150 billion to better serve Muslims in member and non-member countries. The Bank has received credit ratings of AAA from Standard & Poor's, Moody's, and Fitch. Saudi Arabia holds about one quarter of the bank's paid up capital. The IDB is an observer at the United Nations General Assembly.
Membership
The present membership of the Bank consists of 57 countries. The basic condition for membership is that the prospective member country should be a member of the Organisation of Islamic Cooperation (OIC), pay its contribution to the capital of the Bank and be willing to accept such terms and conditions as may be decided upon by the IsDB Board of Governors.
Ranked on the basis of paid-up capital (as of May 2024), major shareholders include:
Saudi Arabia (22.5%)
Libya (9.03%)
Indonesia (7.94%)
Iran (7.90%)
Nigeria (7.33%)
Qatar (6.87%)
Egypt (6.77%)
Kuwait (6.62%)
United Arab Emirates (6.48%)
Turkey (6.17%)
Structure
IDB has evolved into a group of five entities, consisting of Islamic Development Bank (IsDB), Islamic Development Bank Institute (IsDBI), Islamic Corporation for Development of the Private Sector (ICD), Islamic Corporation for Insurance of Investment and Export Credit (ICIEC) and International Islamic Trade Finance Corporation (ITFC).
Begin with the source’s own compact description: “Islamic Development Bank” is multilateral development financing institution located in Jeddah, Saudi Arabia. The dossier treats that line as a proposition to test through Islamic, Development and Bank, not as a finished interpretation.
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The record creator and administrative purpose are central evidence, because official documentation reflects both action and institutional priorities. The source revision retrieved here is dated Apr 18, 2026. The linked authority identifier is Q41230. VIAF identifies the subject as 149836697. The Library of Congress control number is n77013487. 4 of 5 selected statements include explicit references; 0 carry qualifiers and 0 use preferred rank. The first chronological checks are 1973, 1975, 2015 and 2013.
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This entry incorporates text from “Islamic Development Bank” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.