Islamic Development Bank
The Islamic Development Bank (IDB) is a multilateral development bank established in 1975 to promote economic development and social progress in member countries and Muslim communities worldwide. It provides financial assistance for projects that align with Islamic finance principles, focusing on sectors like education, health, and infrastructure.
IDB aims to foster cooperation among its 57 member countries, which include nations from Africa, Asia, and the Middle East. By offering loans, grants, and technical assistance, the bank supports sustainable development initiatives that contribute to poverty alleviation and economic growth while adhering to Islamic values.