Islamic Development Bank ISDB

Overview

  • Founded Date January 1, 1973
  • Sectors Financial Services
  • Posted Jobs 0
  • Viewed 154

Company Description

The Islamic Development Bank ISDB is a multilateral development bank (MDB). It works to improve the lives of those we serve by promoting social and economic development in Member countries and Muslim communities worldwide. It was founded in 1973 by the Finance Ministers at the first Organization of the Islamic Conference with the support of the King of Saudi Arabia at the time (Faisal). Bank began its activities on 3 April 1975. On the 22 May 2013, IDB 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.

ISDB constructs global infrastructure for improved lives, uniting 57 countries across four continents, impacting one in five globally. As a leader in Islamic Finance with an AAA rating, assets exceed USD 16 billion, and capital reaches USD 70 billion. Headquartered in Jeddah, with hubs in Morocco, Malaysia, Kazakhstan, and Senegal, along with gateway offices in Egypt, Turkey, Indonesia, Bangladesh, and Nigeria, it actively fosters non-political collaboration, prioritizing humanity’s betterment. Additionally, it strives for inclusive partnerships, promoting universal progress and fostering a collaborative, non-political environment on a global scale.

The Islamic Development Bank (ISDB) operates as a multilateral development bank (MDB), dedicated to enhancing the well-being of communities worldwide. Established in 1973 by Finance Ministers during the first Organization of the Islamic Conference, supported by the then-King of Saudi Arabia (Faisal), its impactful journey commenced on April 3, 1975.

On May 22, 2013, ISDB tripled its capital to $150 billion, effectively addressing global Muslim needs. Remarkably, it holds AAA ratings from Standard & Poor’s, Moody’s, and Fitch, with Saudi Arabia owning a quarter of its capital. Additionally, the ISDB has achieved observer status at the United Nations General Assembly.

Dedicated to fostering a conducive environment, the ISDB spans 57 member countries across four continents. It is significantly impacting one in every five individuals globally. Furthermore, as a highly active MDB and a frontrunner in Islamic Finance, the ISDB boasts an AAA rating. This financial institution also manages operating assets exceeding USD 16 billion, coupled with a subscribed capital totaling USD 70 billion.

Headquartered in Jeddah, Saudi Arabia, the ISDB operates major hubs in Morocco, Malaysia, Kazakhstan, and Senegal. It also maintains gateway offices in Egypt, Turkey, Indonesia, Bangladesh, and Nigeria. This institution globally encourages collaboration among member nations, emphasizing a non-political framework and prioritizing humanity’s advancement on a global scale. Moreover, it seeks to foster inclusive partnerships and promote universal progress.

Team Members (3)

  • H.E. Dr. Muhammad Sulaiman Al Jasser

    Chairman

  • H.E. Dr. Hamad Bin Suleiman Al Bazai

    Board of Executive Directors Representing Kingdom of Saudi Arabia

  • Hisham Alashhab

    Sourcing and Recruitment Specialist

 
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