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| IDB Headquarters in Jeddah |
Islamic Development Bank (IDB) is a multilateral development bank founded in pursuance of the Declaration issued by the Conference of Finance Ministers of Muslim Countries on December 18, 1973. IDB was formally opened in 1975 and today employs about 1,000 people. Islamic Development Bank’s purpose is fostering the economic development of member countries and Muslim communities. The current membership of IDB includes 57 countries span the Middle East, Africa and the Asia Pacific region. The Bank’s AAA credit rating was affirmed by Fitch in June 2017.
Major shareholders:
Saudi Arabia (26.6 %)
Libya (10.7 %)
Iran (9.3 %)
Egypt (9.2 %)
Turkey (8.4 %)
UAE (7.5 %)
Kuwait (7.1 %)
Pakistan (3.3 %)
Algeria (3.3 %)
Indonesia (2.9 %)
Malaysia (2.1 %)
Bangladesh (1.3 %)
Qatar (0.70 %)
Yemen (0.67 %)
Morocco (0.66 %)
Jordan (0.53 %)
Sudan (0.52 %)
Gabon (0.39 %)
Oman (0.37 %)
Regional, Gateway and Representative Offices:
With head office located in Jeddah, Saudi Arabia, IDB has regional offices in Rabat (Morocco), Kuala Lumpur (Malaysia), Dakar (Senegal) and Almaty (Kazakhstan) as well as offices in Nigeria, Turkey, Afghanistan, Azerbaijan, Uzbekistan, Bangladesh, Guinea, Indonesia, Iran, Mauritania, Libya, Pakistan, Sierra Leone, Sudan, Mali, Burkina Faso and Yemen.
Head office address:
8111 King Khalid Street
AI Nuzlah AI Yamania Dist.
Jeddah, 22332
Saudi Arabia
Phone number: +966 12 6361400
Website: www.isdb.org
Kuala Lumpur Regional Office
Level 13, Menara Bank Pembangunan
Bandar Wawasan, Jalan Sultan Ismail
50250 Kuala Lumpur, Malaysia
Rabat Regional Office
Angle Avenue Ennakhil & Avenue Alhaour
Hay Riad, 10104 Rabat
Kingdom of Morocco
Dakar Regional Office
18 Boulevard de la Republique
B.P., 6253, Dakar etoile, Dakar, Senegal