• Organization TypeFunding Agencies
  • Development BudgetOver 500 Million
  • HeadquartersSaudi Arabia
  • Founded1975

Islamic Development Bank (IsDB)

The Islamic Development Bank is an international, a multi-lateral development financial institution  established in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah. The IDB Group is committed to alleviating poverty; promoting human development; science and technology; Islamic economics; banking and finance; and enhancing cooperation amongst member countries, in collaboration with its development partners. Purpose The purpose of the Bank is to foster the economic development and social progress of member countries and Muslim communities individually as well as jointly in accordance with the principles of Shari'ah i.e., Islamic Law. Functions The functions of the Bank are to participate in equity capital and grant loans for productive projects and enterprises besides providing financial assistance to member countries in other forms for economic and social development. The Bank is also required to establish and operate special funds for specific purposes including a fund for assistance to Muslim communities in non-member countries, in addition to setting up trust funds. The Bank is authorized to accept deposits and to mobilize financial resources through Shari'ah compatible modes. It is also charged with the responsibility of assisting in the promotion of foreign trade especially in capital goods, among member countries; providing technical assistance to member countries; and extending training facilities for personnel engaged in development activities in Muslim countries to conform to the Shari'ah. Priority Areas To realize these objectives, the IDB Group will focus on the following six priority areas: -Human development -Agricultural development and food security -Infrastructure development -Intra-trade among member countries -Private sector development -Research and development (R & D) in Islamic economics, banking and finance Membership The present membership of the Bank consists of 56 countries. The basic condition for membership is that the prospective member country should be a member of the Organization of the Islamic Conference, 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 IDB Board of Governors. Head Office and Regional Offices The Bank's principal office is in Jeddah in the Kingdom of Saudi Arabia. Four regional offices were opened in Rabat-Morocco, Kuala Lumpur- Malaysia, Almaty-Kazakhstan, and Dakar – Senegal. The Bank also has field representatives in twelve member countries. These are: Afghanistan, Azerbaijan, Bangladesh, Guinea Conakry, Indonesia, Iran, Nigeria, Pakistan, Sierra Leone, Sudan, Uzbekistan and Yemen.
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Careers

Job openings over the past year

77Total posted jobs

Examples of past jobs

  • Lead Economic Sector Researcher
    Saudi Arabia
  • Lead Climate Adaptation Specialist
    Saudi Arabia

Staff at Islamic Development Bank (IsDB) have experience in

Sectors

  • development
  • procurement process
  • banking system
  • reproductive health
  • monitoring / evaluation

Funders

  • ec
  • world bank group
  • goal global

Countries

  • mali
  • niger
  • senegal
  • united states
  • mauritania

Skills

  • managerial experience
  • business development
  • experience in recruitment
  • international experience
  • with experience in conflict areas

Experience

Monitoring / Evaluation
Banking System
Research & Development
Procurement Process
Personnel / Human Resources
Services
Financial Services
Finance
Economic Policy
Market Research

Contact Islamic Development Bank (IsDB)

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Company Offices

  • Saudi Arabia (headquarters)
  • Jiddah
  • P. Box. 5925
  • Malaysia
  • Kuala Lumpur
  • Level 13, Menara Bank, Pembangunan, Bandar Wawasan, Jalan Sultan Ismail
  • Senegal
  • Dakar
  • 18 Boulevard de la République
  • Morocco
  • Rabat
  • Km 6.4, Avenue Imam Malik Route des Zaers, P. O. BOX: 5003
  • Kazakhstan
  • Almaty
  • 67, Aiteke-Bi Street, P.O. Box 194