Jeddah, Saudi Arabia -- President of the Islamic Development Bank (IsDB) Muhammad Al-Jasser held today held discussions with senior officials of Industrial and Commercial Bank of China Limited (ICBC) and the Bank of China (BOC). The ICBC Bank Chief Business and Management Officer Wang Kun, expressed interest in the sukuk...

The collaboration will involve efforts from both parties.

JEDDAH, SAUDI ARABIA - The International Islamic Trade Finance Corporation (ITFC), which is a member of the Islamic Development Bank, has collaborated with Turk Eximbank to provide a joint loan worth $277 million. This loan includes murabaha facilities, an Islamic finance and investment instrument. This collaboration aims to enhance trade...

JEDDAH, SAUDI ARABIA - The Board of Executive Directors (BED) of the Islamic Development Bank (IsDB) approved to finance projects worth US$800 million for improving the living conditions of the people in member countries and attaining Sustainable Development Goals (SDGs). IsDB President Dr. Mohammed Al-Jasser said that the projects were...

Pact to enhance commercial activities between the two.

A total of $280 million will be provided to Cameroon, Kyrgyzstan and Uzbekistan as innovative financing under the SmartEd initiative for education to support effective and sustainable programs that will see more boys and girls in these countries into school and learning.

Riyadh, Saudi Arabia-- Saudi Arabia and Iran have discussed ways to strengthen the ties between the two countries in a meeting between the kingdom's Finance Minister Mohammed Al-Jadaan and the Islamic Republic's Economy Minister Ehsan Khandouzi. The meeting took place on Friday in Jeddah on the sidelines of the Islamic...

JEDDAH, SAUDI ARABIA  - Islamic Development Bank (IsDB) President and Group Chairman Dr. Muhammad Al-Jasser and Uzbekistan Minister of Investments, Industry, and Trade Laziz Kudratov have signed three financing agreements for  the development of infrastructure and social services in the Central Asian country. These agreements aim to promote sustainable economic...

Jeddah, Saudi Arabia---The Islamic Corporation for the Insurance of Investment and Export Credit, the Islamic Development Insurance arm of the Islamic Development Bank Group, Saturday signed an MoU with the Abu Dhabi Future Energy Company (Masdar) as part of its goals to transition to renewable and clean energy in markets...

An IsDB official said proceeds were used to finance projects to recover from the COVID-19 pandemic, reduce poverty etc.

The funds are scheduled to be deposited in a trust account to finance programs as per the needs of refugees and their host communities in the member countries of the Islamic Development Bank.

The Islamic Development Bank (IsDB) has approved a $1.12 billion financing for development projects in various sectors in nine member countries.

The Islamic Development Bank (IsDB) Group has agreed on a $10.54 billion package for the Comprehensive Food Security Response Program (FSRP) that will support member countries in addressing the ongoing food crisis and increase the group's ongoing efforts to contribute to strengthening its members' resilience to future food security problems....

President of the bank Dr Muhammed Al-Jasser, who was speaking at the 16th World Bank Forum, on Islamic Finance, said that more than half a billion people around the world who have fallen under the poverty line during the pandemic.

Abu Dhabi Fund for Development (ADFD), is one of LLF's key donor partners on this innovative initiative.

The first public Sukuk issuance from IsDB in 2022 strengthens its position as the largest supranational institution.

The Islamic Development Bank (IsDB) approved the establishment of the Afghanistan Humanitarian Trust Fund (AHTF), which will channel humanitarian and development assistance to Afghanistan. The AHTF will be administered by the IsDB, which welcomed the OIC invitation to its member states, Islamic financial institutions, donors, and other international partners to...

The Islamic Development Bank (IsDB) affirmed that it would work together with all Multilateral Development Banks, International Finance Institutes, and other development partners towards achieving Sustainable Development Goals (SDGs) for its member countries. This came during IsDB President Muhammad Al Jasser’s participation in a panel discussion on “A Shared Sustainable...

The $1.7bn listing strengthens its position as the largest Sukuk issuer on the bourse.

The Islamic Development Bank of Saudi Arabia has set the price of its second and final issuances as part of its plan to mobilize financial resources.

DUBAI: To promote agri-food projects and investments, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the Islamic Development Bank (IsDB) Group, and the Islamic Food Processing Association (IFPA), signed an agreement on Saturday. The agreement will provide ICIEC and IFPA a general...

IsDB also contributed to Covid-19 relief in 2020, where it approved financing of around $2.3 billion.

The $100-million fund, mainly supported by Saudi investors, will target 34 micro, small, and medium enterprises.

The global forum organized by the Islamic Development Bank on Aug. 28 is being held as a side event to the bank’s annual meeting.

Former Saudi economy and planning minister Mohammed Sulaiman Al-Jasser will head the bank.

SheTrades aims to connect 3 million women, entrepreneurs, to markets by the end of 2021 The Egyptian chapter of the project will focus on supporting women in the handicrafts sector Women's economic empowerment initiative, SheTrades, which aims to connect 3 million women entrepreneurs to markets by the end of 2021,...