Introduction to Islamic Development Bank: Its history and Objectives

The Islamic Development Bank is one of
the great .financial institutions of the
organization of slamic conference (OIC). This
bank, due to certain economic and political
considerations and requirement, was
established by 22 Islamic countries on 20th
Oct. 1975.
Among the objectives of this bank is to
create unity and .politico - economic solidarity
among the Islamic countries.
The history , 0bjectives , ban kin g
operation,18 years achievements of bank and
organs of the Islamic Development Bank as
well as Islamic research and education center
of the bank have been analysed in this article. . . ~ .
The banking operation are dealt with in
three part: The financial crediting of the
payments, financial crediting of trade
exchange, and operation of specific grants,
which detailed explanation has been about
each of the activities. The 18 years activities of
the Islamic Development Bank and the rate of
its financial facilities and relief funds have
been explained