Presentation

1.1 Islamic Development Bank (IDB)

IDB is an international financial institution established in 1395H (1975) in pursuance of the

Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in
Jeddah in 1393H (1973). The main objective of IDB is to foster economic development and
social progress of member countries and Muslim communities in non-member countries in
accordance with the principles of the Shariah (Islamic law).
Functions of IDB
To Invest in economic and social infrastructure project in member countries

To make loan to the private and public sector for the financing of productive projects.

To assist in the promotion of foreign trade.

To provide technical assistance to member countries.

To undertake research for economic growth for member countries.

a. Islamic Research and Training Institute (IRTI)
IRTI was established in 1401H (1981) as the research and training arm of IDB. It plays an
important role in the transformation of IDB Group into a world-class knowledge based
organization by leading and sustaining the development of a dynamic and comprehensive Islamic
Financial Services Industry (IFSI) to support the socio-economic development of member
countries. As a center of excellence, IRTI conducts training, undertakes research, provides
advisory services, and enhances capacity building in basic and applied Islamic economics and
finance.