Islamic Development Bank Overview

  • Service
  • Commercial Bank
  • Founded
  • 1975
Founded
  • Financed Companies
  • 1
  • Financings
  • 1

Islamic Development Bank General Information

Description

Islamic Development Bank is a banking institution based in Jeddah, Saudi Arabia. Established in 1975, the firm participates in equity capital and grants loans for productive projects and enterprises besides providing financial assistance to member countries in other forms for economic and social development. The firm is also required to establish and operate special funds for specific purposes including a fund for assistance to Muslim communities in non-member countries. The purpose of Islamic Development Bankis 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 Islamic Law. The assets of the firm are managed by the board of executive directors.

Contact Information

Website
Year Founded
1975
Service Provider Type
Commercial Bank
Primary Office
  • 8111 King Khalid Street
  • AI Nuzlah AI Yamania District Unit No. 1
  • Jeddah 22332-2444
  • Saudi Arabia
+966 012 000 0000

Islamic Development Bank Financings

Company Name Financing Date Debt/Deal Date Debt/Deal Amount
Albatros Energy Jun 2017 00000 0000000
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Islamic Development Bank Co-Lenders (5)

Lender Lender Type Lender Location Total Shared Financings Last Shared Financing
Banque Ouest Africaine de Développement Other Service Provider Type Lomé, Togo 1
00000000 000000 00 Lender Ebene, Mauritius 0
000000000 Other Service Provider Type 0
Islamic Corporation for the Development of the Private Sector Lender Jeddah, Saudi Arabia 1
OPEC Fund for International Development Other Service Provider Type Vienna, Austria 1
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Islamic Development Bank Investment Preferences

Preferred Industries Preferred Verticals Preferred Deal Types Geographic Preferences Transaction Amount

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Islamic Development Bank Team (17)

Name Title Related Financings Office Contact
Info
Bandar Hajjar Ph.D President Jeddah, Saudi Arabia
Zamir Iqbal Ph.D Vice President, Finance & Chief Financial Officer Jeddah, Saudi Arabia
Abdur Lalloo Director, Budget & Performance Management Department Jeddah, Saudi Arabia
Walid Alwohaib Director General Jeddah, Saudi Arabia
Abdirahman Sharif Executive Director & Board Member Jeddah, Saudi Arabia
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Islamic Development Bank Board Members (5)

Name Representing Role Since
Abdirahman Sharif Islamic Development Bank Executive Director & Board Member 000 0000
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Islamic Development Bank Subsidiaries (1)

Company Name Industry Location Founded
0000000 0000000000 Economic Development Agency Jeddah, Saudi Arabia 0000
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