abstract:The Islamic Development Bank (IDB) (Arabic: البنك الإسلامي للتنمية ) is a multilateral development financing institution located in Jeddah, Saudi Arabia. It was founded in 1973 by the Finance Ministers at the first Organisation of the Islamic Conference (now called the Organisation of Islamic Cooperation).
Of course, the plan will only be successful if it is fully funded by governments, financial institutions such as the World Bank and IslamicDevelopmentBank, and philanthropic organizations like the ones we run.
The Insurance services segment covers life, medical, motor, marine, property and credit insurance products and services, and Islamic banking segment provides Islamic banking solutions through its subsidiary, BLOM DEVELOPMENTBANK SAL (BDB).