Islamic finance is developing at a remarkable pace. Since its inception three decades ago, the number of Islamic financial institutions worldwide has risen from one in 1975 to over 300 today in more ...

The Islamic Development Bank Institute (IsDBI) ( has announced the publication of ‘Essentials of Islamic Finance’, a new book offering an in-depth analysis of the foundational principles of Islamic ...

The Islamic Development Bank Institute (IsDBI) ( ), in collaboration with the London Stock Exchange Group (LSEG), has officially launched a landmark joint publication titled“Development Traps and the ...

Manama, Kingdom of Bahrain; WASHINGTON, D.C., July 9, 2015—The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, and the ...

The Islamic Corporation for the Development of the Private Sector (“ICD”) ( ), a multilateral development financial institution and the private sector arm of the Islamic Development Bank (IsDB) Group, ...

After growing to a $1 trillion asset class in Muslim countries, Islamic finance is poised for an era of globalization. Global Islamic financial assets have soared from less than $600 billion in 2007 ...

Islamic banks serve Muslim customers, but are not religious institutions. They are profit-maximizing intermediaries between savers and investors and offer custodial and other traditional banking ...

The Annual Investment Meeting Africa Edition (AIM AFRICA), in multilateral partnership with the Islamic Development Bank (IsDB) (www.IsDB.org), the Islamic Corporation for the Development of the ...

TOKYO, October 14, 2012—The World Bank and Islamic Development Bank today signed a Memorandum of Understanding (MoU) to set out a framework for collaboration between the two parties and lend support ...

New York-Jeddah-Beirut, 11 May 2021—The United Nations and the Islamic Development Bank today launched an initiative to help fund efforts to recover better as the world continues to grapple with the ...