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GLOSSARY
Islamic Development Bank (IDB or IsDB) definition
Published by a LexisNexis Banking & Finance expert
What does Islamic Development Bank (IDB or IsDB) mean?
A multilateral development financing institution founded in 1973 under the umbrella of the then Organisation of the Islamic Conference (OIC) that works to improve lives by promoting social and economic development in Muslim countries and communities worldwide. One of the largest issuers globally of sukuk, through which the IDB funds research and training to develop the future of Islamic banking and finance.
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