Islamic Development Bank

Banking / Financial Services

The Islamic Development Bank (IsDB) is a multilateral development bank (MDB) which funds its projects and other developmental activities using Islamic finance. Hence, the name “Islamic”. Founded in 1975, the IsDB is headquartered in Jeddah, the Kingdom of Saudi Arabia. The purpose of the Bank is to foster economic development and social progress of its member countries.

The Bank is now in the process of opening Country Gateway Offices (CGOs) in five major member countries namely; Turkey, Indonesia, Nigeria, Bangladesh and Egypt. The core functions of CGOs may be summarized as strategizing, project preparation, implementation facilitation and relations building. Turkey and Indonesia CGOs are fully operational, to be followed by Nigeria. The Country Gateway Office (CGO) for Nigeria is located in the 4th Floor of Mukiar El Yakub Place at Plot 1129 along Zakari Maimalari Street, Abuja Central Business District.

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