Golden Jubilees

As we reflect upon our remarkable journey of impact and growth, commemorating five decades of unwavering collaboration, steadfast partnerships, and transformative change, the Islamic Development Bank is thrilled to announce the celebration of its 50th anniversary. This monumental event will unfold in the dynamic capital city of Saudi Arabia, Riyadh, on the 28th of April 2024. Anticipate further updates and moments of reflection as we mark this significant milestone in our dedicated pursuit of sustainable development and impactful global initiatives.

50 Years of Impact: Chronicles of the IsDB's Golden Jubilee Celebration

Celebrating Half a Century of Transformative Impact and Global Collaboration

1973

Conferance of islamic finance ministers, jeddah

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1974

Establishing the IDB

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1975

Inagural meeting of IDB Board of governors (BOG) Riyadh

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1976

22 Member countries, Authorized IDB capital 2 billion ID (us$ 3 billion)

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1977

first annual meeting of board of governors held in makkah, saudi arabia on 7/4/1397 (26/3/1977)

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1978

idb moved to its new headquarters in jeddah

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1981

Establishment of islamic research and training development (IRTI)

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1982

Adahi project entrusted to idb by kingdom of saudi arabia

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1983

scholarship program launched

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1985

Conferance of islamic finance ministers, jeddah

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1993

election of new idb group president, H.S.Osama Jaafar Faqih

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1994

establishment of islamic corporation for the insurance of investment and export credit (ICIEC)

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1995

election of DR.Ahmad Mohamed Ali as president of IDB group

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1999

establishment of islamic corporation for the development of the private sector (ICD), IDB silver jubilee celebrations

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2002

S & P assigns AAA rating to islamic development bank

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2004

Zero risk-weight awarded to idb by basel committee on banking supervision

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2005

launching the idb 1440 vision

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2007

establishment of islamic solidarity fund for development (ISFD)

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2008

establishment of international islamic trade finance corporation (ITFC), idb 33rd annual meeting

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2009

Conferance of islamic finance ministers, jeddah

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2012

hosting of the g8 deauville partnership IFI cordination platform secretariat

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2013

38th BOG meeting, dushanbe, historic three-fold capital increase to 100 billion ID (US $ 150 Billion)

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2014

IsDB 40th Anniversary Celebration

2016

Election of a new IsDB Group Chairman H.E. Dr> bandar Hajjr

2020

Chairmanship of Head of Multilateral  Baks (MDBs) and The International Monetary Fund (IMF)

 

2021

Election of a new IsDB Group Chairman H.E. Dr. Muhammad Sulaiman Al Jasser

2022

6th General Capital Increase of ID 5.5 billion

2023

As part of its active engagement in COP28 ,IsDB pledges US$1 billion for climate adaption financing for fragile member countries

2024

Cherishing our Past
Charting our Future

2025

Conferance of islamic finance ministers, jeddah

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Total IsDB Group Approvals (From Inception to December 31, 2025)

Continuous Assessment of IsDB Performance: Learning and Improving

Member Countries and IsDB Group Offices

Success Stories

SEWING HAPPINESS: Empowering Yemen’s Women Entrepreneurs – The BRAVE Initiative

MOROCCO-MALI PARTNERSHIPINSPIRED BY ISDB: Lightens Rural Communities through Solar Energy

RWANDA’S NEW WATER WELLS: Turn on Taps for 1 Million People

FROM MOUNTAINSTO MARKETS: The Power of South-South Cooperation in Revolutionizing Kyrgyz Agriculture

KONYA HOSPITAL: Boosting Medical Research and Well-being for Sustainable Development

SAUDI VISION CREATES PROMISING ECONOMIC PROSPECTS

BREAKING THE CIRCLE OF POVERTY: The Impact of DEEP in Empowering Vulnerable Palestinian Families

HOW EDUCATION AND SAFE WATER: Combat Climate Change in Somalia

LLF LIFE-SAVINGHEALTHCARE PROJECT: Delivers Hope in Niger

EMPOWERING RURAL COMMUNITIES: The Impact of High-Speed Internet in Bangladesh

How ISDB Promotes Cooperation between Kuwait and Pakistan in Halal Authentication

ONE LIFE AT A TIME: How KSRelief’s $10 Million Contribution to AHTF Empowers Communities in Afghanistan

WOMEN-LED MICRO-ENTERPRISES: Drive Job Creation and Poverty Alleviation in Albania

FROM EXODUS TO EMPOWERMENT: The Wad Balal Cattle Project in Sudan

From White Gold to a Brighter Future – A Model for SustainableDevelopment in Burkina Faso

Uzbekistan’s Rural Renaissance: A Model for ThrivingRural Communities

From Bare Fields to Bountiful Harvests: A Family’s Journey in Upland Indonesia

Bridging Mountains, Uniting Regions: A Case Study in Economic Revitalization in Tajikistan

EMPOWERING LOCAL FARMERS : A Kyrgyz-Indonesian Collaboration Herds a Brighter Future

Supporting Transportation Sector in Saudi Arabia

Modernising road planning and designing in Yemen

Power plant modernisation gives Sudan’s growth a jolt

Solar power is turning on the lights in Bangladesh

Khanarc Canal transforms agriculture in northeast Azerbaijan

New container port raises Djibouti’s international logistics profile

A life-saving centre of excellence: The new Ibra Hospital in Ash-Sharqiyah, Oman

A lifeline across the Niger river: The bridge at Gao, Mali

Connecting people, creating opportunity: Modernizing Kazakhstan’s postal service

From darkness to light: Rural electricity in Morocco

Happy landings: Streamlined travel for the modern-day Hajj

Increasing the potential of higher education in Indonesia

Mini hydropower plants brighten rural Tajikistan

Solid foundations: Building better schools for Togo’s pupils

Support to rural ICT centres gives a boost to small businesses in Bangladesh and Egypt

Connecting West Africa: The Trans-Sahelian Highway

Growing for the future: How new initiatives are feeding Niger

Microfinance makes businesses successful in Guinea

Opening the doors to knowledge: Rebuilding schools in Tajikistan

Special Program for the Development of Africa

Social Safety Nets programme transforms lives of millions

Adaptable water infastructure in Oman: Moving to desalination in Ash-Sharqiyah

How Pakistan built back better: Owner-driven reconstruction after the 2005 earthquake

From Silk Road to Modern Highway: How IsDB-Financed Project Slashes Travel Times in Kazakhstan

IsDB Paris Alignment: Ambitious Commitment to Align Sovereign Investments with the Goals of the Paris Agreement

Partnering for Economic Development: Morocco’s Highway Revolution

Senegal’s Express Train: A Story of Transformation, Opportunity, and Sustainability

“YES” TO REDUCE YOUTH UNEMPLOYMENT

A PROMINENT INDIAN OPHTHALMOLOGIST AND RECEPIENT OF IDB SCHOLARSHIP GIVES BACK TO HIS COMMUNITY

Boosting the Quality of Education in Uganda

BANK MUAMALAT INDONESIA

Establishing Successful Islamic Banks in Unchartered Territories: Spotlight on Maldives Islamic Bank

EDUCATING AND ENABLING THE ARAB YOUTH TO ESTABLISH THEIR BUSINESSES

HOSTING OF THE G8 DEAUVILLE PARTNERSHIP IFI COORDINATION PLATFORM SECRETARIAT

ICBA – Potential biofuel grown with salt water

IDB INFRASTRUCTURE FUND-ONE

IMPROVING HOUSEHOLD INCOME AND PROVIDING EMPLOYMENT OPPORTUNITIES TO OTHERS

INTEGRATED COMMUNITY DRIVEN DEVELOPMENT (ICDD) THROUGH THE IDB PNPM ICDD PROJECT. INDONESIA

ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT & EXPORT CREDIT (ICIEC) BACKS ENERGY SECTOR IN LEBANON

LAUNCHING THE ISLAMIC FINANCE COUNTRY REPORTS

Reconstruction and Rehabilitation of Schools & Colleges in Bosnia & Herzegovina

ROLLING OUT A PIONEERING ISLAMIC FINANCE INSTRUMENT THE IDB SUKUK

SAUDI ARABIAN PROJECT FOR THE UTILIZATION OF HAJJ SACRIFICIAL MEAT (ADAHI)

STRUCTURING AND DELIVERING A SWEET DEAL FOR INDONESIA

Special Assistance to Muslim Communities in Non-Member Countries : A Case in Burundi

Supporting Egypt through difficult times

THE ALLIANCE TO FIGHT AVOIDABLE BLINDNESS

The International Centre for Diarrhoeal Disease Research, Bangladesh

The Malaysian Agricultural Research and Development Institute, Malaysia

Modernization of Nouadhibou Mining Port Handling Equipment
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Testimonials

“Our country, from which the great Islamic message came out, is very happy to host the first meeting of Finance Ministers of Islamic Countries, which aims to achieve a significant progress toward the attainment of Islamic solidarity. Through the realization of such solidarity, our Islamic Ummah can only fulfill its aspirations toward achieving progress and prosperity”
His Majesty Late King Faisal bin Abdulaziz Al Saud
“We thank the President of the Islamic Development Bank Group, Dr. Ahmad Mohamed Ali and the Bank's staff members for their efforts in supporting the development of member countries, and we wish them success in their mission”
Custodian of the Two Holy Mosques, H.R.H. Late King Abdullah bin Abdulaziz Al Saud
“We appreciate the Islamic Development Bank Group for assisting its member countries in overcoming challenges. The Kingdom of Saudi Arabia takes pride in being the headquarters for this significant institution and reaffirms its strong belief in its mission and purpose"
Custodian of the Two Holy Mosques H.R.H. King Salman bin Abdulaziz Al Saud
“Islamic Development Group (IsDB) is the leading development partner for Senegal, IsDB has been supportive of Senegal by providing financing for several development projects that have direct impact on the lives of the people”
Former President of Senegal, H.E. Macky Sall
"We are grateful to the Islamic Development Bank for its timely support of our anti-crisis measures. To this day, the Bank has approved 30 major investment projects in Uzbekistan in health, education, agriculture, water supply, drinking water supply, road infrastructure and construction of affordable housing in rural areas worth over US$ 2.5 billion”
President of Uzbekistan, H.E. Shavkat Mirziyoyev
"The Islamic Development Bank is an institution for sustainable development and more. It is not just a bank. On behalf of the People and Government of Suriname, I express my sincere appreciation to the Islamic Development Bank"
President of Suriname, H.E. Chandrikapersad Santokhi
"I thank the Islamic Development Bank Group, the member countries, and all the staff of the Group for the services they provide to the Ummah. I also pray to Allah Almighty to perpetuate security and prosperity for our Islamic nations"
Minister of Finance of Saudi Arabia, H.E. Mohammed Al Jadaan
"As the country with the largest Muslim population in the world and with a great wealth of experience in dealing with global priority agenda, Indonesia is committed to working closely with IsDB to make a positive and long-lasting impact on the Muslim Ummah and the global community at large. The world and the Muslims in particular need to rebuild better and stronger, and this partnership between Indonesia and IsDB will continue to build solidarity towards that purpose, Inshallah"
Minister of Finance and IsDB Governor for Indonesia, H.E. Dr. Sri Mulyani Indrawati
“We commend the IDB Group Boards Members, management and staff for the major achievements in the course of the past 40 years that have acquired the Group a prestigious place on the world’s socio-economic development map. Kingdom of Saudi Arabia and other member countries are proud of the Bank’s progress, high volume of its activities, diversity of its operations, flexibility of its mechanisms and its transformation into a constellation of institutions working in various development fields”
Former Minister of Finance of Saudi Arabia, H.E. Dr. Ibrahim Abdulaziz Al-Assaf
“I congratulate the President and all members of the IsDB Group for the laudable achievements that the IsDB Group has continued to record over the years, as well as for the current initiatives aimed at supporting the efforts of our Member States to promote socio-economic development on a sustainable basis”
Secretary-General of OIC, H.E. Mr. Hussein Ibrahim Taha
“You have been working very closely with the United Nations on water issues, food crisis issues, also gender empowerment, sanitation and global health issues, and climate change. All of these are important areas where the United Nations and the Islamic Development Bank have been working very closely together”
Former UN Secretary-General, H.E. Ban Ki-moon
“Islamic Development Bank has had a significant impact on its member countries. It has enhanced the economic and financial linkages between the member countries. Also, it has supported and facilitated the development of the financial infrastructure, in particular for Islamic finance, in the member countries”
Former Governor of Bank Negara Malaysia. H.E. Dr. Zeti Akhtar Aziz
“I am enthusiastic about our collaboration with the Islamic Development Bank. The Bank's innovative approach to financing is helping to address some of the world's most pressing health and development challenges, including the urgent need to end polio forever”
Bill Gates
“I thank the IsDB for being a steadfast partner, contributing to co-financing operations that have exceeded the initial target of $2 billion, reaching $2.4 billion and making a difference across 14 countries through 19 projects. These projects span critical sectors such as agriculture, energy, water and sanitation, transport, and health, all aligning with the SDGs and the African Union’s Agenda 2063: The Africa We Want"
President of African Development Bank, H.E. Akinwumi Adesina
“King Faisal – may Allah have mercy on him – saw in Islamic solidarity an opportunity to unite the Muslim countries and take joint action to serve the Ummah. It was from this belief that the idea of the Islamic Development Bank emerged, an institution that brings the Muslim countries together to support economic and social development, while adhering to the principles of Shari’ah and establishing the values of cooperation and solidarity among the Muslim Ummah.”
His Royal Highness Prince Turki Al-Faisal Al Saud Former Ambassador of the Kingdom of Saudi Arabia to the United States of America
“The Islamic Development Bank would not have become this great edifice without the steadfast support of the Kingdom of Saudi Arabia and its wise leadership, from the time of King Faisal – may Allah have mercy on him – until the present day. The Bank embodies the unity of the Ummah, achieves great leadership in Islamic economics, and supports development in its member countries and Muslim communities abroad, while maintaining strict compliance with Shari’ah.”
H.E. Dr. Ahmad Mohammad Ali First and Honorary President, IsDB
“The creation of the Islamic Development Bank was guided by the vision of King Faisal – may Allah have mercy on him – and by the commitment of the Kingdom of Saudi Arabia to strengthening Islamic solidarity and joint action among Muslim countries. Founded on the principles of Shari’ah, justice and cooperation, the Bank is an effective tool for supporting economic and social development in the member countries and Muslim communities, embodying the true values of the Ummah.”
H.E. Dr. Muhammad Al Jasser Chairman, IsDB Group
“The Bank is a story of success and determination, supported by the resolve of its member countries and the Board of Governors, particularly the Kingdom of Saudi Arabia which has provided approximately 25% of the Bank’s capital. The Kingdom of Saudi Arabia has been providing the Bank since its inception with financial, technical and moral support. Over the decades, the Bank has financed more than 12 000 projects and provided over 19 000 scholarships. It has expanded its reach through regional hubs and international partnerships, confirming its leading position in Islamic finance and the economic and social development of Muslim and non-Muslim communities.”
H.E. Dr. Bandar Hajjar Former Chairman, IsDB Group
“Praise be to Allah! Since its inception, the Islamic Development Bank has been achieving historical milestones. It has been a successful project. Without Allah’s blessing and if the Bank did not exist, projects implemented in Africa and East Asia would not have seen the light of day. Fifty years of continuous work have enabled the Bank to reach many regions around the world and produce a lasting development impact. The appointment of Dr Ahmad Mohammad Ali as its president was the sign of remarkable achievements to come for the Bank. Truly, his expertise and skills exceeded all expectations.”
H.E. Muhammad Aba Al-Khail Former Saudi Minister of Finance
“In the late 1960s, the Kingdom of Saudi Arabia, under the leadership of King Faisal – may Allah have mercy on him – sought to foster stronger ties between Muslim countries and further joint action within the Muslim world. That was how the Islamic Development Bank got established – an OIC economic institution, focusing on human capital, infrastructure, education and health in the member countries, thanks to the continuous financial and administrative support of the Kingdom of Saudi Arabia. This support reflects the Kingdom’s insightful vision and commitment to serving the Muslim world.”
H.E. Abdulaziz Al-Quraishi Former Governor, SAMA
“The Islamic Development Bank is more than just a financial institution. It is the symbol of cooperation and solidarity among Muslim countries. It is a platform that translates the Islamic principles into tangible development projects, serving the entire humanity and promoting economic and social growth throughout the Muslim world.”
H.E. Osama Fakih Former Chairman, IsDB Group
“The Islamic Development Bank is more than just a financial institution. Since its establishment in 1975, it has grown from an ambitious idea into a global financial leader. It combines efficient administration, member countries’ unfailing support and innovative Islamic financing instruments to produce tangible economic and social development impacts that are recognized internationally.”
H.E. Dr. Ibrahim Al-Assaf Former Saudi Minister of Finance
“The Islamic Development Bank is a cornerstone of Islamic solidarity and development across member countries. With the cooperation of all Governors and member countries. The leadership of the Kingdom of Saudi Arabia will continue to support the Bank in the years ahead, and we equally look forward to the continued commitment and support of all member countries.”
H.E. Mr. Mohammed Al-Jadaan Saudi Minister of Finance
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