The Islamic Development Bank (IsDB) is a multilateral development bank established in 1975. It aims to promote comprehensive human development, focusing on priority areas of alleviating poverty, improving health, promoting education, improving governance, and bringing prosperity.
The IsDB collaborates with ADB in transport, energy, urban development and services, education, agriculture, health, regional cooperation, private sector development, public–private partnership, trade financing, and trade development. Priority support is given to Azerbaijan, Bangladesh, Indonesia, Kazakhstan, the Kyrgyz Republic, Maldives, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan.
In November 2022, high-level consultation between the IsDB and ADB, led by Mansur Muhtar, IsDB vice president of operations, and Shixin Chen, former ADB vice-president, reviewed the progress of the partnership and addressed the challenges in their common member countries. They identified collaboration opportunities in COVID-19 recovery, climate change, food security, and education.
In December 2024, ADB participated in the IsDB Scholarship Forum “Enhancing the IsDB Scholarship Program," which brought together experts, practitioners, and beneficiaries to explore the long-term impacts of IsDB scholarship programs and develop sustainability strategies.
12 November 2024
Multilateral development banks issued a joint statement at COP29 in Baku outlining financial support and other measures for countries to achieve ambitious climate outcomes.
15 October 2024
Two new publications released today by the GEMs Consortium—a group of 26 multilateral development banks and development finance institutions—provide further insights on the level of credit risk in emerging markets and developing economies, according to the investment experience of consortium members.
ADB, together with partners Asian Infrastructure Investment Bank, Islamic Development Bank, and Japan Fund for the Joint Crediting Mechanism, is supporting the government’s efforts to do so by establishing a regional solid waste management facility equipped with waste-to-energy technology.
Owning a house has become a reality for many rural households in Uzbekistan, with the Rural Housing Scheme providing mortgage loans to homebuyers from rural communities and financing opportunities for women to establish small businesses.
Access to low-cost financing with limited collateral requirements has inspired many women to start family businesses in beautiful Maldives.
Affordable homes in Uzbekistan’s rural areas are providing local women with security and stability, as well as access to mortgages and business loans.
ADB and the Islamic Development Bank collaborated on several knowledge products and events, including the following:
ADB, the World Bank, and the Islamic Development Bank presented procurement policies and best practices at a Joint Business Opportunity Seminar held in Islamabad by the Contractors Association of Pakistan and the Association of Consulting Engineers Pakistan in collaboration with the multilateral development banks.
On the International Day for the Elimination of Violence Against Women in 2024, multilateral development banks were united in their efforts to create a world where women and girls live free from violence.
This report analyzes how Islamic finance can be scaled up to help build urgently needed climate-resilient infrastructure in the Asia and Pacific region, and ensure its post–COVID-19 recovery is green, sustainable, and inclusive.
The Islamic Development Bank contributes to ADB’s development initiatives through cofinancing.
