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Top 7 Alternatives to the Islamic Development Bank

By Gregor K. published about 2022-12-24 07:05:53

Are you looking for websites similar to the Islamic Development Bank? Don't worry, we've got you covered! In this article, we'll provide you with a comprehensive list of websites that offer similar services to the Islamic Development Bank. From economic development to financing and research, these websites provide a variety of services for those interested in developing countries and Muslim communities. We'll provide links and descriptions for each website, so you can find the one that best suits your needs. So, without further ado, let's get started!

Islamic Development Bank

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https://www.isdb.org/
Financial Inclusion Poverty Alleviation Sustainable Development

The Islamic Development Bank (IsDB) is a multilateral financial institution that provides assistance to its 57 member countries, in addition to Non-Member Countries, and Muslim communities in non-member countries. IsDB delivers its services to its members through its specialized institutions, including the Islamic Research and Training Institute (IRTI), the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), and the Islamic Solidarity Fund for Development (ISFD).

Features

  • Provides subsidized financial services to its members
  • Offers special economic and development assistance to the poorest and most vulnerable countries
  • Supports private sector development
  • Provides assistance to infrastructure projects
  • Supports capacity building and knowledge sharing

Table of Contents

Islamic Development Bank Alternatives

Asian Development Bank

Poverty Alleviation Financial Inclusion
The Asian Development Bank (ADB) is a regional development bank established in 1966, which is dedicated to reducing poverty in Asia and the Pacific through investments in infrastructure, health care, education, and other social services. The ADB also invests in private sector projects, provides grants and technical assistance to help governments, and works with the private sector to develop projects.

Both focus on development initiatives in the Asia-Pacific region.

Asian Development Bank focuses on infrastructure, education and health, whereas Islamic Development Bank focuses on promoting economic development, social progress and poverty reduction in the Islamic world.

Is Asian Development Bank a good alternative?
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International Monetary Fund

Discontinued Currency Exchange
The International Monetary Fund (IMF) is an organization of 189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Both promote economic growth and development in countries around the world.

The International Monetary Fund focuses on macroeconomic and financial policy issues, whereas Islamic Development Bank focuses on promoting economic development, social progress and poverty reduction in the Islamic world.

Is International Monetary Fund a good alternative?
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World Bank

Financial Inclusion Poverty Alleviation Sustainable Development
World Bank is a global development institution that focuses on providing financial and technical assistance to countries in order to reduce poverty and stimulate economic growth. The organization works with governments, civil society organizations, the private sector and other partners to develop innovative solutions to the world’s most pressing challenges.

Both provide financial and technical assistance to developing countries.

The World Bank has a global focus, whereas Islamic Development Bank focuses on promoting economic development, social progress and poverty reduction in the Islamic world.

Is World Bank a good alternative?
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European Investment Bank

Financial Services Investment Opportunities
The European Investment Bank is the European Union’s long-term financing institution. It is a pillar of the European project and a driving force behind European integration. It helps projects across Europe by providing loans, guarantees, and equity for projects that support the EU’s objectives and help bridge the financing gap facing the European economy.

Both promote economic development in their respective regions.

The European Investment Bank focuses on investing in projects in the European Union, whereas Islamic Development Bank focuses on promoting economic development, social progress and poverty reduction in the Islamic world.

Is European Investment Bank a good alternative?
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African Development Bank

Development Banking Economy Infrastructure Education
The African Development Bank (AfDB) is a regional multilateral development finance institution established to contribute to the economic development and social progress of African countries. The AfDB’s mission is to fight poverty and improve living conditions on the continent, by mobilizing and allocating resources for investment projects and programs that are likely to have a measurable impact on the lives of people in Africa.

Both promote economic development in their respective regions.

The African Development Bank focuses on investing in projects in Africa, whereas Islamic Development Bank focuses on promoting economic development, social progress and poverty reduction in the Islamic world.

Is African Development Bank a good alternative?
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Inter-American Development Bank

Development Finance Poverty Alleviation Sustainable Development
The Inter-American Development Bank (IDB) is a multilateral financial institution that works to promote development and economic integration in Latin America and the Caribbean. The IDB provides loans, technical assistance, and grants to governments and private entities in the region.

Both promote economic development in their respective regions.

The Inter-American Development Bank focuses on investing in projects in Latin America and the Caribbean, whereas Islamic Development Bank focuses on promoting economic development, social progress and poverty reduction in the Islamic world.

Is Inter-American Development Bank a good alternative?
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Arab Fund for Economic and Social Development

Sustainable Development Poverty Alleviation
The Arab Fund for Economic and Social Development is an international development finance institution established in 1974 by the governments of the Arab League member countries. Its mission is to contribute to the economic and social development of Arab countries and to foster economic integration and Arab economic unity. Its resources come from the capital investments of founders and the contributions of member countries and other donors.

Both promote economic development in their respective regions.

The Arab Fund for Economic and Social Development focuses on investing in projects in the Arab world, whereas Islamic Development Bank focuses on promoting economic development, social progress and poverty reduction in the Islamic world.

Is Arab Fund for Economic and Social Development a good alternative?
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History of Islamic Development Bank

The Islamic Development Bank is an international financial institution established in 1975 with the purpose of providing financing for economic and social development in member countries and Muslim communities worldwide. It is headquartered in Jeddah, Saudi Arabia and has since grown to become one of the largest development banks in the world, with over 57 member countries across four continents. The Bank provides loans, grants, guarantees, and other types of financing to support sustainable development efforts, particularly in the fields of agriculture and infrastructure.

Islamic Development Bank Status

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Comments

  • K. Patel

    Is there a Christian Development Bank? Asking for a friend.

    2023-03-17 05:22:05 ·
  • Adele M.

    Sounds like a great place to get a loan for a new camel!

    2023-05-30 21:27:23 ·
  • Tommy L.

    I'll take 'Websites That Sound Important but I Don't Know What They Do' for $500, Alex!

    2023-10-06 13:14:32 ·
  • H McLeod

    Is there an Atheist Development Bank? That's what I really need.

    2024-01-05 18:31:50 ·
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