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Makkah : The Utilization of Sacrificial Meat (Adahi) is a project undertaken by Saudi Arabia in collaboration with the Islamic Development Bank (IDB) that aims to distribute sacrificial meat among over 30 million people in 27 countries in the Asian ...

Jeddah : The Islamic Development Bank’s “AAA” credit rating was recently reaffirmed with a “Stable Outlook” by Moody’s. Concurrently, the trust certificates issued by IDB Trust Services Ltd have also been affirmed at ‘AAA’. The ratings and the stable outlook ...

Jeddah : The Islamic Development Bank (IDB) will strongly support the government of Somalia in strengthening livestock market through capacity building for the benefit of the country’s economy. IDB President Dr. Bandar Hajjar disclosed this during talks with Somalia’s minister ...

Jeddah : Around 20,000 seasonal staffers from seven countries will be engaged in carrying out the Saudi Project for the Utilization of Sacrificial Meat (ADAHI) for this year’s Hajj. Mousa Al-Akkasi, general supervisor of the project, said that heads of ...

Jerusalem (IINA) – The Palestinian Housing Council (PHC) and Islamic Development Bank (IDB) signed on Monday an agreement worth $3 million to finance housing and infrastructure support project in the occupied city of Jerusalem. The agreement was signed by Engineer ...

Jakarta (IINA) – Indonesia is to cooperate with the Islamic Development Bank (IDB) Group in financing several infrastructure programs, one of which concerns the improvement of slum areas, Jakarta Post (JP) reported. The two sides will sign a member country ...

By SIRAJ WAHAB JEDDAH: The Jeddah-based Islamic Development Bank (IDB) has signed a SR200 million agreement with an Indian non-governmental organization (NGO) to provide medical care for poor rural people. The money is part of a SR1 billion donation which ...

Jeddah, (IINA) – The Board of Executive Directors of the Islamic Development Bank (IDB) has approved financing several major new and also ongoing projects during its 309th meeting here on Tuesday. Four OIC member states – Kazakhstan, Lebanon, Pakistan and ...

Kuwait City, (IINA) – President of the Islamic Development Bank (IDB) Group Dr. Ahmad Mohammed Ali has called on experts in Islamic finance to take advantage of existing technologies and business approaches like mobile banking to develop smart Islamic microfinance, ...