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Get to know Islamic Development Bank

Established in 1975, the Islamic Development Bank (IsDB) is a multilateral development bank (MDB) headquartered in Jeddah, Saudi Arabia. Its primary mission is to foster economic development and social progress in its 57 member countries. The IsDB finances development projects by providing Shari'ah-compliant financing, including loans, grants, and technical assistance for projects in sectors like infrastructure, agriculture, health, and education. It also plays a crucial role in promoting Islamic finance globally, facilitating trade among member countries, and providing support for Muslim communities in non-member countries.

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Islamic Development Bank

Saudi Arabia

Founded in

1975 (51 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.