The Islamic Development Bank Institute is the knowledge entity of the Islamic Development Bank Group, responsible for leading the development of innovative knowledge solutions by leveraging the principles of Islamic economics and finance. It aims to support sustainable economic progress in member countries and all Islamic communities worldwide. The institute is headquartered in Jeddah Governorate, Kingdom of Saudi Arabia.
Establishment of the Islamic Development Bank Institute
The Islamic Development Bank Institute was established in 1981 under the name Islamic Research and Training Institute. In 2021, the name was changed to the Islamic Development Bank Institute. The reasons for selecting the new name include aligning the institute's name with the Islamic Development Bank's modern business model and the president's five-year program. Additionally, the new name reflects the institute's mission to lead innovative knowledge solutions to achieve sustainable development in member countries.
Islamic Development Bank Institute services
The Islamic Development Bank Institute offers a range of services to member countries to address various economic challenges. These services include providing innovative knowledge solutions, offering economic analyses and pioneering original research, developing human capital, contributing to the publication of works on Islamic economics and development, providing technical and advisory services, and generating, managing, and disseminating knowledge.
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