Founded in 1973, the Islamic Development Bank (“IsDB”) is a multilateral development financing institution, with 57member states, and an observer at the United Nations General Assembly. IsDB aims to improve the lives of those it serves by promoting social and economic development in Muslim countries and communities worldwide, delivering impact at scale. As the only multilateral development bank to solely have developing countries as its membership and shareholder base, IsDB is essentially a ‘south south’ bank, driven by the desire to work together to address the challenges faced by humanity. The Bank is committed to prioritizing the UN Sustainable Development Goals in specific development needs of its Member Countries. ordnance with the As part of these ambitions, IsDB aims to boost its commitment towards sustainability through the potential issuance of Sukuk to finance sustainable investments. The issuance of Sukuk under this Sustainable Finance Framework will enable the Bank to diversify its sources of funding, while enhancing IsDB’s sustainability profile as well as helping the Bank to continue to deliver environmentally sustainable growth in a socially responsible and transparent manner.

The IsDB Group is committed to the UN SDGs, recognizing that development objectives will vary from one member country to another. IsDB’s motivation to participate in achieving the SDGs comes from its dedication to solving t he development challenges of its member countries. The IsDB group has established a dedicated Community of Practice (CoP) to raise awareness and develop core expertise, generate knowledge and provide an intellectual environment to discuss innovative solutions for member countries to achieve SDGs. IsDB understands that there is a huge financing gap to achieve these goals help bridge this financing gap. IsDB is widening its scope of activities beyond financing projects to also become a facilitator and a catalyst for mobilizing resources and finding development solutions from across the globe. While introducing this new facilitator and catalyst role as its strategic intent, IsDB will continue to finance projects to achieve its objectives. These projects will address basic developmental needs in terms of poverty, health and education in low income countries (LICs) and countries in conflict.