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The Islamic Development Bank (Arabic: البنك الإسلامي للتنمية) is a multilateral development finance institution that is focused on Islamic finance for infrastructure development and located in Jeddah, Saudi Arabia. There are 57 shareholding member states with the largest single shareholder being Saudi Arabia.
It was founded in 1973 by the Finance Ministers at the first Organization of the Islamic Conference (now called the Organization of Islamic Cooperation) with the support of the King of Saudi Arabia at the time (Faisal) and began its activities on 3 April 1975.
Obverse
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Depicts the Minarets of Al-Azhar Mosque and Masjid al-Haram (as unity between Egypt and KSA), the globe behind it above grasped hands, Cairo and cogwheel below between grain stalks flank and surrounded by the inscription "15th annual meeting of governors for the Islamic Development Bank". المؤتمر السنوى الخامس عشر لمجلس محافظي البنك الإسلامي للتنمية |
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Reverse
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Depicts a tughra "Arab Republic of Egypt" dividing dates (left Gregorian date, right Hejira date) above inscription in English and value below. ١٤١١ جمهورية مصر العربية ١٩٩١ |
Edge |
5 Pounds
Islamic Development Bank
15th Annual Meeting
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KM# 692 Schön# 412
Islamic Development Bank
15th Annual Meeting