The Islamic Development Bank: Difference between revisions
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==Establishment and Founders== | ==Establishment and Founders== | ||
* Founding Year: 1975 (Islamic Development Bank, 2018)<ref>Islamic Development Bank. (n.d.-a). Empowering people, building communities. https://www.isdb.org</ref>. | * Founding Year: 1975 (Islamic Development Bank, 2018)<ref>Islamic Development Bank. (n.d.-a). Empowering people, building communities. https://www.isdb.org</ref>. | ||
* Founders: Finance Ministers of OIC member states, with Saudi Arabia’s King Faisal playing a pivotal role (Wikipedia, n.d.) | * Founders: Finance Ministers of OIC member states, with Saudi Arabia’s King Faisal playing a pivotal role (Wikipedia, n.d.)<ref>Wikipedia. (n.d.). Islamic Development Bank. https://en.wikipedia.org/wiki/Islamic_Development_Bank</ref>. | ||
* Initial Capital: 755 million Islamic dinar (Islamic Development Bank, 2018)<ref>Islamic Development Bank. (n.d.-a). Empowering people, building communities. https://www.isdb.org</ref>. | * Initial Capital: 755 million Islamic dinar (Islamic Development Bank, 2018)<ref>Islamic Development Bank. (n.d.-a). Empowering people, building communities. https://www.isdb.org</ref>. | ||
* Major Shareholders: As of 2024, the largest shareholders are Saudi Arabia (22.5%), Libya (9.03%), Indonesia (7.94%), and Iran (7.90%) (Wikipedia, n.d. | * Major Shareholders: As of 2024, the largest shareholders are Saudi Arabia (22.5%), Libya (9.03%), Indonesia (7.94%), and Iran (7.90%) (Wikipedia, n.d.<ref>Wikipedia. (n.d.). Islamic Development Bank. https://en.wikipedia.org/wiki/Islamic_Development_Bank</ref>; Nour News, n.d.). | ||
==Financial Sponsors== | ==Financial Sponsors== |