| From Aawsat.com: The Islamic Development Bank was founded in 1975 as part of the vision and as a result of the aid of King Faisal Bin Abdulaziz, may God rest his soul. The goal of this bank was to support the economic and social development of the Organization of the Islamic Conference [OIC] member states, as well as the development of Muslim communities present in non-OIC member states, in accordance with the provisions of Islamic Shariah Law.
When the Islamic Development Bank was first established many Muslim countries were newly established, having been founded following independence from colonialism.......................................Full Article: Source
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