2005 News Story

Islamic Development Bank donates $10 million to tsunami victims

The Jeddah-based Islamic Development Bank (IDB) has allocated U.S. $10 million in emergency aid to Indonesia, the Maldives, Somalia, Thailand, India and Sri Lanka. The Bank has also dispatched a delegation to the affected areas to survey the devastation and coordinate relief efforts with local authorities.


The Islamic Development Bank is a multilateral financing institution established in 1973 to foster social and economic development of member countries and Muslim communities world-wide.  IDB currently has fifty-five members. The Bank's principal office is in Jeddah, Saudi Arabia with three regional offices in Morocco, Malaysia, and Kazakhstan.  IDB has field offices in Indonesia, Iran, Kazakhstan, Libya, Pakistan, Senegal, Sudan, Gambia, Guinea Bissau, Mauritania, and Algeria.