The Islamic Development Bank is an international financial institution that aims to foster the economic development and social progress of member countries and Muslim communities individually as well as jointly in accordance with the principles Islamic Law. The functions of the Bank are to participate in equity capital and grant loans for productive projects and enterprises besides providing financial assistance to member countries in other forms for economic and social development. It is also charged with the responsibility of assisting in the promotion of foreign trade especially in capital goods, among member countries; providing technical assistance to member countries; and extending training facilities for personnel engaged in development activities in Muslim countries to conform to the principles of Islamic Law. The present membership of the Bank consists of 56 countries.
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