Mapping Malaysia's Resource Centres

11 MAPPING MALAYSIA’S RESOURCE CENTRES The Islamic Development Bank (IsDB) is a Multilateral Development Bank (MDB), established in accordance with Articles of Agreement done at the city of Jeddah, Kingdom of Saudi Arabia in 1394H (1974). In accordance with the principles of Shari’ah (Islamic Law), IsDB’s main objective is to deliver impact at scale by fostering economic development and social progress among member countries and Muslim communities in non-member countries. In 1975, Malaysia became a member of IsDB and currently holds a 1.63% voting stake in Constituency C2, alongside constituency members Indonesia, Brunei Darussalam, Suriname and Guyana. Today, IsDB is made up of 57 Member Countries (MCs) whom - as a membership prerequisite - are all members of the Organisation of Islamic Cooperation (OIC). MCs pay the first instalment of its minimum subscription to the Capital Stock of the IsDB and must accept any terms and conditions that may be decided upon by the Board of Governors. The IsDB head office is located in Jeddah, Kingdom of Saudi Arabia and it also has regional offices in Kuala Lumpur, Malaysia; Rabat, Morocco; Almaty, Kazakhstan; and Dakar, Senegal. The IsDB Regional Office Kuala Lumpur (RoKL) commenced its activities in 1995 to focus on servicing the MCs and Muslim communities within Southeast Asia, closely pursuing the IsDB strategy to develop projects under its jurisdiction. ABOUT ISLAMIC DEVELOPMENT BANK (IsDB)