The Islamic Development Bank: its origins, purposes, functions and operations, 1975-1983 (M.A. Dissertation)

The question posed in this study is whether the finance practices of the IDB conform with Islamic principles of finance and banking, as stated in the provisions of the IDB's charter. The author conducts an analysis of these activities focusing on the modes of financing adopted by the IDB to promote social and economic progress in member countries. Despite religious and economic commitments, the IDB's operations are not in accordance with the self-imposed guidelines stated in its charter. The author concludes that the apparent failure of the IDB to achieve its ambitious objectives is attributed to several economic and political problems that are deeply entrenched in the social system it is meant to serve.