Islamic Development Bank (IsDB)

Unverified
XFID Unique Identifier for Islamic Development Bank (IsDB): XOGNH7CVNM
3 Second Party Opinions
1 Framework

Press Coverage (2)

News and trade press mentioning this issuer, tracked in the registry.

XF Company Profile

Extra-financial information found across 4 documents in the XframeworkID registry

NACE U Extraterritorial Organisations

Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.

Issuer Identity & Structure

Issuer name and country/jurisdiction
Islamic Development Bank, Saudi Arabia SPO 2025 2025
Issuer sector/industry classification
Financial services; Extraterritorial Organisations SPO 2025 2025
Issuer type
Multilateral development financing institution FRAMEWORK 2019 2019
Issuer founding year
1973 FRAMEWORK 2019 2019
Core business activities and geographic focus
Promoting social and economic development in Muslim countries and communities worldwide; multilateral development financing with 57-member states FRAMEWORK 2019 2019
Issuer organizational structure
Multilateral development bank with developing countries as sole membership and shareholder base (south-south bank) FRAMEWORK 2019 2019

Corporate Strategy & Mission

Corporate mission and sustainability strategy
To improve lives by promoting social and economic development; committed to UN SDGs; boost sustainability commitment through sustainable financing; deliver environmentally sustainable growth in socially responsible and transparent manner FRAMEWORK 2019 2019
Sustainability strategy pillars and focus areas
Climate Change, Food Security, Global Value Chains, Health, Humanitarian Relief, Infrastructure, Poverty Alleviation, Quality Education for All, Science/Technology/Innovation, Sustainable Cities, Water & Sanitation, Women & Youth Empowerment FRAMEWORK 2019 2019
Corporate purpose statement relating to sustainability
IsDB Group is committed to UN SDGs; dedicated to solving development challenges of member countries FRAMEWORK 2019 2019

Green / Sustainable Finance Framework

Sustainable bond framework name and version
Islamic Development Bank Sustainable Finance Framework, November 2019 FRAMEWORK 2019 2019
Bond types covered under framework
Green Sukuk, Social Sukuk, Sustainability Sukuk SPO 2019 2019
Framework publication date and update history
November 2019 FRAMEWORK 2019 2019
Eligible use-of-proceeds categories
Broadly defined project categories covering climate change, infrastructure, essential services, housing, socioeconomic disparities mitigation; some projects can address environmental and climate impacts SPO 2025 2025
Exclusion criteria for ineligible projects or sectors
Direct investments in fossil fuel extraction, production and transport; new and existing fossil fuel power plants SPO 2019 2019
Reporting commitments under framework
Annual impact reporting; project allocation reporting; impact metrics reporting aligned with ICMA Handbook recommendations SPO 2020 2020

Standards & Regulatory Alignment

Alignment with ICMA Green Bond Principles
Aligned SPO 2025 2025
Alignment with ICMA Social Bond Principles or Sustainability Bond Guidelines
Aligned with Social Bond Principles (ICMA, 2025) and Sustainability Bond Guidelines (ICMA, 2021) SPO 2025 2025
Alignment with UN Sustainable Development Goals
Aligned; IsDB committed to prioritizing UN SDGs in accordance with specific development needs of member countries FRAMEWORK 2019 2019

External Review & Verification

Second Party Opinion (SPO) provider name and assessment date
S&P Global Ratings, July 30, 2025 SPO 2025 2025
SPO preliminary evaluation or credibility rating
No weaknesses to report; strengths noted in eligible projects addressing range of social and environmental issues SPO 2025 2025
Assurance provider name and engagement period
CICERO Green, 2020 SPO 2020 2020
Assurance scope
Project allocation against framework criteria; impact metrics for relevance and transparency SPO 2020 2020
External framework assessment rating
No discrepancies found; impact indicators relevant; reporting aligned with ICMA Handbook SPO 2020 2020

Changes Over Time

Items where disclosed information changed across documents.

Issuer name
2019 Islamic Development Bank
2019 Islamic Development Bank (IsDB)
2020 Islamic Development Bank
Corporate purpose statement relating to sustainability
2019 Boost commitment towards sustainability through issuance of Sukuk to finance sustainable investments and deliver environmentally sustainable growth in a socially responsible and transparent manner
2019 Advance the SDGs through multilateral development financing
Framework publication date
2019 November 2019
2025 July 30, 2025
Bond types covered under framework
2019 Sukuk
2020 Green Sukuk
2025 Green bonds, social bonds, sustainability bonds
Alignment with UN Sustainable Development Goals
2019 Framework aligns with UN SDGs; IsDB committed to prioritizing UN Sustainable Development Goals in accordance with specific development needs of Member Countries
2019 Framework supports advancement of the SDGs
Sustainable bond framework name
2019 Islamic Development Bank Sustainable Finance Framework
2020 IsDB Sustainable Finance Framework
Refinanced vs. newly financed project distinction
2019 Framework finances or refinances projects
2020 65% refinancing, 35% newly financed
Eligible use-of-proceeds categories
2020 Wastewater management, flood mitigation, renewable energy and other environmental projects
2025 Projects addressing social and environmental issues; infrastructure and utilities with climate/environmental mitigation; essential services, infrastructure, housing, and socioeconomic disparities
Alignment with ICMA Green Bond Principles
2020 Aligned - reporting follows ICMA Handbook Harmonized Framework for Impact Reporting
2025 Aligned
SPO assessment date
2020 December 22, 2020
2025 July 30, 2025
SPO assessment scope
2020 Project allocation against framework criteria and impact metrics for relevance and transparency
2025 Alignment of sustainable finance framework with third-party published sustainable finance principles and issuer's material sustainability factors