New finances approved for the IBD

The Islamic Bank for Development (IBD) has approved new finances estimated at more than US $ 300 million for IBD member states and the Islamic communities as smooth, non- profitable loans including US $ 19 million for the Palestinians in support of the Palestinian Intifada.

The bank said that it had proposed financing operation estimated at US$885 million for the Hijra Fiscal year, which starts, by the end of March against US$ 827 million for this year.