At a recent meeting, the Board of Directors of the Islamic Solidarity Fund for Development (ISFD) approved an amount of US$ 72.2 million for new projects in five member countries within the framework of its programmes for vocational literacy, microfinance, communicable diseases (Aids & Malaria), water and sanitation, in addition to other Country Based Multi-Sector Programmes.
The Board which held its 8th meeting at the Islamic Development Bank Group headquarters in Jeddah under the chairmanship of H.E. Dr. Ahmad Mohamed Ali the Chairman of the ISFD Board of Directors reviewed a progress report on the Fund performance and its future plans.
The new approvals cover different poverty alleviation projects in Bangladesh, Indonesia, Burkina Faso, Jordan, and Chad.
The ISFD was officially launched in 2007 during the 32nd annual meeting of the IDB Board of Governors in Dakar, Senegal with a target capital of ten billion dollars.

The Fund aims to combat poverty in member countries on basis of a decision of the Third Extraordinary Islamic Summit held in Mecca in December, 2005 .

Details of the approved projects are as follows:
- US$ 18 million loan for improving rural households livelihoods through solar energy project, Bangladesh.
- US$ 15 million loan for integrated community driven development project, Indonesia.
- US $ 12 million loan for the Dangoumana Hydro-agricultural Development Project, Burkina Faso.
- US$ 6.05 million loan for the Microfinance Project, Chad.
- US$ 11.2 million loan towards the Arboutchatak-Bitkine Road Project, Chad.
- US$ 10 million for the Microfinance Support Program (MFSP), Jordan.