At the Islamic Development Bank, we equip people with the tools they need to build a sustainable future for themselves, their communities and their countries, putting the infrastructure in place to enable them to reach their full potential.

We build collaborative partnerships between communities and nations, across our 57 member nations. We bring together the public and private sectors as well as with civil societies and the development sector through Public Private Partnerships and other joint projects, such as the IsDB/Gates Foundation Lives and Livelihoods Fund.

We are global leaders in Islamic finance, providing long term sustainable and ethical financing structures to underpin our project investments. In the last two decades, the IsDB has secured an AAA rating, and become the largest global issuer of Sukuk, through which we fund research and training to develop the future of Islamic banking and finance. We have successfully deepened and broadened our investor base and enhanced our profile in the international capital markets.

We foster innovative and sustainable solutions to the world’s greatest development challenges, as we work towards UN Sustainable Development Goals.

We boost the value chain of developing economies by investing in training and skills, research and development, so they can generate and retain greater economic prosperity at home, instead of exporting that value abroad.

IsDB Procurement Policy and Guidelines

The Islamic Development Bank (IsDB) collaborates with beneficiaries of its financing to ensure that the procurement of bank-financed projects and programs adheres to the Bank’s policies, guidelines, and procedures. This ensures that funds are used for their intended purposes. The Project Procurement and Financial Management Division of the Bank is responsible for providing the necessary policy and guidance to achieve this mandate.

IsDB’s procurement guidelines help beneficiaries maximize Value for Money (VfM) by achieving optimal benefits with the resources utilized. These guidelines also assist bidders in preparing bids and executing contracts that meet the high standards required by IsDB and its beneficiaries for consultants, goods, works, and related services.

The Bank adheres to core procurement principles of economy, efficiency, fairness, and effectiveness. These principles are embedded in the Bank’s procurement policies and procedures. In supporting beneficiaries to achieve sustainable development with integrity and transparency, the Bank encourages the development of procurement approaches that are fit-for-purpose and reflect VfM through the application of IsDB's core procurement principles, procedures, and processes.

To find out more, please contact:

Project Procurement & Financial Management Division (PPFM)
Islamic Development Bank
P.O.Box 5925
Jeddah, 21432, Kingdom of Saudi Arabia
Tel:  00966 12 6466987
Fax: 00966 12 6466966
E-mail: PPFM@isdb.org