Ihsan Waqf Investment Funds, (IWIF)​ With Banks and Financial Institutions


The decision to establish the Islamic Solidarity Fund for Development (ISFD) was reached by the Third Extraordinary Session of the OIC Summit held in Makkah Al-Mukarramah on 05-06 Dhul Qadah, 1426H (07-08 December, 2005). The Summit decided to establish a special fund within the IDB with a view to:

(a) Reduce poverty,

(b) Build the productive capacities of member countries,

(c) Reduce illiteracy, and

(d) Eradicate diseases and epidemics,depending on its paid capital (US$ 2.548 million) 

 

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