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The Islamic Development Bank, established in 1975, which brings together 56 countries of the Muslim ummah, has three major strategic objectives: the promotion of Islamic financial institutions and other Islamic institutions, the reducing of poverty and promotion of cooperation between member countries.

These objectives are pursued through "six priority areas": human development, agricultural development and food security, infrastructure development, trade among member countries, development of private sector research and development in the field of Islamic economy, banking and finance. It is thus that trade plays a crucial role for the IDB, since it appears both in its three strategic goals and in its six priority areas for action. The strategic framework justifies this option, noting that "trade is a means to improve cooperation and enhance the economic development of member countries".

Following this choice, the IDB group includes several branches of trade finance:

The Corporation of Islamic investment insurance and export credits (Islamic Corporation for Insurance of Investment Credit and Export - ICIEC) for insurance of exports from member countries.
The Program of Cooperation and Trade Promotion (Trade Cooperation and Promotion Program - TCPP) whose objectives are to strengthen trade relations, to explore new potential areas of trade cooperation and facilitate the strengthening of trade between member countries.
The Special Programme for Trade Promotion, in partnership with the Arab Bank for Economic Development in Africa (BADEA) designed to finance exports from Arab countries to members of the African Union.

Sharia

In 2005 was created the International Islamic Trade Finance Corporation (ITFC) to consolidate into a single entity all the activities of trade finance. Its primary objective is to increase the volume of external trade among member countries of the Bank, all of which are eligible for these funds from governments and businesses with public financial contribution to private sector companies (both industrial and commercial).

However, not all products are eligible. They must be "Sharia compliant" and did not come from the countries of the boycott list of the OIC (Organization of Islamic Conference).

Financing can be for short and long term, following several mechanisms. The murabaha involves the purchase by the bank to resell afterward the goods to the beneficiary. For imports, the duration of funding is thirty months and for exports, up to 120 months.

There is also the purchase/ sale procedure, used for capital equipment. The IDB buy them and then resells it at a profit margin. The repayment term is a maximum of twenty years with a grace period of five years.

The Istisna'a (manufacturing) is funding the production of goods and equipment or construction and its resale to the buyer. Last mode, structured finance, is a facility granted against the evidence of future export receivables.

Funding is granted in Islamic dinars, euros, pounds sterling, Japanese yen and dollars, can reach 100% for transactions whose value does not exceed three million dinars. They may be made before or after shipment.

In 30 years, the IDB has provided six billion dollars to Africa. 4.3 billion dollars to finance development projects and 1.3 billion dollars for trade.
The IDB has also participated in the capital of the African Export Import Bank with 10 million dollars.