Project Financing Operations

The Bank extends loans to its member countries for the financing of infrastructural and agricultural projects such as roads, canals, dams, schools, hospitals, housing, rural development, etc. both in the public and private sectors, which have an impact on the economic and social development of the member countries concerned and are accorded priority by the Governments concerned. Such loans, in conformity with Shariah, are interest-free and the Bank recovers its administrative expenses by levying a service fee.