Asian Development Bank

This entry examines the Asian Development Bank, established by 31 countries to support economic development in the Asia Pacific region. The bank’s specialization and supported projects have been influenced by economic hardships resulting from global and regional crises endured by member nations. The bank’s interest in Islamic Finance has grown due to the presence of significant Muslim populations in its member countries. Thus, it collaborated with various Islamic finance institutions and formed an Islamic Finance Working Group internally. This entry offers an overview of the Asian Development Bank and analyzes its connection with Islamic finance.