GENERAL KNOWLEDGE

Detailed explanation-1: -Conceived by the Organization of the Islāmic Conference in 1973, the bank was headquartered in Jeddah, Saudi Arabia, and formally opened in October 1975. Its member nations are drawn from the ranks of those states belonging to the Organization of the Islāmic Conference.

Detailed explanation-2: -It was founded by a charter in 1969, following decades of deliberation by Muslim scholars and statesmen around the idea of forming a global Islamic organization. Today the OIC comprises 57 member states whose populations amount to near two-billion people combined.

Detailed explanation-3: -The OIC is the collective voice of the Muslim world to ensure and safeguard their interest on economic socio and political areas. The OIC has Institutions, which implement its programmes. Its Headquarters is in Jeddah, Kingdom of Saudi Arabia.