OIC: The Organisation of Islamic Cooperation – The principal organisation of Muslim-majority states. With 57 members, it is the second largely inter-governmental organisation after the United Nations. Founded in 1969 under its former name, the Organization of the Islamic Conference, the OIC is funded mainly by Saudi Arabia and is headquartered in Jeddah. Among OIC institutions is the Islamic Development Bank, which provides soft loans for development projects in Islamic countries.
—-
Reuters: Organisation of the Islamic Conference, the principal world organisation of Muslim states, with 57 members. It is funded mainly by Saudi Arabia and based in Jeddah. Among OIC institutions is the Islamic Development Bank, which provides soft loans for development projects in Islamic countries. See www.oic-oci.org
