Islamic Development Bank SWIFT/BIC code

ISLDSAJE – the SWIFT/BIC code of Islamic Development Bank

If an invoice shows ISLDSAJE or ISLDSAJEXXX, it is the same address for Islamic Development Bank in Saudi Arabia. A SWIFT code shows every bank in the chain which institution should receive the money, much like a postcode for banks. In daily life you usually see the code on invoices from abroad, in your banking app and in the bank details that Islamic Development Bank provides.

On this page you can read how the code is put together, when you need it and which other details a transfer to or from Islamic Development Bank requires. The BIC names an institution, never a specific account.

Is ISLDSAJE still correct? How to check

The safest source for a SWIFT code is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. If the code you have differs from ISLDSAJE or ISLDSAJEXXX, stop and ask: check with the recipient or with Islamic Development Bank directly.

An incorrect BIC may lead to delays, a returned payment or additional charges. Remember the account number: an error there can be more difficult to correct than a wrong code.

Many banking apps validate the format of IBANs and some suggest the matching BIC. If your bank offers it, a payee name check on the recipient gives extra certainty. For a first payment, many people send a small test amount before sending the rest.

Receiving money from abroad at Islamic Development Bank

If you are waiting for a payment from another country, send the payer a complete set of details. What they need is: your name, IBAN or account number, ISLDSAJEXXX and in many cases your postal address.

It helps to include Islamic Development Bank and its city too, because some payment forms have separate fields for them. Double-check the details before you share them.

What lands in your account is often less than the amount sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the currency changes, an exchange rate margin applies. For business payments, you can state how the fees are split.

Head office or branch code at Islamic Development Bank?

With 3 codes in 1 cities, Islamic Development Bank belongs to the banks that register separate codes for branches. The main code remains ISLDSAJEXXX.

If nobody asks you for a branch code, use ISLDSAJEXXX. A branch code only makes sense if the recipient’s bank specifically asks for it, which is more common for corporate accounts and specialised services.

The safest route is to take the code directly from the account holder’s statement. Branch codes are sometimes changed or retired over time, so do not rely on old paperwork.

International transfers from Islamic Development Bank: the real cost

A bank transfer abroad can cost more than the fee suggests. On top of the transfer fee, banks in between can deduct a fee, and if the money changes currency, the bank usually applies a rate below the actual market rate.

Most of the cost usually sits in the exchange rate: the bank converts at a rate that includes a margin. A simple test: put the rate you get against the mid-market rate for the same moment and work out the difference on your amount.

Specialist money transfer services often offer a rate near the mid-market rate with clearer fees. GoldexPay compares what recipients receive with different providers. Using a transfer service does not require leaving Islamic Development Bank – you pay the provider from your own account.

8 or 11 characters: ISLDSAJE versus ISLDSAJEXXX

A SWIFT code is built from a few fixed parts: the first four letters stand for the bank, characters five and six give the country and the two after that indicate the location. In this case, that core is ISLDSAJE.

The 11-character version adds three more characters that identify a branch or department. When those three characters are XXX, the code points to the head office.

Type the code as one block, in upper case and without spaces. A single letter can send a payment to another bank, so copy it carefully.

Transfer times and tracking a payment to Islamic Development Bank

There is no single answer: some arrive the same day or the next while others need several business days. Transfers sent late in the day or just before weekends and holidays usually go out a business day later. Compliance checks by one of the banks can also add a delay, even when all details are correct.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Money transfer services often show a status online so you can see where the payment has got.

A delayed transfer has to be traced from the sending side, using the payment confirmation. Ask the sender for a copy of the payment confirmation with the date and reference; that often settles the question quickly.

Changed bank details? Be careful

Fraudsters often use fake invoices containing new bank details, sometimes in an email that looks completely genuine. A valid SWIFT code says nothing about whether the request is genuine.

Before paying, confirm a change of bank details through a phone call on a number you know, not one from the message. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. Already paid? Contact your bank straight away and have them try to recall the payment; also report it to the police.

People receiving money are targeted too: a classic trick is a buyer who pays too much followed by a request to send back the difference abroad. A screenshot of a transfer is no proof – check your own account.

How up to date is this code?

The codes here are taken from publicly available data. Banks merge, close branches and retire codes, and a directory never catches every change immediately. Counts and locations come from our directory.

Treat this page as a reference, rather than as the final word – the bank details from the recipient are leading. GoldexPay has no connection to Islamic Development Bank, we only compare transfer services. Spotted an error? Tell us through the contact page so we can correct it.