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Islamic Corporation for the Development of the Private Sector (ICD)

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    • CORRECTION: Islamic Corporation for the Development of the Private Sector (ICD) and the Islamic Republic of Mauritania sign cooperation framework to advance private sector development and strategic investment
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

CORRECTION: Islamic Corporation for the Development of the Private Sector (ICD) and the Islamic Republic of Mauritania sign cooperation framework to advance private sector development and strategic investment

An important part of the MoU is ICD's continued engagement, on a strictly non-binding and best-effort basis, to arrange a Shariah-compliant syndicated or club financing facility for a proposed mining project of strategic importance

Three-year Memorandum of Understanding signed to strengthen ICD's cooperation with the Islamic Republic of Mauritania. ICD to support Shariah-compliant financing mobilization for a proposed mining project of strategic importance. Cooperation to support sovereign credit rating readiness, PPP ecosystem development, and SME financing. The Islamic Corporation for the Development of the…

Islamic Corporation for the Development of the Private Sector (ICD)

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    • Islamic Corporation for the Development of the Private Sector (ICD) and the Islamic Republic of Mauritania sign cooperation framework to advance private sector development and strategic investment
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) and the Islamic Republic of Mauritania sign cooperation framework to advance private sector development and strategic investment

A central pillar of the MoU is ICD's commitment, on a non-binding and best-effort basis, to arrange a Shariah-compliant syndicated or club financing facility of up to USD 900 million in favor of Mauritania Saudi Mining and Steel S.A. (Takamul)

Three-year Memorandum of Understanding signed to strengthen ICD's cooperation with the Islamic Republic of Mauritania. ICD to arrange a Shariah-compliant syndicated financing facility of up to USD 900 million for the Atomai iron ore project, on a best-effort basis. Cooperation to support sovereign credit rating readiness, PPP ecosystem development, and…

Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

The Islamic Corporation for the Development of the Private Sector (ICD) Participates in Saudi Telecom Company's USD 2.0 Billion Dual Tranche Sukuk Issuance

The transaction's competitive pricing underscores market recognition of STC's operational excellence, digital transformation agenda, and alignment with Saudi Vision 2030

ICD serves as Joint Lead Manager for STC's USD 2.0 billion dual-tranche Sukuk. First-time collaboration between ICD and Saudi Arabia's largest telecommunications company. Transaction achieves 4x oversubscription with USD 8 billion in total orders from 300+ global investors. Competitive pricing reflects strong market confidence in STC's credit quality and strategic…

Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) Strengthens Partnership with Coris Bank International Benin through EUR 25 Million Shariah-Compliant Line of Financing to Boost Small and Medium Enterprises (SME) Development

This strategic financing facility will enable CBI Benin to provide much-needed capital to SMEs and corporate clients across Benin, supporting the country's economic diversification efforts and private sector development

EUR 25 million Shariah-compliant Line of Financing facility to support private sector growth in Benin Four-year facility to facilitate access to finance for the private sector enterprises, mainly SMEs and Large corporates. Expected to create 600 new jobs and support sustainable economic development Expanding ICD's successful partnership with Coris Holding…

Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

The Islamic Corporation for the Development of the Private Sector (ICD) extends USD 20 million Islamic financing to expand Jordan’s non-woven fabrics industry

The financing will enable API to acquire cutting-edge Spunlace technology, enhancing production efficiency and product diversification

USD 20 million medium-term Islamic finance facility to expand non-woven fabrics production capacity through advanced Spunlace equipment. API is Jordan's leading non-woven fabrics manufacturer, producing essential materials for personal hygiene products, healthcare PPE including gowns and face masks, and agricultural applications. The expansion aims to create substantial employment opportunities, strengthening…

Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Empowering Uzbek Small and Medium Enterprises (SMEs): Islamic Corporation for the Development of the Private Sector (ICD) Provides $10 Million Line of Financing to Anor Bank for SME Financing in Uzbekistan

This pioneering transaction establishes ICD as the first multilateral development bank to provide a Line of Finance to Anor Bank, creating a strategic cornerstone for accelerating private sector growth in Uzbekistan

Anor Bank, a leading digital bank in Uzbekistan, has signed a Line of Financing agreement with ICD (https://ICD-PS.org/). Under the agreement, ICD will provide a USD 10 million Line of Finance facility to Anor Bank. The facility aims to support small and medium-sized enterprises (SMEs) in Uzbekistan and enhance access…

Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

The Islamic Corporation for the Development of the Private Sector (ICD) successfully closed the first ever Shariah-compliant medium-term syndicated financing facility for AKLease to boost leasing to Small and Medium Enterprises (SMEs) and private sector growth in Türkiye

The 3-year Commodity Murabaha facility was arranged by ICD as the Mandated Lead Arranger, Bookrunner, and Investment Agent, with Al Salam Bank B.S.C. joining as a Joint Lead Arranger

The Islamic Corporation for the Development of the Private Sector (“ICD”) (https://ICD-PS.org), the private sector arm of the Islamic Development Bank (“IsDB”) Group, is pleased to announce the successful closure of a EUR 20 million Shariah-compliant medium-term syndicated financing facility for Ak Finansal Kiralama A.Ş. (“AKLease”), a leading leasing company…

Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) and Indonesia Exim Bank Sign Letter of Intent to Strengthen Cooperation in Shariah-Compliant Investment and Support Indonesia’s Financial Sector

The proposed Facility is intended to be used by Indonesia Eximbank for onward financing of eligible private sector enterprises whose operations have strong development impact in Indonesia

The Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-PS.org/), the private sector arm of the Islamic Development Bank (IsDB) Group, and Indonesia Eximbank today announced the signing of a landmark Letter of Intent (LOI) expressing their intention to explore a potential  USD 30 million Line of Finance…

Islamic Corporation for the Development of the Private Sector (ICD)

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    • London Stock Exchange Group (LSEG) and Islamic Corporation for the Development of the Private Sector (ICD) Announce Findings of the 2025 Islamic Finance Development Indicator Report
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

London Stock Exchange Group (LSEG) and Islamic Corporation for the Development of the Private Sector (ICD) Announce Findings of the 2025 Islamic Finance Development Indicator Report

Global Islamic finance assets projected to reach US$9.7 trillion by 2029

LSEG in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-PS.org/), a member of the Islamic Development Bank (IsDB) Group, today announced the findings of the 2025 Islamic Finance Development Indicator (IFDI) report (https://apo-opa.co/48tkcnV), a global benchmark assessing the development of the Islamic finance industry…

Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Landmark USD 30 Million Disbursement to Uganda Development Bank Limited to Boost Economic Growth

This landmark transaction paves the way for future collaborations between ICD and local financial institutions in Uganda

The Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-ps.org/), a member of the Islamic Development Bank (IsDB) Group, has successfully disbursed a USD 30 Mn financing facility to Uganda Development Bank Limited (UDBL) in Uganda. This strategic facility marks ICD’s first Line of Finance transaction in Uganda and…