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

PT Bank Pembangunan Daerah Nusa Tenggara Barat (PT Bank NTB Syariah) has Successfully Converted into a Full-Fledged Syariah Bank in Indonesia

The Islamic Banking Industry in Indonesia has seen a new boost with the entrance of PT Bank NTB Syariah. The bank has successfully converted from a conventional bank into a full-fledged Syariah bank which has been officially launched today September 13, 2018! The launching ceremony took place in Mataram, Indonesia,…

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

Signing of the USD 7 Million Line of Financing agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Joint-Stock Commercial Bank Invest Finance Bank, Uzbekistan

The USD 7 million Shari’ah compliant Line of Financing facility will be utilised by InFinBank to provide financial support to private sector

The Acting Chief Executive Officer of the Islamic Corporation for the Development of the Private sector (ICD) (www.ICD-PS.org), Mr. Najmul Hassan and the Chairman of the Management Board of the Joint-Stock Commercial Bank Invest Finance Bank (InFinBank), Mr. Bobir Burkhanov signed a Line of financing agreement for a USD 7…

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

Signing of the USD 7 Million Line of Financing agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Private Joint-Stock Trustbank, Uzbekistan

This USD 7 million financing is a first Shariah compliant Line facility for Trustbank

The Acting Chief Executive Officer of the Islamic Corporation for the Development of the Private sector (ICD) (www.ICD-PS.org), Mr. Najmul Hassan and the Chairman of the Management Board of the Private Joint-Stock Trustbank (Trustbank) (https://Trustbank.uz/en/), Mr. Sardor Normukhamedov signed a Line of financing agreement for a USD 7 million facility…

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

Islamic Windows of Coris Bank International pave the way to achieve SDG goal by ensuring financial inclusion and shared prosperity

The aim of Coris Bank is to present its customers with alternative Islamic Banking products and services

Islamic banking is gaining a strong footing in African region with the launching Islamic banking windows of Coris Bank International in Mali, Senegal, Benin and Côte d’Ivoire. May 29, 2018, the official launching of Coris Bank Baraka Senegal took place in the presence of the Islamic Corporation for the Development…

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

The Islamic Corporation for the Development of the Private Sector (ICD) announces the signing of a bilateral agreement with Sumitomo Mitsui Banking Corporation (SMBC)

ICD is committed to supporting Japan as the country works toward further developing the Islamic finance capabilities of its well-established financial institutions

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), the private sector arm of Islamic Development Bank (IDB) Group (www.IsDB-pilot.org), and Sumitomo Mitsui Banking Corporation Europe Limited, a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC) (www.SMBCgroup.com) have signed a bilateral agreement today.   The agreement is one…

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

Signing of commitment letter and memoranda of understanding with Tunisian companies with the aim to develop the private sector

Business in Tunisia is at the heart of ICD’s strategy to help the Tunisian private sector in the most effective ways

The Islamic Corporation for the Development of the Private sector (ICD) (www.ICD-PS.org) signed a commitment letter with Caisse des Dépôts et Consignations (CDC), Tunisia, as well as seven memoranda of understanding, namely with CDC, Wifak Bank, Zitouna Tamkeen, Intilaq Fund, BFPME and UGFS. The signing ceremony was held at the Four…

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

Signing of the Line of Financing agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Sub Saharan African Banks

ICD is now focusing on increasing access to funding to the private sector by channeling the funds to established financial institutions in its member countries

The Islamic Corporation for the Development of the Private sector (ICD) (www.ICD-PS.org)  and Afriland First Group, Banque Islamique du Senegal, EBID, BSIC Mali and Coris Bank Mali signed a Line of financing agreements for a Euro 45 million, Euro 50 Million, Euro 25 Million, Euro 9 Million and Euro 6…

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) highlighted the role of small-and-medium-sized enterprises (SMEs) as engine of growth and sustainable development during the 43rd Annual Meeting of Islamic Development Bank Group

ICD also informed developmental partners on practices and tools to be used for designing SME resilience support programs

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org) held interactive sessions during the IsDB group (www.IsDB-pilot.org) private sector forum alongside with IsDB Group 43rd Annual Meeting in the Four Seasons Hotel. The event entitled “The SMEs: engine of growth and sustainable development”, raised awareness with regard…

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

Signing of the Line of Financing agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Nigerian Banks

ICD is now focusing on increasing access to funding to the private sector by channeling the funds to established financial institutions in its member countries

The Islamic Corporation for the Development of the Private sector (ICD) (www.ICD-PS.org) and Jaiz Bank (www.JaizBankPLC.com), SunTrust Bank (www.SunTrustNG.com) and Wema Bank (www.WemaBank.com) signed a Line of financing agreements for a USD 20 million, USD 10 Million and USD 20 Million respectively. The USD 50 million Line of financing facility…

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

Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

This exclusive, invitation-only event is designed specifically for the benefit of local and international market players to explore development opportunities in Islamic finance in Africa

Following the huge success of its first and second editions in 2016 which attracted over 420 delegates, the 3rd Africa Islamic Finance Forum (www.Africa-IF.com) will return 27-28 March, located at the Federal Palace Hotel, Lagos Nigeria hosted by the Ministry of Finance Nigeria in collaboration with the Islamic Corporation for…