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

Refinitiv & Islamic Corporation for the Development of the Private Sector (ICD) 2020 Report: Global Islamic Finance Assets Expected to Hit $ 3.69 trillion in 2024

Islamic finance assets increased 14 percent to US$ 2.88 trillion in 2019, the highest recorded growth for the industry since the global financial crisis

Malaysia, Indonesia, Bahrain, UAE and Saudi Arabia ranked as the top five developed countries globally in Islamic Finance; Indonesia jumped to second place in IFDI ranking backed by government knowledge initiatives; Islamic finance assets increased 14 percent to US$ 2.88 trillion in 2019, the highest recorded growth for the industry…

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

Signing of the Advisory Services Agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Xalq Bank, Uzbekistan

Xalq Bank is one of the partners of ICD since 2013, and has utilized USD 13 million Line of Financing Facility granted by ICD to finance ten SMEs in Uzbekistan

Mr. Ayman Amin Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org), the private sector arm of the Islamic Development Bank (IsDB), and Mr. Farkhod Islomovich Salamov, Chairman of the Management Board of Xalq Bank, signed an Advisory Services Agreement in relation to…

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

Signing of Line of Financing Agreement (under the Covid-19 Line of Financing (LOF) Support Facility) between the Islamic Corporation for the Development of the Private Sector (ICD) and Coris Bank International – Burkina Faso (CBI – Burkina Faso)

Coris Bank Group is an existing client of ICD and this LOF facility is the third one provided by ICD to the Group

The Islamic Corporation for the Development of the Private sector (ICD) (www.ICD-PS.org), the private sector arm of the Islamic Development Bank (IsDBG), and Coris Bank International – Burkina Faso (the Bank or CBI – Burkina Faso) (https://Burkina.Coris.bank), a member of the Coris Bank Group, have entered into an agreement to…

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

Islamic Corporation for the development of the Private Sector (ICD) Launches the ICD Finnovation Award 2020

The winners will be awarded in a very special ceremony to be organized during the Annual Meetings of Islamic Development Bank Group (IsDBG) to be held in June 2021

The Islamic Corporation for the development of the Private Sector (ICD) (www.ICD-idb.org), the private arm of the Islamic Development Bank Group (IsDBG), today launches the “ICD Finnovation Award 2020”, to recognize, showcase and encourage financial institutions that provide an outstanding solution for the financial industry. The COVID-19 pandemic has created…

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

Nasdaq Dubai welcomes listing of USD 600 million Sukuk by Islamic Corporation for the Development of the Private Sector

Sukuk was allocated to investors in Middle East, Asia and Europe

Capital raised will support private sector activities within the 55 member countries of the Islamic Corporation for the Development of the Private Sector; Sukuk was allocated to investors in Middle East, Asia and Europe; listing reinforces Dubai’s role as one of world’s leading Sukuk centres with total listed value of…

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

Islamic Corporation for the Development of the Private Sector (ICD) Completes Pricing for a 5-Year USD 600 Million Sukuk Issuance

This is the largest Sukuk issuance by ICD (Rated A2 (stable) by Moody’s; A (negative) by Fitch Ratings) since inception

The Islamic Corporation for the Development of the Private Sector, (ICD) (www.ICD-IDB.org), a multilateral development financial institution and the private sector arm of the Islamic Development Bank Group (IsDBG), announces successful completion of the pricing of a five-year USD 600 million Sukuk issuance at MS + 140bps.   This is the largest Sukuk issuance by…

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

The United Nations Resident Coordinator’s Office (UNRCO) and Islamic Corporation for the Development of the Private Sector (ICD) Announce Formation of Advisory Committee for their Awqaf Research Project

The Advisory Committee will play a major role in supporting the direction of the research study

The United Nations Resident Coordinator’s Office (UNRCO) in the Kingdom of Saudi Arabia and the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-IDB.org), announced the launch of their joint initiative’s newly formed advisory committee. On April 23, 2020, UNRCO and ICD have signed a Letter of Understanding…

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

The Islamic Corporation for the Development of the Private Sector (ICD) signs Memorandum of Understanding (MoU) with Aerodyne Group to promote unmanned aerial vehicle (UAV) tech in 57 Countries

The MoU was signed by Ayman Sejiny, the Chief Executive Officer of ICD, and Kamarul A Muhamed, founder and Group Chief Executive Officer of Aerodyne Group

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, and Aerodyne Group (Aerodyne) (https://Aerodyne.group), an international artificial intelligence (AI)-driven, drone-based managed solutions provider, today signed a Memorandum of Understanding (MoU), signifying a new milestone in the strategic…

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

The Islamic Corporation for the Development of the Private Sector (“ICD”) signed a collaboration Memorandum of Understanding (MoU) with FINTERRA PTE LTD (“Finterra”)

During the current Covid-19 global pandemic it is clear that digital channels and online working are increasingly important to financial services and financial inclusion

On DAY and DATE Mr. Ayman Sejiny, the CEO of The Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-ps.org) the private sector arm of the Islamic Development Bank Group, and Mr. Satesh Khemlani, the Managing Director of Finterra PTE Ltd. (www.FINTERRA.org), signed a Memorandum of  Understanding to…

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

United Nations Resident Coordinator Office signs Letter of Understanding with Islamic Corporation for the Development of the Private Sector (ICD)

To conduct a study on the potential of Awqaf in contributing to the achievement of Saudi Arabia’s National Transformation Programme (NTP) and the United Nations Sustainable Development Goals (SDGs)

On Thursday 23, April 2020 Mrs. Nathalie Fustier from The United Nations Resident Coordinator in the Kingdom of Saudi Arabia (KSA) and Mr. Ayman Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank Group, signed a…