We use cookies to improve your experience. By your continued use of this site you accept such use.
Islamic Corporation for the Development of the Private Sector (ICD)

  • Multimedia content

  • Images (1)
    • Metin Akdoğan, Deputy CEO of Golden Global Investment Bank and Eng. Hani Salem Sonbol, Acting CEO of ICD
  • All (1)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Golden Global Investment Bank Signs Letter of Intent for $20M Line of Finance from the Islamic Development Bank Group

The line will be utilized by Golden Global Investment Bank for onward financing of eligible private sector projects in Türkiye

Negotiations between the Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-ps.org) and Golden Global Investment Bank have successfully concluded with the signing of a letter of intent, for the proposed extension of a USD 20 million line of finance facility, during the IsDB Group's 2024 Private Sector…

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

  • Multimedia content

  • Images (1)
    • Islamic Corporation for the Development of the Private Sector (ICD) and JSC Ziraat Bank Uzbekistan Collaborate to Boost the Private Sector in Uzbekistan
  • All (1)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) and JSC Ziraat Bank Uzbekistan Collaborate to Boost the Private Sector in Uzbekistan

This agreement initiates a partnership between ICD and JSC Ziraat Bank Uzbekistan, reflecting ICD’s strategic commitment to bolstering private sector growth within its member nations

ICD (http://www.ICD-ps.org) and Ziraat Bank Uzbekistan signed an Expression of Intent for the USD 10 million Line of Financing Facility aimed at supporting eligible private sector projects in Uzbekistan; This agreement initiates a partnership between ICD and JSC Ziraat Bank Uzbekistan, reflecting ICD’s strategic commitment to bolstering private sector growth within its…

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

  • Multimedia content

  • Images (1)
    • Islamic Corporation for the Development of the Private Sector (ICD) Signs 11 Transformative Agreements Aimed at Spearheading Private Sector Expansion in Member Countries
  • All (1)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) Signs 11 Transformative Agreements Aimed at Spearheading Private Sector Expansion in Member Countries

These agreements underscore ICD’s commitment to driving sustainable growth and prosperity through strategic partnerships and financial support

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org) is pleased to announce the signing of 11 pivotal agreements aimed at fostering economic development and facilitating private sector growth and access to capital in several of its member countries. These agreements underscore ICD’s commitment to driving sustainable…

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

  • Multimedia content

  • Images (1)
    • The Islamic Corporation for the Development of the Private Sector (ICD) Signs 13 Landmark Agreements to Promote Private Sector Growth in its Member Countries
  • All (1)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

The Islamic Corporation for the Development of the Private Sector (ICD) Signs 13 Landmark Agreements to Promote Private Sector Growth in its Member Countries

The signing of these agreements reinforce ICD's commitment to propelling solidarity and prosperity through strategic partnerships and promoting access to finance and financial inclusion in its member countries

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), a member of the Islamic Development Bank (IsDB) Group, is pleased to announce the signing of 13 significant agreements aimed at catalyzing economic development and bolstering private sector growth and initiatives across several member countries in diverse regions…

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

  • Multimedia content

  • Images (1)
    • Islamic Corporation for the Development of the Private Sector (ICD) Signs Letters of Intent for Line of Finance Facilities with Uganda Development Bank Limited and Afreximbank
  • All (1)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) Signs Letters of Intent for Line of Finance Facilities with Uganda Development Bank Limited and Afreximbank

The line of finance facilities aim at fostering economic growth and development in Uganda and across the common member countries of ICD and Afreximbank

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org) signed two significant Letters of Intent for a total of USD 150 Million Line of Finance facilities  with Uganda Development Bank Limited (“UDBL”) and the African Export–Import Bank (“Afreximbank”). The line of finance facilities aim at fostering economic growth and…

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

  • Multimedia content

  • Images (2)
    • Islamic Corporation for the Development of the Private Sector (ICD) and Banque Misr Sign letter of intent to provide $30M line of finance for small and medium enterprises (SME) in Egypt (1)
    • Islamic Corporation for the Development of the Private Sector (ICD) and Banque Misr Sign letter of intent to provide $30M line of finance for small and medium enterprises (SME) in Egypt (2)
  • All (2)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) and Banque Misr Sign letter of intent to provide $30M line of finance for small and medium enterprises (SME) in Egypt

In the presence of the Egyptian Ministers of Planning, Supply, Petroleum, the Islamic Corporation for the Development of the Private Sector signed a letter of intent with Banque Misr to provide $30 million line of finance to support small and medium enterprises in Egypt

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), a member of the Islamic Development Bank (IsDB) group, signed a letter of intent with Banque Misr to provide a $30 million financing line dedicated to finance private sector projects in Egypt and to support small and medium…

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) returns to the Dollar market with tight five-year print

The proceeds from the sukuk issuance will be invested in development assets, facilitating its mission to foster economic growth and development initiatives across 56 member countries

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), a Jeddah-based supranational, has printed a USD 500 million Sukuk maturing in February 2029. The Sukuk issuance, which was oversubscribed with an orderbook over USD 2.2 billion, subscribed by 4.2 times from 46 investors, demonstrating the confidence of…

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

  • Multimedia content

  • Images (1)
    • Launch of Islamic Corporation for the Development of the Private Sector (ICD) - London Stock Exchange Group (LSEG) Islamic Finance Development Report 2023: Navigating Uncertainty
  • All (1)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Launch of Islamic Corporation for the Development of the Private Sector (ICD) - London Stock Exchange Group (LSEG) Islamic Finance Development Report 2023: Navigating Uncertainty

Global Islamic finance assets expected to reach US$6.7 trillion by 2027

Green and sustainability Sukuk represents a key theme at COP28; Global ESG Sukuk issuance totaled US$8.4 billion in 2022; Growth of total Islamic finance assets by 11% to US$4.5 trillion in 2022; Malaysia, Saudi Arabia, and Indonesia lead Islamic finance development; US$788 billion total global Sukuk outstanding last year; Multiple growth channels to drive Islamic…

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

  • Multimedia content

  • Images (1)
    • International Islamic Trade Finance Corporation (ITFC) and Islamic Corporation for the Development of the Private Sector (ICD) sign a Memorandum of Understanding (MOU) with the Kingdom of Morocco
  • All (1)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

International Islamic Trade Finance Corporation (ITFC) and the Islamic Corporation for the Development of the Private Sector (ICD) sign a Memorandum of Understanding (MOU) with the Kingdom of Morocco

ITFC intends to provide financing of up to $100 million to support the import of strategic goods and enhance the efforts of Moroccan companies in the export sector

The memorandum aims to provide a general framework that facilitates cooperation between the parties and enhances economic and social development capabilities; ITFC intends to provide financing of up to $100 million to support the import of strategic goods and enhance the efforts of Moroccan companies in the export sector; A…

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) to Launch Roadshow for Groundbreaking Tenge Sukuk

The Islamic Corporation for the Development of the Private Sector (ICD) is proud to announce that it has enlisted the services of Tengri Partners Investment Banking to organize investor meetings in advance of a five-year Tenge-denominated sukuk

Islamic Corporation for the Development of the Private Sector (ICD) (http://www.ICD-ps.org) is launching a potential five-year Tenge sukuk to expand its operational assets in Kazakhstan and support local lending; this could be the first-ever tenge sukuk by a Development Financial Institution and will be an amortized Sukuk with all payments…