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) and The Islamic Research and Training Institute (IRTI) consider entering a Strategic Partnership to deliver High Level Training Programs in Islamic Finance

The Memorandum of Understanding (MoU) envisages cooperation to explore all technical aspects related to Islamic finance that might help the industry

A Memorandum of Understanding (MoU) was signed between, 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 The Islamic Research and Training Institute (IRTI) (www.IRTI.org), IsDB Group’s primary organizational unit for the delivery of Islamic Finance…

Islamic Corporation for the Development of the Private Sector (ICD)
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    • Islamic Development Bank (IsDB), Islamic Corporation for the Development of the Private Sector (ICD) and Small and Micro Enterprise Promotion Service (SMEPS) join hands to scale up business resilience support to Yemen under BRAVE Program
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Development Bank (IsDB), Islamic Corporation for the Development of the Private Sector (ICD) and Small and Micro Enterprise Promotion Service (SMEPS) join hands to scale up business resilience support to Yemen under BRAVE Program

The Business Resilience Assistance for Value-adding Enterprises (BRAVE) aims to enhance the resilience of the Small and Medium Enterprise (SME)s in Yemen in vital sectors against the impacts of the ongoing conflict

IDB Head Office witnessed today the signing ceremony of the implementation agreements for the scale up of BRAVE Program in Yemen. The Business Resilience Assistance for Value-adding Enterprises (BRAVE) aims to enhance the resilience of the SMEs in Yemen in vital sectors against the impacts of the ongoing conflict. The…

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    • Signing of agreement between Islamic Corporation for the Development of Private Sector (ICD) and I-FinTech Solutions (IFTS) to implement new technology solutions (1)
    • Signing of agreement between Islamic Corporation for the Development of Private Sector (ICD) and I-FinTech Solutions (IFTS) to implement new technology solutions (2)
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Signing of agreement between Islamic Corporation for the Development of Private Sector (ICD) and I-FinTech Solutions (IFTS) to implement new technology solutions

The partnership between ICD and IFTS involves a pipeline of Fintech products that will be developed and implemented to mainly solve the Liquidity management issues

Tunis on the 29th of November 2018, The Islamic Corporation for the Development of Private Sector (ICD) (www.ICD-ps.org), the private sector arm of Islamic Development Bank Group (IsDB) has signed an investment agreement with I-FinTech Solutions (IFTS) company in Tunisia to collaborate in developing FinTech solutions and implement these technologies…

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) signs USD 20 Million Financing Facility with the Meghna Group, Bangladesh

The project is expected to create a direct employment of 1,123 people during its operation and will also generate revenue for the government

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), the private sector arm of Islamic Development Bank (IsDB) Group (www.ISDB.org), signed a Islamic financing agreement with the Meghna Sugar Refinery Limited (MSRL) (www.MeghnaGroup.biz) of Bangladesh to assist in setting up a sugar refinery in the Meghna Economic…

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

Launching Islamic Corporation for the Development of the Private Sector (ICD)’s New Website

The website also has comprehensive new sections with updated news and events, financial and project information, and corporate governance information

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), the private sector arm of IsDB Group, which has mandate to develop the private sector in its member countries, announced today the launch of its newly revamped website. This newly designed website offers quick and easy access to…

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) Board of Directors names Mr Ayman Sejiny as General Manager (CEO)

Mr. Ayman Amin Sejiny is highly accomplished financial industry leader

The Board of Directors of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org) in its 91st Meeting held on 3/9/2018 approved appointment of Mr. Ayman Amin Sejiny, as General Manager (CEO) of ICD. Dr. Bandar Hajjar, the President of IsDB and Chairman of ICD Board of…

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

Signing of the Memorandum of Understanding between the Islamic Corporation for the Development of the Private Sector (ICD) and Joint-Stock Commercial Bank “Asia Alliance Bank”, Uzbekistan

The Shari’ah compliant Line of Financing facility will be utilised by Asia Alliance Bank to provide financial support to private sector, including Small and Medium Enterprises (SME) in Uzbekistan through Islamic modes of financing

On behalf of the Acting CEO and General Manager of the Islamic Corporation for the Development of the Private sector (ICD) (www.ICD-ps.org), Mr. Najmul Hassan and the First Deputy Chairman of the Board of the Joint-Stock Commercial Bank “Asia Alliance Bank” (Asia Alliance Bank), Mr. Umitjon Khakimov signed a Memorandum…

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

Signing of the Memorandum of Understanding for up to USD 7.5 Million Line of Financing between the Islamic Corporation for the Development of the Private Sector (ICD) and the Joint-Stock Commercial Bank “ASAKA”, Uzbekistan

The USD 7.5 million Shari’ah compliant Line of Financing facility will be utilised by Bank ASAKA to provide financial support to private sector, including Small and Medium Enterprises (SME) in Uzbekistan through Islamic modes of financing

On behalf of the Acting CEO and General Manager of the Islamic Corporation for the Development of the Private sector (ICD) (www.ICD-ps.org), Mr. Najmul Hassan and the First Deputy Chairman of the Board of the Joint-Stock Commercial Bank “ASAKA” (Bank ASAKA), Mr. Rustam Kasimov signed a Memorandum of Understanding for…

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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…