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 Kapitalbank sign a bilateral agreement to develop Islamic Finance in Uzbekistan

The agreement was signed during ICD official visit to Uzbekistan as part of its mandate to explore development opportunities

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), signed an agreement to assist Kapitalbank (www.Kapitalbank.uz) with technical advisory services for the establishment of new Islamic banking window. The agreement was signed during ICD official visit to Uzbekistan as part of its mandate to explore development opportunities…

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) announces the signing of a Bilateral Agreement with Mizuho Bank (Malaysia) Berhad

The agreement was signed by Mr. Ayman Sejiny, the Chief Executive Officer of ICD, and Mr. Shojiro Mizoguchi, Chief Executive Officer of Mizuho Bank (Malaysia) Berhad

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), the private sector development arm of Islamic Development Bank (IsDB) Group, and Mizuho Bank (Malaysia) Berhad, a subsidiary of Mizuho Bank Ltd. yesterday signed a bilateral agreement, signifying another milestone in the continuous strategic partnership between ICD and…

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

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

West Java Investor Forum

Think Investment, Think West Java

With a population density of 47 million people, economic growth above the national, quality human resources, the most complete infrastructure and also the center of the industrial sector in Indonesia, making West Java as one of the provinces that offers the greatest investment opportunities in Indonesia, manufacturing, construction, agriculture to…

Islamic Corporation for the Development of the Private Sector (ICD)
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    • ICD promotes Savings mobilization & Hajj funds management and best practices in ASEAN and beyond - Malaysia Experience (1)
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

The Islamic Corporation for the Development of the Private Sector (ICD) promotes Savings mobilization & Hajj funds management and best practices in ASEAN and beyond - Malaysia Experience

The participants at the workshop, the third of its kind since 2014, were from the Brunei Darussalam, Pakistan, Azerbaijan, the Philippines, Sri Lanka, Bangladesh, Myanmar, Vietnam, Maldives, and Fiji

Representatives from 10 governments and government related agencies mostly from the ASEAN region have completed a 5-day training program on savings mobilisations, Hajj operations and funds management in Kuala Lumpur, Malaysia. The workshop (13-17 August, 2017) was held under the auspices of TaHa Alam Sdn Bhd (TaHa), a joint venture…

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    • Mr. Khaled Al-Aboodi CEO of ICD and Mr. Khakimov Umid, First Deputy Chairman of JSC “Asia Alliance Bank”, signed the financing agreements for the amount of USD12 million
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

ICD and JSC “Asia Alliance Bank” Cooperate to Finance SMEs in Uzbekistan

The collaboration will focus on developing private sector especially SMEs

The Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-ps.org), the private sector arm of IDB Group, and JSC “Asia Alliance Bank” (www.AAB.uz) have entered into a Joint Strategic Collaboration to finance SMEs in Uzbekistan. The signing ceremony took place at Hotel Hilton in Jeddah during the IDB…

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) signs MoU with China-Africa Development Fund to boost infrastructure investment and growth in selected African countries

At the side lines of the landmark IsDB 42nd Annual Meeting in Jeddah, 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 China-Africa Development Fund (CADFund) (www.CADFund.com), a…

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) announces the signing of Islamic credit facility agreement (Murabaha) with Mizuho Bank (Malaysia) Berhad

The USD300 million Murabahah agreement is the first cross-border bilateral Islamic facility for Mizuho Bank (Malaysia) Berhad

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 Mizuho Bank (Malaysia) Berhad, a subsidiary of Mizuho Bank, Ltd. have formalized a financing agreement today. The financing is for a term of two years and has…

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

Jordan closes its Inaugural Sovereign Local Currency Sukuk in Cooperation with Islamic Corporation for the Development of the Private Sector (ICD) and Japan International Cooperation Agency (JICA)

The landmark sovereign issuance marks a major step to develop the Islamic Jordanian capital market as well as provides Shariah-compliant banks with an investment avenue

On the 17th of October 2016 the Hashemite Kingdom of Jordan (“Kingdom”), closed its inaugural local currency Sukuk. The debut sovereign issuance was more than three-times oversubscribed. The amortized Ijarah-based Sukuk has a tenor of five years and expected profit rate of 3.01%. The landmark sovereign issuance marks a major…