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) |

Islamic Finance Development Report and Indicator (IFDI) 2017 sees Islamic finance play a larger role in sustaining economic growth

The IFDI global average value, which acts as a barometer of the overall industry’s development, recovered to 9.9 in 2017 from 8.8 in 2016

Islamic finance assets grew 7% to US$ 2.2 trillion in 2016 Assets projected to reach US$ 3.8 trillion by 2022 Recovery in performance of all Islamic finance sectors as oil prices pick up Governments enhancing regulation to strengthen different areas of the industry Islamic financial institutions looking to consolidation and…

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), Tamkeen & Ibdar Launch USD$ 100 Million Bahrain SME Fund

The Fund will target SME’s with high growth potential in consumer, industrial, ICT, education and healthcare sectors, as well as sectors experiencing dynamic change, or where there are clearly attractive investment opportunities

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), the private sector arm of IDB Group, in partnership with Ibdar Bank, Bahrain-based wholesale Islamic Investment bank and Labour Fund “Tamkeen” as part of the investment committee has announced the launch of the Bahrain SME fund. The Bahrain SME…

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

IFDI 2016 highlights resilient growth in the Islamic finance industry

Global Islamic finance development, as measured by the IFDI global average value, declined to 8.8 in 2016 from 9.9 in 2015

Islamic finance assets grew 7% hitting US$ 2 trillion at the end of 2015 2015’s drop in oil prices took a toll on the performance of financial institutions 622 institutions provided Islamic finance education in 2015 35 countries practise Islamic finance regulation in 2015 Thomson Reuters (www.ThomsonReuters.com), the world's leading…