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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) successfully closed the first ever Shariah-compliant medium-term syndicated financing facility for AKLease to boost leasing to Small and Medium Enterprises (SMEs) and private sector growth in Türkiye

The 3-year Commodity Murabaha facility was arranged by ICD as the Mandated Lead Arranger, Bookrunner, and Investment Agent, with Al Salam Bank B.S.C. joining as a Joint Lead Arranger

The Islamic Corporation for the Development of the Private Sector (“ICD”) (https://ICD-PS.org), the private sector arm of the Islamic Development Bank (“IsDB”) Group, is pleased to announce the successful closure of a EUR 20 million Shariah-compliant medium-term syndicated financing facility for Ak Finansal Kiralama A.Ş. (“AKLease”), a leading leasing company…

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) and Indonesia Exim Bank Sign Letter of Intent to Strengthen Cooperation in Shariah-Compliant Investment and Support Indonesia’s Financial Sector

The proposed Facility is intended to be used by Indonesia Eximbank for onward financing of eligible private sector enterprises whose operations have strong development impact in Indonesia

The Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-PS.org/), the private sector arm of the Islamic Development Bank (IsDB) Group, and Indonesia Eximbank today announced the signing of a landmark Letter of Intent (LOI) expressing their intention to explore a potential  USD 30 million Line of Finance…

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

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    • London Stock Exchange Group (LSEG) and Islamic Corporation for the Development of the Private Sector (ICD) Announce Findings of the 2025 Islamic Finance Development Indicator Report
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

London Stock Exchange Group (LSEG) and Islamic Corporation for the Development of the Private Sector (ICD) Announce Findings of the 2025 Islamic Finance Development Indicator Report

Global Islamic finance assets projected to reach US$9.7 trillion by 2029

LSEG in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-PS.org/), a member of the Islamic Development Bank (IsDB) Group, today announced the findings of the 2025 Islamic Finance Development Indicator (IFDI) report (https://apo-opa.co/48tkcnV), a global benchmark assessing the development of the Islamic finance industry…

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

Landmark USD 30 Million Disbursement to Uganda Development Bank Limited to Boost Economic Growth

This landmark transaction paves the way for future collaborations between ICD and local financial institutions in Uganda

The Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-ps.org/), a member of the Islamic Development Bank (IsDB) Group, has successfully disbursed a USD 30 Mn financing facility to Uganda Development Bank Limited (UDBL) in Uganda. This strategic facility marks ICD’s first Line of Finance transaction in Uganda and…

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

Turan Bank Azerbaijan Signs $15 Million Line of Financing Agreement with the Islamic Corporation for the Development of the Private Sector (ICD)

The agreement was signed by Dr Khalid Khalafallah, Acting CEO of ICD, and Orkhan Garayev, Chairman of the Management Board of Turan Bank

Turan Bank, a leading player in Azerbaijan’s banking sector recognized for its strong international partnerships, has signed a financing agreement with the Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-ps.org), the private sector arm of the Islamic Development Bank (IsDB) Group. Under this agreement, ICD will extend…

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) leads successful closure of USD 145 Million Shariah-Compliant Syndicated Facility for Turk Eximbank

The 3-year Commodity Murabaha facility aims to boost export-oriented businesses and private sector growth in Türkiye

The Islamic Corporation for the Development of the Private Sector (“ICD”) (https://ICD-ps.org), a multilateral development financial institution and the private sector arm of the Islamic Development Bank (IsDB) Group, is pleased to announce the successful closure of USD 145 million Shariah compliant syndicated financing facility for Türkiye İhracat Kredi Bankası A.Ş. or Export…

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

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    • Empowering Türkiye's Economic Future: Islamic Corporation for the Development of the Private Sector (ICD) and Golden Global Investment Bank Ink USD 20 Million Private Sector Financing Agreement
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Empowering Türkiye's Economic Future: Islamic Corporation for the Development of the Private Sector (ICD) and Golden Global Investment Bank Ink USD 20 Million Private Sector Financing Agreement

ICD and GOLDEN GLOBAL INVESTMENT BANK Join Forces to Fuel SME and Corporate entities Growth in Türkiye

The Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-ps.org) and Golden Global Investment Bank (the Bank) have entered into a landmark agreement to bolster economic growth in Türkiye. This new USD 20 million Commodity Murabaha Facility is designed to support private sector projects, with a special focus on…

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) disburses Small and Medium Enterprise (SME) financing facility (15 million Euros) in favor of Crédit Communautaire d'Afrique Bank (CCA-Bank Cameroon)

The financing will provide private project leaders with the medium- and long-term resources necessary to foster sustainable development

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), a member of the Islamic Development Bank (IsDB) Group, has successfully disbursed a €15 million (9.8 billion CFA francs) financing facility to Crédit Communautaire d'Afrique (CCA-Bank) in Cameroon. This strategic financing initiative aims to strengthen local Small and…

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

Appointment of Dr. Khalid Khalafalla as Acting Chief Executive Officer of Islamic Corporation for the Development of the Private Sector (ICD)

Dr. Khalafalla brings extensive experience from his career within the IsDB Group

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB) Group, is pleased to announce that its Board of Directors has approved the appointment of Dr. Khalid Khalafalla as Acting Chief Executive Officer (CEO), effective 19 March 2025.  Dr.…

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) and Joint-Stock Commercial Bank “Turonbank” Strengthen Partnership to Support Private Sector Growth in Uzbekistan

This initiative is closely aligned with ICD's Private Sector Development Strategy, which focuses on enabling economic dynamism and resilience by empowering SMEs and advancing financial inclusion

The Third Line: ICD and Turonbank announce a USD 30 million Islamic line of financing facility to bolster Uzbekistan's private sector development. Empowering Entrepreneurs: The new facility is designed to accelerate SME growth and foster economic development in Uzbekistan. ​Strengthened Collaboration: This initiative reaffirms the long-standing partnership between ICD and…