Islamic Corporation for the Development of the Private Sector (ICD)
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    • Bpifrance and the Islamic Corporation for the Development of the Private Sector (ICD) are committed to strengthening support for entrepreneurs in French-speaking member countries
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Bpifrance and the Islamic Corporation for the Development of the Private Sector (ICD) are committed to strengthening support for entrepreneurs in French-speaking member countries

This partnership illustrates the will of the two institutions to support and promote economic cooperation as well as to foster the growth of an entrepreneurial ecosystem

Bpifrance, the French public investment bank, and the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), entered into a partnership aiming at providing the online self-training platform "Bpifrance E-learning university” in favor of with business leaders in ICD network French-speaking member countries. This partnership illustrates the will…

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), S&P Global Ratings join hands to host webinar on ‘Islamic Finance and Sukuk Markets'

The webinar focused on emerging markets to explore the effective tools for Sustainable Development in Commonwealth of Independent States (CIS) countries and Turkey

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), the private sector arm of the Islamic Development Bank (IsDB), S&P Global Ratings in collaboration with the Islamic Development Bank Group Business Forum (THIQAH), jointly organized a webinar titled: “The Islamic Finance and Sukuk Markets” on Wednesday, June 2, 2021.…

Islamic Corporation for the Development of the Private Sector (ICD)
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    • The Islamic Corporation for the Development of the Private Sector and the Arab Tourism Organization sign a Memorandum of Understanding and Cooperation
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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 and the Arab Tourism Organization sign a Memorandum of Understanding and Cooperation

Memorandum fulfils the objectives of the ICD, aiming at enhancing and improving the structures and mechanisms of cooperation among the member countries of the Organization of Islamic Cooperation

Under the patronage of His Excellency Dr. Bandar bin Fahd Al Fahid, President of the Arab Tourism Organization (ATO) - Mr. Ayman Amin Sejiny, CEO of the Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-ps.org), member of the Islamic development Bank Group (IDBG), and His Excellency Mr.…

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 the Government of Burkina Faso Join Hands to Support the BRAVE Women Project in Burkina Faso

This new project is expected to not only enhance the resilience of SMEs owned/managed by women but to also support the National Economic and Social Development Plan (PNDES) of Burkina Faso

The Islamic Development Bank (IsDB) Group and its private sector development arm, the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org), have joined hands with the government of Burkina Faso through “Maison de l’Entreprise du Burkina Faso (MEBF)”, to implement the “Business Resilience Assistance for Value-adding Enterprises”…

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

The Republic of Maldives successfully prices its debut sovereign US$200 million 5-year Sukuk issuance

The Senior Unsecured 144A/ Reg S Sukuk will be issued from the recently established Maldives Sukuk Issuance Limited’s US$1.0 billion Trust Certificate Issuance Programme

The Ministry of Finance, on behalf of the Government of the Republic of Maldives, successfully priced a US$200 million debut sovereign Sukuk on 29 March 2021. The country’s first Sukuk issue will have a 5-year maturity and pays a 9.875% semi-annual coupon. The proceeds of the issuance will be used…

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

Signing of Line of Financing Agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Banque de l’Union - Côte d’Ivoire (BDU-CI)

ICD has extended Line of Financing facilities to several financial institutions in Sub Saharan countries for the development of the private sector

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org), the private sector arm of the Islamic Development Bank (IsDB) Group, and Banque de l’Union - Côte d’Ivoire (the Bank or BDU-CI), a member of the BDM Group, signed an agreement to finance private sector enterprises in Côte d’Ivoire.…

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

CIBAFI – ICD Webinar Focused on the Important Role that “Open Banking” Presents for Growth and Development of Islamic Banks

The webinar also looks at the Open Banking model opportunities and challenges associated with it

The General Council for Islamic Banks and Financial Institutions (CIBAFI) and the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org) have launched the first series of their joint webinars. CIBAFI – ICD Webinar on “Open Banking: A Driving Force for Islamic Banking Growth and Development” was successfully…

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

Signing of a USD 25 Million Line of Financing Agreement between the Islamic Corporation for the Development of the Private Sector and JSCB “Uzbek Industrial and Construction Bank”

The ICD extended its third Line of Financing facility to JSCB with the aim of promoting Islamic finance, improving financial inclusion and supporting private sector development in Uzbekistan

Mr. Ayman Amin Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org), and Mr. Sakhi Annaklichev, the Chairman of the Management Board of Uzbek Industrial and Construction Bank (JSCB), signed a USD 25 Million Shari’ah-compliant Line of Financing Agreement which will be utilized…

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

Signing of an Agency Agreement between Islamic Corporation for the Development of the Private Sector (ICD) and Islamic Development Bank (IsDB) for Implementation of R2 COVID Support Line of Finance

ICD is offering its expertise in implementation of R2 “Restore Program” COVID-19 Support in the area of Line of Finance transactions

H. E. Dr Bandar Hajjar, the President of the Islamic Development Bank Group (IsDBG) and Mr. Ayman Amin Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org), the private sector arm of IsDBG, signed an Agency Agreement for the implementation of IsDB Group’s R2…

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

Signing of the Advisory Services Agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Turonbank, Uzbekistan

Turonbank is one of the more recent partners of ICD and has been utilizing USD 10 million Line of Financing Facility granted by ICD to finance SMEs in Uzbekistan

Mr. Ayman Amin Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org), the private sector arm of the Islamic Development Bank Group (IsDBG), and Mr. Chori Sadibakosovich Mirzaev, Chairman of the Management Board of Turonbank, signed an Advisory Services Agreement in relation to…