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 facility agreement with Mizuho Bank (M) Berhad

The USD150 million Murabahah agreement is the second bilateral Islamic facility that has been extended to ICD by Mizuho Bank (M) 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 (www.IsDB.org), and Mizuho Bank (M) Berhad, a subsidiary of Mizuho Banking Group, have formalized a signing of Islamic financing agreement today. The financing is earmarked for the purpose…

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

Alfanar closes the financing for the landmark 50 MW Solar PV IPP project under the feed-in-tariff (FiT) program Round II in Egypt

This project will be the first in the row of alfanar current pipeline of 800 MW investment projects spread across Europe, East Africa and South Asia, in both solar and wind technologies

Alfanar Company (www.alfanar.com) closed last week the financing for the development, construction, ownership and operation of a 50 MW solar PV plant which will be located in the proposed 1.8-GW Benban solar complex in Egypt's Aswan province and which will be supported by Egypt's FiT program. This project will be…

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

The Islamic Corporation for the Development of the Private Sector and Alfa Solar Co. to part-fund the development, construction and operation of a 50 megawatts solar PV project in Egypt

Alfa Solar has executed a power purchase agreement with the Egyptian Electricity Transmission Co. (EETC) in May 2017, and is working with ICD and EBRD to achieve financial close by October 2017

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), and Alfa Solar Co.- a subsidiary of Alfanar Company, have signed facility agreements for a US$28.5 million Shariah-compliant senior financing to part-fund the development, construction and operation…

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

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) has been honoured with two prestigious awards in Kuala Lumpur

The two winning deals include ‘Best Deal, Saudi Arabia’ which was a USD300 million wakala sukuk and also the first public issuance for ICD, and ‘Best Deal, Bangladesh’, which was a USD32 million syndicated term finance facility for Noman Group in which ICD acted as the co-arranger

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, was presented with two prestigious awards at The Asset Triple A Islamic Finance Awards ceremony in Kuala Lumpur, Malaysia today. The two winning deals include ‘Best Deal, Saudi…

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

ICD and JSCB “Microkreditbank” Cooperate to Finance SMEs in Uzbekistan

The collaboration will focus on developing private sector especially SMEs, supporting economy, strengthening the balance sheet of the Bank, improving the living standard of the population by creating jobs, generating tax revenues for the government and promoting Islamic Banking in the country

The Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-PS.org), the private sector arm of IDB Group, and JSCB “Microkreditbank”, Uzbekistan have entered into a Joint Strategic Collaboration to finance SMEs in Uzbekistan. The CEO of ICD, Mr. Khaled Al-Aboodi, and the Acting Chairman of the Management Board…

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

ICD and Tadhamon International Islamic Bank (TIIB) partner to support Business Resilience of MSMEs in Yemen under BRAVE Project

The pilot phase will support around 300 firms in five key sectors (agribusiness, food processing, fisheries, garmenting and health care) through an integrated package of tailored training program and financial support in partership with four local banks

The Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-PS.org), the private sector arm of IDB Group, Tadhamon International Islamic Bank (TIIB) (www.TIIB.com) have entered into partnership to support Business Resilience of MSMEs under the pilot phase of BRAVE Project currently implemented jointly with the Small and Micro…

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

ICD Extends $5 Million Line of Finance Facility to Arab Gambian Islamic Bank

The collaboration will focus on developing private sector, supporting economy, strengthening the balance sheet of the Bank, improving the living standard of the population by creating jobs, generating tax revenues for the government and promoting Islamic Banking in the country

The Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-PS.org), the private sector arm of IDB Group, and Agib Bank Ltd (www.AGIB.gm) have entered into a Joint Strategic Collaboration to finance private sector entities in The Gambia. On behalf of the CEO of ICD, Mr Khaled Al Aboodi,…

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

ICD cooperates with Azerbaijan National Academy of Sciences High Technologies Park to help SMEs

Through this collaboration, both institutions will be exploring potential investment opportunities that may contribute to developing the private sector of the ICD member countries as well as to achieving the strategic goals of ANAS HTP

The Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-PS.org), the private sector arm of IDB Group, and Azerbaijan National Academy of Sciences High Technologies Park (ANAS HTP) have entered into a Joint Strategic Collaboration to help provide financing to companies and SMEs interested in realizing investment projects…