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

Signing of commitment letter and memoranda of understanding with Tunisian companies with the aim to develop the private sector

Business in Tunisia is at the heart of ICD’s strategy to help the Tunisian private sector in the most effective ways

The Islamic Corporation for the Development of the Private sector (ICD) (www.ICD-PS.org) signed a commitment letter with Caisse des Dépôts et Consignations (CDC), Tunisia, as well as seven memoranda of understanding, namely with CDC, Wifak Bank, Zitouna Tamkeen, Intilaq Fund, BFPME and UGFS. The signing ceremony was held at the Four…

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) highlighted the role of small-and-medium-sized enterprises (SMEs) as engine of growth and sustainable development during the 43rd Annual Meeting of Islamic Development Bank Group

ICD also informed developmental partners on practices and tools to be used for designing SME resilience support programs

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org) held interactive sessions during the IsDB group (www.IsDB-pilot.org) private sector forum alongside with IsDB Group 43rd Annual Meeting in the Four Seasons Hotel. The event entitled “The SMEs: engine of growth and sustainable development”, raised awareness with regard…

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

Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

This exclusive, invitation-only event is designed specifically for the benefit of local and international market players to explore development opportunities in Islamic finance in Africa

Following the huge success of its first and second editions in 2016 which attracted over 420 delegates, the 3rd Africa Islamic Finance Forum (www.Africa-IF.com) will return 27-28 March, located at the Federal Palace Hotel, Lagos Nigeria hosted by the Ministry of Finance Nigeria in collaboration with the Islamic Corporation for…

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), International Association of Islamic Business (IAIB), Sberbank and IsDB Group Business Forum (THIQAH) organized the 1st Russian Islamic Economy Forum in Moscow – Russia (27th February 2018)

The Forum aimed to provide a long-term platform to facilitate business partnerships and develop joint investments, collaboration and trade facilitation

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), the private sector arm of IsDB Group (www.IsDB-pilot.org), the International Association of Islamic Business (IAIB) and Sberbank of Russia, in close cooperation with the IsDB Group Business Forum (THIQAH) (www.IDBGBF.org) and KPMG have organized the 1st Russian Islamic…

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

Trustbank Amanah, the first Islamic Bank in Suriname and region, to play an important role in the development of entrepreneurship and economic growth

Trustbank Amanah aims to develop, support and encourage Small and Medium Enterprises (SMEs) in accordance with Islamic Finance principles

Islamic banking has made its entry in Suriname with the approval of the Central Bank of Suriname (CBvS) for Islamic products and services in the banking sector. The official opening of Trustbank Amanah (www.TrustbankSuriname.com), the first Islamic Bank in Suriname and the region, took place on Thursday 7th of December…

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

Signing of the USD 10 Million Line of Financing agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Micro-Credit Company Mol Bulak Finance from Kyrgyz Republic

The financial support to micro-entrepreneurs in Kyrgyzstan will contribute to poverty reduction, increase level of employment, and assist in the development of entrepreneurship and social mobilization

The Chief Executive Officer of the Islamic Corporation for the Development of the Private sector (ICD) (www.ICD-ps.org), the private sector arm of IsDB Group (www.IsDB.org), Mr. Khaled Al-Aboodi, and the Chief Executive Officer of the Micro-Credit Company Mol Bulak Finance (Mol Bulak), Mr. Babyrzhan Tolbaev, signed a Line of financing…

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…

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)
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…