We use cookies to improve your experience. By your continued use of this site you accept such use.
Islamic Corporation for the Development of the Private Sector (ICD)
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”…

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

The United Nations Resident Coordinator’s Office (UNRCO) and Islamic Corporation for the Development of the Private Sector (ICD) Announce Formation of Advisory Committee for their Awqaf Research Project

The Advisory Committee will play a major role in supporting the direction of the research study

The United Nations Resident Coordinator’s Office (UNRCO) in the Kingdom of Saudi Arabia and the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-IDB.org), announced the launch of their joint initiative’s newly formed advisory committee. On April 23, 2020, UNRCO and ICD have signed a Letter of Understanding…

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 signs Memorandum of Understanding (MoU) with the A-eTrade Group to advance Africa’s economic transformation under Agenda 2063

The scope of cooperation envisaged in the MoU provides for a landmark contribution to Africa’s economic structural transformation

During the 33rd Ordinary Session of the African Union Head of States Summit, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), the private sector arm of the Islamic Development Bank Group, duly represented by Mr. Ikbal Daredia, Senior Advisor to the CEO and…

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

Islamic Finance offers potential for development of the private sector through innovative investments and instruments

Trustbank Amanah and Islamic Corporation for the Development of the Private Sector (ICD) signed new agreements in the form of Memorandum of Understandings

Trustbank Amanah and the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org) , the private sector arm of the Islamic Development Bank Group (IsDBG), organized the "1st Caribbean Islamic Finance Forum" in Suriname on 15th of November 2019, in the Royal Ballroom of Torarica. The forum highlighted the…

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 IAP Integrated Sdn Bhd (“IAP Integrated”) signed a collaboration Memorandum of Understanding (MoU) in Kuala Lumpur

The Memorandum of Understanding (MoU) came as a result of an ongoing discussion about future collaboration, between ICD and IAP Integrated

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”) Group, today inked a collaboration Memorandum of Understanding (MoU) with IAP Integrated Sdn Bhd (“IAP Integrated”) (www.IAPlatform.com), the owner and operator of the Investment Account Platform or IAP.…

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 the State Bank for Foreign Economic Affairs of Turkmenistan

The USD 10 million Shari’ah compliant Line of Financing facility based on Wakala structure will be utilized by State Bank for Foreign Economic Affairs of Turkmenistan (SBFEAT)

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), signed a USD 10 Million Line of Financing Agreement with the State Bank for Foreign Economic Affairs of Turkmenistan (SBFEAT). H.E. Mr. Rahimberdi J. Jepbarov, Chairman of SBFEAT)…

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 7 Million Line of Financing agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Private Joint-Stock Trustbank, Uzbekistan

This USD 7 million financing is a first Shariah compliant Line facility for Trustbank

The Acting Chief Executive Officer of the Islamic Corporation for the Development of the Private sector (ICD) (www.ICD-PS.org), Mr. Najmul Hassan and the Chairman of the Management Board of the Private Joint-Stock Trustbank (Trustbank) (https://Trustbank.uz/en/), Mr. Sardor Normukhamedov signed a Line of financing agreement for a USD 7 million facility…

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

Islamic Windows of Coris Bank International pave the way to achieve SDG goal by ensuring financial inclusion and shared prosperity

The aim of Coris Bank is to present its customers with alternative Islamic Banking products and services

Islamic banking is gaining a strong footing in African region with the launching Islamic banking windows of Coris Bank International in Mali, Senegal, Benin and Côte d’Ivoire. May 29, 2018, the official launching of Coris Bank Baraka Senegal took place in the presence of the Islamic Corporation for the Development…

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) |

Signing of the Line of Financing agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Sub Saharan African Banks

ICD is now focusing on increasing access to funding to the private sector by channeling the funds to established financial institutions in its member countries

The Islamic Corporation for the Development of the Private sector (ICD) (www.ICD-PS.org)  and Afriland First Group, Banque Islamique du Senegal, EBID, BSIC Mali and Coris Bank Mali signed a Line of financing agreements for a Euro 45 million, Euro 50 Million, Euro 25 Million, Euro 9 Million and Euro 6…