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…

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

Islamic Finance Development Indicator (IFDI) 2019 witnesses shifting dynamics in Islamic finance

Developed markets continue to revise Islamic finance regulations and frameworks

Islamic finance assets grow 3 percent in 2018 to US$ 2.5 trillion; the Sukuk asset class continues strong growth, rising 10 percent in 2018 to US$ 470 billion; developed markets continue to revise Islamic finance regulations and frameworks; Islamic FinTech gained pace with the issuance of blockchain-based micro-Sukuk and a…

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) |

The Islamic Corporation for the Development of the Private Sector (ICD) and Kapitalbank sign a bilateral agreement to develop Islamic Finance in Uzbekistan

The agreement was signed during ICD official visit to Uzbekistan as part of its mandate to explore development opportunities

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), signed an agreement to assist Kapitalbank (www.Kapitalbank.uz) with technical advisory services for the establishment of new Islamic banking window. The agreement was signed during ICD official visit to Uzbekistan as part of its mandate to explore development opportunities…

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) signs USD 20 Million Financing Facility with the Meghna Group, Bangladesh

The project is expected to create a direct employment of 1,123 people during its operation and will also generate revenue for the government

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), the private sector arm of Islamic Development Bank (IsDB) Group (www.ISDB.org), signed a Islamic financing agreement with the Meghna Sugar Refinery Limited (MSRL) (www.MeghnaGroup.biz) of Bangladesh to assist in setting up a sugar refinery in the Meghna Economic…

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) |

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) |

SBERBANK of Russia signs Memorandum of Understanding with Islamic Corporation for the Development of the Private Sector (ICD) to develop and offer Islamic finance products to its clients

ICD, strong with its experience in Islamic finance, will help share its knowledge to develop the corporate, retail and private banking

SBERBANK of Russia (SBR) (www.SBERBANK.ru/en) Moscow today signed a Memorandum of Understanding (MOU) with 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 (www.IsDB-pilot.org), to help SBR’s clients access Islamic finance products.   SBR provides its services…

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…