Islamic Corporation for the Development of the Private Sector (ICD)
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    • Signing of agreement between Islamic Corporation for the Development of Private Sector (ICD) and I-FinTech Solutions (IFTS) to implement new technology solutions (1)
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Signing of agreement between Islamic Corporation for the Development of Private Sector (ICD) and I-FinTech Solutions (IFTS) to implement new technology solutions

The partnership between ICD and IFTS involves a pipeline of Fintech products that will be developed and implemented to mainly solve the Liquidity management issues

Tunis on the 29th of November 2018, The Islamic Corporation for the Development of Private Sector (ICD) (www.ICD-ps.org), the private sector arm of Islamic Development Bank Group (IsDB) has signed an investment agreement with I-FinTech Solutions (IFTS) company in Tunisia to collaborate in developing FinTech solutions and implement these technologies…

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) |

Islamic Corporation for the Development of the Private Sector (ICD) Board of Directors names Mr Ayman Sejiny as General Manager (CEO)

Mr. Ayman Amin Sejiny is highly accomplished financial industry leader

The Board of Directors of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org) in its 91st Meeting held on 3/9/2018 approved appointment of Mr. Ayman Amin Sejiny, as General Manager (CEO) of ICD. Dr. Bandar Hajjar, the President of IsDB and Chairman of ICD Board of…

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 Joint-Stock Commercial Bank Invest Finance Bank, Uzbekistan

The USD 7 million Shari’ah compliant Line of Financing facility will be utilised by InFinBank to provide financial support to private sector

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 Joint-Stock Commercial Bank Invest Finance Bank (InFinBank), Mr. Bobir Burkhanov signed a Line of financing agreement for a USD 7…

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…

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

The Islamic Corporation for the Development of the Private Sector (ICD) Board of Directors names Al Ammari as Acting CEO & General Manager following departure of Al Aboodi

Mr. Al Ammari is assuming the position at the helm of ICD on an interim basis until the designation of a new CEO and General Manager

The Board of Directors of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org) named Mr. Mohammed Al Ammari as Acting CEO & General Manager, succeeding Mr. Khaled Al Aboodi, who has recently been appointed to lead the government-owned Saudi Agricultural and Livestock Investment Company (SALIC).  …

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) Signs Memorandum of Understanding with JANA to Test New Banking Model

Both parties agreed that JANA will be incorporating the new model as a test case in its Qarde Hasanah Programme, which is now being operated in different parts of Saudi Arabia

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-pilot.org), signs today a Memorandum of Understanding (MoU) with JANA Bena’a Productive Families (www.JANA-SA.org) of Saudi Arabia in order to test a new banking model named “Biniog Sathi”.…

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 African Export-Import Bank (Afreximbank) sign First-ever Line of Financing agreement

The USD 100-million line of financing facility will be utilized by Afreximbank to provide Shariah-compliant financing to small and medium-sized enterprises (SMEs) in its member countries in Africa

The Islamic Corporation for the Development of the Private sector (ICD) (www.ICD-ps.org) and the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) signed a Line of financing agreement for a USD 100-million facility. The USD 100-million line of financing facility will be utilized by Afreximbank to provide Shariah-compliant financing to small and medium-sized…

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

The Islamic Corporation for the Development of the Private Sector (ICD) and Shobak Wind Energy PSC (the “Project Company”) have signed facility agreements for a US$26 million

The Project, which will deploy 13 wind turbines supplied by Vestas Wind Systems, will be constructed over a 2-year period and have a total cost of approximately US$104 million

The Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-ps.org) and Shobak Wind Energy PSC (the “Project Company”) have signed the facility agreements for a US$26 million Shariah-compliant senior financing to part fund the construction of a 45 MW wind farm (the “Project”) in Jordan near the Shobak…