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

Trade and Development Bank (TDB) and ICD sign an MoU to support private sector investment in common African member states

The agreement establishes a framework for both institutions to collaborate with the aim of financing eligible transactions in targeted countries sponsored by the private sector or non-sovereign backed projects

The Eastern and Southern African Trade and Development Bank (TDB) and the Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-PS.org) have signed a Memorandum of Understanding (MoU) with the purpose of advancing cooperation in the provision of finance and investment to private sector in their common Member States…

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    • Islamic Corporation for the Development of the private sector (ICD) Signs Line of Finance Agreements with Four Uzbekistan Banks
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the private sector (ICD) Signs Line of Finance Agreements with Four Uzbekistan Banks

The agreements were signed in Tashkent, Republic of Uzbekistan, during the Annual Meetings of the Islamic Development Bank (IsDB)

The Islamic Corporation for the Development of the private sector (ICD) (www.ICD-ps.org), a member of the Islamic Development Bank Group (IsDBG), has signed Line of Financing (LoF) agreements with four banks in Uzbekistan, granting a total of $40 million. These include LoF of $10 million for Kapitalbank, $10 million for…

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

ICD and AIH Signed a Collaboration MoU to Develop and Strengthen the Azerbaijan Private Sector

Under the MoU both parties will co-operate in exploring the possibility of supporting the companies under AIH portfolio for the potential issuance of sukuk

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), and Azerbaijan Investment Holding (AIH) have signed a Memorandum of Understanding (MoU) to establish a framework of cooperation between the two parties for the furtherance of their…

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    • Islamic Corporation for the Development of the Private Sector (ICD) and Sanoat Qurilish Bank (SQB) Sign a Collaboration MoU to Develop and Strengthen the Private Sector in Uzbekistan
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) and Sanoat Qurilish Bank (SQB) Sign a Collaboration MoU to Develop and Strengthen the Private Sector in Uzbekistan

The MoU was signed by Mr. Ayman Amin Sejiny, CEO of ICD and Mr. Sakhi Annaklichev, Chairman of the Board of SQB

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), and Sanoat Qurilish Bank (SQB) have signed a Memorandum of Understanding (MoU) to establish a framework of cooperation between the two parties for the furtherance of their…

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    • Islamic Corporation for the Development of the Private Sector (ICD) and Federation of Egyptian Industries (FEI) sign a collaboration MoU to develop and strengthen the Egyptian private sector
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) and Federation of Egyptian Industries (FEI) sign a collaboration MoU to develop and strengthen the Egyptian private sector

Under the MoU both parties will co-operate in exploring the possibility of supporting the introduction of ICD’s programs to FEI member enterprises in Egypt

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), and the Federation of Egyptian Industries (FEI) have signed a Memorandum of Understanding (MoU) to establish a framework of cooperation between the two parties for the furtherance…

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    • Islamic Corporation for the Development of the Private Sector (ICD), Da Afghanistan Bank and Afghanistan Banks Association (ABA) Support in Transforming the Islamic Finance Industry in Afghanistan
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Islamic Corporation for the Development of the Private Sector (ICD), Da Afghanistan Bank and Afghanistan Banks Association (ABA) Support in Transforming the Islamic Finance Industry in Afghanistan

Highlighting their roles to increase understanding of the Islamic economy and funding, and the conversion of banks in Afghanistan into full-fledged Islamic banks

A webinar was held today jointly by the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org) and Afghanistan Banks Association (ABA), in collaboration with Da Afghanistan Bank (Central Bank). The webinar was organized with the support of the Islamic Development Bank Group Business Forum “THIQAH” (a function…

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

Islamic Corporation for the Development of the Private Sector (ICD), S&P Global Ratings join hands to host webinar on ‘Islamic Finance and Sukuk Markets'

The webinar focused on emerging markets to explore the effective tools for Sustainable Development in Commonwealth of Independent States (CIS) countries and Turkey

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), S&P Global Ratings in collaboration with the Islamic Development Bank Group Business Forum (THIQAH), jointly organized a webinar titled: “The Islamic Finance and Sukuk Markets” on Wednesday, June 2, 2021.…

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

Signing of memorandum of understanding (MoU) Between Development of the Private Sector (ICD) and SQB Securities, Uzbekistan

Mr. Sejiny stressed the importance of the MoU in increasing capacity-building, promoting knowledge-sharing and supporting greater sustainable access to finance across ICD member countries

Mr. Ayman Amin Sejiny, 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 (IsDB), and Mr. Amur Safaraliyevich Djalilov, the CEO of SQB Securities LLC (www.SQBS.uz), signed a MoU for the development of Islamic finance…

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

Refinitiv & Islamic Corporation for the Development of the Private Sector (ICD) 2020 Report: Global Islamic Finance Assets Expected to Hit $ 3.69 trillion in 2024

Islamic finance assets increased 14 percent to US$ 2.88 trillion in 2019, the highest recorded growth for the industry since the global financial crisis

Malaysia, Indonesia, Bahrain, UAE and Saudi Arabia ranked as the top five developed countries globally in Islamic Finance; Indonesia jumped to second place in IFDI ranking backed by government knowledge initiatives; Islamic finance assets increased 14 percent to US$ 2.88 trillion in 2019, the highest recorded growth for the industry…

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

Islamic Corporation for the Development of the Private Sector (ICD) Completes Pricing for a 5-Year USD 600 Million Sukuk Issuance

This is the largest Sukuk issuance by ICD (Rated A2 (stable) by Moody’s; A (negative) by Fitch Ratings) since inception

The Islamic Corporation for the Development of the Private Sector, (ICD) (www.ICD-IDB.org), a multilateral development financial institution and the private sector arm of the Islamic Development Bank Group (IsDBG), announces successful completion of the pricing of a five-year USD 600 million Sukuk issuance at MS + 140bps.   This is the largest Sukuk issuance by…