Islamic Corporation for the Development of the Private Sector (ICD)
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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…

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

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…

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), 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…

Islamic Corporation for the Development of the Private Sector (ICD)
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…

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

The Islamic Corporation for the Development of the Private Sector (“ICD”) signed a collaboration Memorandum of Understanding (MoU) with FINTERRA PTE LTD (“Finterra”)

During the current Covid-19 global pandemic it is clear that digital channels and online working are increasingly important to financial services and financial inclusion

On DAY and DATE Mr. Ayman 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 Group, and Mr. Satesh Khemlani, the Managing Director of Finterra PTE Ltd. (www.FINTERRA.org), signed a Memorandum of  Understanding to…

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

United Nations Resident Coordinator Office signs Letter of Understanding with Islamic Corporation for the Development of the Private Sector (ICD)

To conduct a study on the potential of Awqaf in contributing to the achievement of Saudi Arabia’s National Transformation Programme (NTP) and the United Nations Sustainable Development Goals (SDGs)

On Thursday 23, April 2020 Mrs. Nathalie Fustier from The United Nations Resident Coordinator in the Kingdom of Saudi Arabia (KSA) and Mr. Ayman Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank Group, signed a…

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 and an Advisory Agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Asia Alliance Bank (AAB), Uzbekistan

The USD 10 Million Shari’ah - compliant Line of Financing facility based on Wakala structure will be utilized by AAB to provide financial support to the private sector in Uzbekistan

The Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-PS.org/), the private sector arm of the Islamic Development Bank Group (IsDBG), signed with Asia Alliance Bank (AAB) a USD 10 Million Line of Financing Agreement to support small and medium enterprises (SMEs) in Uzbekistan and an Advisory Agreement…

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…