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…

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) |

The Steering Group meeting of International Development Finance Club (IDFC)

The meeting was hosted by the Moroccan Caisse de Dépôt et de Gestion (CDG Group) in Morocco’s economic capital, Casablanca

On 26th June 2019, Mr. Ayman Amin Sejiny, the CEO of ICD, has attended the IDFC Steering Group meeting. The meeting was hosted by the Moroccan Caisse de Dépôt et de Gestion (CDG Group) in Morocco’s economic capital, Casablanca. Mr. Ayman Sejiny delivered opening remarks and expressed his high expectations…

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) and Private Joint-Stock Bank (PJSB) “Trustbank” met and signed a collaboration Memorandum of Understanding (MoU) in Uzbekistan

The cooperation between Trustbank and ICD started on July 9, 2018, during the visit of the Trustbank’s delegation to Jeddah (Saudi Arabia)

On June 10, 2019, the management of the Private Joint-Stock Bank “Trustbank” (Trustbank.uz/en) welcomed the delegation of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), headed by the CEO, Mr. Ayman Sejiny. The meeting was held in the framework of strengthening the cooperation between the two…

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) announces the signing of a Bilateral Agreement with Mizuho Bank (Malaysia) Berhad

The agreement was signed by Mr. Ayman Sejiny, the Chief Executive Officer of ICD, and Mr. Shojiro Mizoguchi, Chief Executive Officer of Mizuho Bank (Malaysia) Berhad

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), the private sector development arm of Islamic Development Bank (IsDB) Group, and Mizuho Bank (Malaysia) Berhad, a subsidiary of Mizuho Bank Ltd. yesterday signed a bilateral agreement, signifying another milestone in the continuous strategic partnership between ICD and…

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