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 Sumitomo Mitsui Banking Corporation (SMBC)

ICD is committed to supporting Japan as the country works toward further developing the Islamic finance capabilities of its well-established financial institutions

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), and Sumitomo Mitsui Banking Corporation Europe Limited, a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC) (www.SMBCgroup.com) have signed a bilateral agreement today.   The agreement is one…

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 Islamic facility agreement with Mizuho Bank (M) Berhad

The USD150 million Murabahah agreement is the second bilateral Islamic facility that has been extended to ICD by Mizuho Bank (M) Berhad

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.org), and Mizuho Bank (M) Berhad, a subsidiary of Mizuho Banking Group, have formalized a signing of Islamic financing agreement today. The financing is earmarked for the purpose…

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 Islamic credit facility agreement (Murabaha) with Mizuho Bank (Malaysia) Berhad

The USD300 million Murabahah agreement is the first cross-border bilateral Islamic facility for Mizuho Bank (Malaysia) Berhad

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, and Mizuho Bank (Malaysia) Berhad, a subsidiary of Mizuho Bank, Ltd. have formalized a financing agreement today. The financing is for a term of two years and has…

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

IFDI 2016 highlights resilient growth in the Islamic finance industry

Global Islamic finance development, as measured by the IFDI global average value, declined to 8.8 in 2016 from 9.9 in 2015

Islamic finance assets grew 7% hitting US$ 2 trillion at the end of 2015 2015’s drop in oil prices took a toll on the performance of financial institutions 622 institutions provided Islamic finance education in 2015 35 countries practise Islamic finance regulation in 2015 Thomson Reuters (www.ThomsonReuters.com), the world's leading…

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

Jordan closes its Inaugural Sovereign Local Currency Sukuk in Cooperation with Islamic Corporation for the Development of the Private Sector (ICD) and Japan International Cooperation Agency (JICA)

The landmark sovereign issuance marks a major step to develop the Islamic Jordanian capital market as well as provides Shariah-compliant banks with an investment avenue

On the 17th of October 2016 the Hashemite Kingdom of Jordan (“Kingdom”), closed its inaugural local currency Sukuk. The debut sovereign issuance was more than three-times oversubscribed. The amortized Ijarah-based Sukuk has a tenor of five years and expected profit rate of 3.01%. The landmark sovereign issuance marks a major…

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

The Inaugural Africa Islamic Finance Forum by the Cote d’Ivoire Government and the Islamic Corporation for the Development of Private Sector (ICD)

The two-day event will feature extensive discussions capitalizing on investment opportunities in key African markets

To be held on the 17th and 18th September at the Sofitel Abidjan Hotel Ivoire, the inaugural Africa Islamic Finance Forum 2015 is designed specifically for the benefit of local and international market players to explore the development opportunities in Islamic finance both in the Cote d’Ivoire, locally and regionally…