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…

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) 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) has been honoured with two prestigious awards in Kuala Lumpur

The two winning deals include ‘Best Deal, Saudi Arabia’ which was a USD300 million wakala sukuk and also the first public issuance for ICD, and ‘Best Deal, Bangladesh’, which was a USD32 million syndicated term finance facility for Noman Group in which ICD acted as the co-arranger

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, was presented with two prestigious awards at The Asset Triple A Islamic Finance Awards ceremony in Kuala Lumpur, Malaysia today. The two winning deals include ‘Best Deal, Saudi…

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

ICD Extends $5 Million Line of Finance Facility to Arab Gambian Islamic Bank

The collaboration will focus on developing private sector, supporting economy, strengthening the balance sheet of the Bank, improving the living standard of the population by creating jobs, generating tax revenues for the government and promoting Islamic Banking in the country

The Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-PS.org), the private sector arm of IDB Group, and Agib Bank Ltd (www.AGIB.gm) have entered into a Joint Strategic Collaboration to finance private sector entities in The Gambia. On behalf of the CEO of ICD, Mr Khaled Al Aboodi,…

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

ICD and FINOKO signed a MoU to cooperate in the establishment of the Islamic Microfinance Window

The CEO of ICD, Mr. Khaled Al Aboodi and Mr. Turan Ismayilov the Chief Executive Officer of FINOKO sign the Agreement during IDB 42nd annual meeting at hotel Hilton in Jeddah

The Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-PS.org), the private sector arm of IDB Group, and FINOKO have entered into a Joint Strategic Collaboration to establish an Islamic Microfinance Window. The CEO of ICD, Mr. Khaled Al Aboodi and Mr. Turan Ismayilov the Chief Executive Officer…

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

ICD Signs MOU with the City Bank Limited to Strengthen Collaboration

The joint collaboration will encompass the areas of Term Finance, Public Private Partnership transactions, Lines of Finance and any other areas of mutual interest

On May 18, 2017, 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 signed a Memorandum of Understanding with City Bank, Bangladesh in order to strengthen collaboration for fostering private sector development in the country. The signing…

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

ICD and KIMB signed a MoU to cooperate in Islamic Microfinance

The CEO of ICD, Mr Khaled Al Aboodi and Mr. Yousuf Al Kuraimi, the Vice Chairman & CEO of KIMB signed the MOU during the IDB 42nd annual meeting at Hilton Jeddah, in Saudi Arabia

The Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-PS.org), the private sector arm of IDB Group, and, Al Kuraimi Islamic Microfinance Bank (“KIMB”) have entered into a Joint Strategic Collaboration to implement Islamic Microfinance Institutions   The CEO of ICD, Mr Khaled Al Aboodi and Mr. Yousuf…

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

ICD organized the ICD Clients Day during IsDB 42nd annual meeting

The event was a chance to share knowledge about major changes and economic developments in the member countries, to assess business, investment and projects opportunities

During the IsDB 42nd Annual Meeting, the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), organized a side event entitled “ICD Clients Day” at Hilton Hotel (Al Qasr A) Jeddah – Saudi Arabia. During the event, ICD seized the opportunity to meet with potential clients and stakeholders…

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 the Faculty of Economics and Administration at KAU sign an MOU

The two parties also agreed to enhance cooperation in the fields of training and human resource development

Mr. Khalid Mohammed Al-Aboodi, Chief Executive Officer of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), member of the Islamic Development Bank Group, and Dr. Tawfiq Bin AbdulMohsen Al Khayal, Dean of the Faculty of Economics and Administration at King Abdulaziz University, signed a Memorandum of…