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    • The 2nd ICD – CIBAFI Webinar Discussed the Emergence of Cryptocurrencies and its Potential for the Growth of Islamic Finance Industry
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The 2nd ICD – CIBAFI Webinar Discussed the Emergence of Cryptocurrencies and its Potential for the Growth of Islamic Finance Industry

Cryptocurrencies have been emerging as a new digital means for payment facilitating efficient, convenient, and secure transactions

The General Council for Islamic Banks and Financial Institutions (CIBAFI) and the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org) joined forces for the second time this year to fuel a discussion on “Cryptocurrencies – A Double-edged Sword: Challenges and Opportunities for Islamic Finance”. Cryptocurrencies have been…

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ICD provides USD 50 million financing to ALAFCO Aviation Lease and Finance Company K.S.C.P., Kuwait

ICD’s financing will strengthen the operations of ALAFCO and help it to be well prepared as economic activities and travel picks up

Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-PS.org) and ALAFCO Aviation Lease and Finance Company K.S.C.P.(“ALAFCO”) signed a four-year syndicated secured financing agreement for USD 75 million with a USD 50 million participation from ICD making it the lead financier in the transaction. While the aviation sector…

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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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    • ICD’s Event Discusses Ways to Promote Cross-Border Disruptive Financial Services (1)
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ICD’s Event Discusses Ways to Promote Cross-Border Disruptive Financial Services

ICD also aimed to update solution providers and executers with the latest regulations and policy updates

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), a member of the Islamic Development Bank Group (IDBG), organized a side event titled “Role of ICD’s Bridge Platform in Digitalization and Restoring businesses after COVID-19 pandemic” On 3rd September 2021. ICD objective behind the event was to…

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    • Signing of the Advisory Services Agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Orient Finans Bank, Uzbekistan
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Signing of the Advisory Services Agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Orient Finans Bank, Uzbekistan

The intended Islamic Window will create an opportunity for Orient Finans Bank to be one of the foremost wholly profit-sharing Islamic Windows

Mr. Ayman Amin Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (www.ICD-PS.org), the private sector arm of the Islamic Development Bank Group, and Mr. Tokhir Djunaydullaev, Chairman of the Board of Orient Finans Bank, signed an Advisory Services Agreement in relation to launching of an…

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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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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.…

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    • The Islamic Corporation for the Development of the Private Sector and the Arab Tourism Organization sign a Memorandum of Understanding and Cooperation
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The Islamic Corporation for the Development of the Private Sector and the Arab Tourism Organization sign a Memorandum of Understanding and Cooperation

Memorandum fulfils the objectives of the ICD, aiming at enhancing and improving the structures and mechanisms of cooperation among the member countries of the Organization of Islamic Cooperation

Under the patronage of His Excellency Dr. Bandar bin Fahd Al Fahid, President of the Arab Tourism Organization (ATO) - Mr. Ayman Amin Sejiny, CEO of the Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-ps.org), member of the Islamic development Bank Group (IDBG), and His Excellency Mr.…

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Islamic Development Bank (IsDB), Islamic Corporation for the Development of the Private Sector (ICD) and the Government of Burkina Faso Join Hands to Support the BRAVE Women Project in Burkina Faso

This new project is expected to not only enhance the resilience of SMEs owned/managed by women but to also support the National Economic and Social Development Plan (PNDES) of Burkina Faso

The Islamic Development Bank (IsDB) Group and its private sector development arm, the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org), have joined hands with the government of Burkina Faso through “Maison de l’Entreprise du Burkina Faso (MEBF)”, to implement the “Business Resilience Assistance for Value-adding Enterprises”…

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CIBAFI – ICD Webinar Focused on the Important Role that “Open Banking” Presents for Growth and Development of Islamic Banks

The webinar also looks at the Open Banking model opportunities and challenges associated with it

The General Council for Islamic Banks and Financial Institutions (CIBAFI) and the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org) have launched the first series of their joint webinars. CIBAFI – ICD Webinar on “Open Banking: A Driving Force for Islamic Banking Growth and Development” was successfully…