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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) Participates in Saudi Telecom Company's USD 2.0 Billion Dual Tranche Sukuk Issuance

The transaction's competitive pricing underscores market recognition of STC's operational excellence, digital transformation agenda, and alignment with Saudi Vision 2030

ICD serves as Joint Lead Manager for STC's USD 2.0 billion dual-tranche Sukuk. First-time collaboration between ICD and Saudi Arabia's largest telecommunications company. Transaction achieves 4x oversubscription with USD 8 billion in total orders from 300+ global investors. Competitive pricing reflects strong market confidence in STC's credit quality and strategic…

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

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    • Women's Entrepreneurship Training Program in the Fashion Industry (1)
    • Women's Entrepreneurship Training Program in the Fashion Industry (2)
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Women's Entrepreneurship Training Program in the Fashion Industry

The Program is tailored and designed to build the capabilities and skills of the participating women entrepreneurs

The Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-PS.org/en), J.P. Morgan (https://JPMorgan.com) and Nafisa Shams Academy and incubator are announcing the official launching of a joint program for training and incubation in the fashion sector in Saudi Arabia (the “Program”).  The Program is dedicated to women entrepreneurs with…

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

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    • The Role of Awqaf in the Vision 2030 and SDGs in the Kingdom of Saudi Arabia
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

The Role of Awqaf in the Vision 2030 and SDGs in the Kingdom of Saudi Arabia

A Study by the Islamic Corporation for the Development of the Private Sector (ICD) and the United Nations

The United Nations in the Kingdom of Saudi Arabia (UN in KSA) and the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org) today launched a research paper on ‘Awqaf for the Achievement of Vision 2030 and the Sustainable Development Goals (SDGs)’. Awqaf – Islamic endowments – have…

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…

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

The United Nations Resident Coordinator’s Office (UNRCO) and Islamic Corporation for the Development of the Private Sector (ICD) Announce Formation of Advisory Committee for their Awqaf Research Project

The Advisory Committee will play a major role in supporting the direction of the research study

The United Nations Resident Coordinator’s Office (UNRCO) in the Kingdom of Saudi Arabia and the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-IDB.org), announced the launch of their joint initiative’s newly formed advisory committee. On April 23, 2020, UNRCO and ICD have signed a Letter of Understanding…

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”) 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…

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