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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) leads successful closure of USD 145 Million Shariah-Compliant Syndicated Facility for Turk Eximbank

The 3-year Commodity Murabaha facility aims to boost export-oriented businesses and private sector growth in Türkiye

The Islamic Corporation for the Development of the Private Sector (“ICD”) (https://ICD-ps.org), a multilateral development financial institution and the private sector arm of the Islamic Development Bank (IsDB) Group, is pleased to announce the successful closure of USD 145 million Shariah compliant syndicated financing facility for Türkiye İhracat Kredi Bankası A.Ş. or Export…

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

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    • Empowering Türkiye's Economic Future: Islamic Corporation for the Development of the Private Sector (ICD) and Golden Global Investment Bank Ink USD 20 Million Private Sector Financing Agreement
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Empowering Türkiye's Economic Future: Islamic Corporation for the Development of the Private Sector (ICD) and Golden Global Investment Bank Ink USD 20 Million Private Sector Financing Agreement

ICD and GOLDEN GLOBAL INVESTMENT BANK Join Forces to Fuel SME and Corporate entities Growth in Türkiye

The Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-ps.org) and Golden Global Investment Bank (the Bank) have entered into a landmark agreement to bolster economic growth in Türkiye. This new USD 20 million Commodity Murabaha Facility is designed to support private sector projects, with a special focus on…

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

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    • Islamic Corporation for the Development of the Private Sector (ICD) Commits Eur 40 Million to Nakkas- Basaksehir Section of Türkiye’s Northern Marmara Highway Project
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) Commits Eur 40 Million to Nakkas- Basaksehir Section of Türkiye’s Northern Marmara Highway Project

It involves a 31.3-km toll road, including a 1.6-km cable-stayed bridge and multiple overpasses and underpasses

ICD is investing EUR 40 million in the Nakkaş-Başakşehir section as part of a EUR 1.04 billion funding package. The project incorporates solar energy and LED lighting, aiming to cut energy use and emissions significantly. It’s backed by a consortium led by Rönesans Holding, with support from MDBs and ECAs.…

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

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    • Empowering Türkiye's Energy Sector: The Islamic Corporation for the Development of the Private Sector (ICD) And Sampa Sign Eur 15 Million Term Sheet
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Empowering Türkiye's Energy Sector: The Islamic Corporation for the Development of the Private Sector (ICD) And SAMPA Sign Eur 15 Million Term Sheet

Through this partnership, SAMPA will construct a 21 MW captive solar power plant, which will reduce energy costs, lower CO2 emissions, and ultimately support Türkiye in achieving its net-zero targets

The Islamic Corporation for the Development of the Private Sector (ICD) is providing financing of €15 million to Türkiye’s Sampa Otomotiv Sanayi ve Ticaret A.Ş. (SAMPA) to support the development and construction of a 21 MW captive solar energy capacity. This agreement marks a significant partnership between ICD and SAMPA,…

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

Empowering Türki̇ye’s Agricultural Future: Islamic Corporation for the Development of the Private Sector (ICD) and Vakif Katilim Bankasi Sign USD 30 Million Financing Agreement

Strategic Partnership to Propel SME Growth and Strengthen Food Security in Türkiye

In a decisive move to bolster Türkiye's economic and agricultural landscape, the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org) has partnered with Vakıf Katılım Bankası A.Ş. (Vakıf Katılım) to provide USD 30 million in financing dedicated to small and medium-sized enterprises (SMEs) and corporate entities in…

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

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    • Metin Akdoğan, Deputy CEO of Golden Global Investment Bank and Eng. Hani Salem Sonbol, Acting CEO of ICD
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Golden Global Investment Bank Signs Letter of Intent for $20M Line of Finance from the Islamic Development Bank Group

The line will be utilized by Golden Global Investment Bank for onward financing of eligible private sector projects in Türkiye

Negotiations between the Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-ps.org) and Golden Global Investment Bank have successfully concluded with the signing of a letter of intent, for the proposed extension of a USD 20 million line of finance facility, during the IsDB Group's 2024 Private Sector…

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), 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.…