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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) |

Signing of the USD 10 Million Line of Financing Agreement and an Advisory Agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Asia Alliance Bank (AAB), Uzbekistan

The USD 10 Million Shari’ah - compliant Line of Financing facility based on Wakala structure will be utilized by AAB to provide financial support to the private sector in Uzbekistan

The Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-PS.org/), the private sector arm of the Islamic Development Bank Group (IsDBG), signed with Asia Alliance Bank (AAB) a USD 10 Million Line of Financing Agreement to support small and medium enterprises (SMEs) in Uzbekistan and an Advisory Agreement…

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

Islamic Finance Development Indicator (IFDI) 2019 witnesses shifting dynamics in Islamic finance

Developed markets continue to revise Islamic finance regulations and frameworks

Islamic finance assets grow 3 percent in 2018 to US$ 2.5 trillion; the Sukuk asset class continues strong growth, rising 10 percent in 2018 to US$ 470 billion; developed markets continue to revise Islamic finance regulations and frameworks; Islamic FinTech gained pace with the issuance of blockchain-based micro-Sukuk and a…