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) |

Signing of commitment letter and memoranda of understanding with Tunisian companies with the aim to develop the private sector

Business in Tunisia is at the heart of ICD’s strategy to help the Tunisian private sector in the most effective ways

The Islamic Corporation for the Development of the Private sector (ICD) (www.ICD-PS.org) signed a commitment letter with Caisse des Dépôts et Consignations (CDC), Tunisia, as well as seven memoranda of understanding, namely with CDC, Wifak Bank, Zitouna Tamkeen, Intilaq Fund, BFPME and UGFS. The signing ceremony was held at the Four…

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

Signing of the Line of Financing agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Sub Saharan African Banks

ICD is now focusing on increasing access to funding to the private sector by channeling the funds to established financial institutions in its member countries

The Islamic Corporation for the Development of the Private sector (ICD) (www.ICD-PS.org)  and Afriland First Group, Banque Islamique du Senegal, EBID, BSIC Mali and Coris Bank Mali signed a Line of financing agreements for a Euro 45 million, Euro 50 Million, Euro 25 Million, Euro 9 Million and Euro 6…

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) highlighted the role of small-and-medium-sized enterprises (SMEs) as engine of growth and sustainable development during the 43rd Annual Meeting of Islamic Development Bank Group

ICD also informed developmental partners on practices and tools to be used for designing SME resilience support programs

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org) held interactive sessions during the IsDB group (www.IsDB-pilot.org) private sector forum alongside with IsDB Group 43rd Annual Meeting in the Four Seasons Hotel. The event entitled “The SMEs: engine of growth and sustainable development”, raised awareness with regard…

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

Signing of the Line of Financing agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Nigerian Banks

ICD is now focusing on increasing access to funding to the private sector by channeling the funds to established financial institutions in its member countries

The Islamic Corporation for the Development of the Private sector (ICD) (www.ICD-PS.org) and Jaiz Bank (www.JaizBankPLC.com), SunTrust Bank (www.SunTrustNG.com) and Wema Bank (www.WemaBank.com) signed a Line of financing agreements for a USD 20 million, USD 10 Million and USD 20 Million respectively. The USD 50 million Line of financing facility…

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

Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

This exclusive, invitation-only event is designed specifically for the benefit of local and international market players to explore development opportunities in Islamic finance in Africa

Following the huge success of its first and second editions in 2016 which attracted over 420 delegates, the 3rd Africa Islamic Finance Forum (www.Africa-IF.com) will return 27-28 March, located at the Federal Palace Hotel, Lagos Nigeria hosted by the Ministry of Finance Nigeria in collaboration with the Islamic Corporation for…

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), International Association of Islamic Business (IAIB), Sberbank and IsDB Group Business Forum (THIQAH) organized the 1st Russian Islamic Economy Forum in Moscow – Russia (27th February 2018)

The Forum aimed to provide a long-term platform to facilitate business partnerships and develop joint investments, collaboration and trade facilitation

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), the private sector arm of IsDB Group (www.IsDB-pilot.org), the International Association of Islamic Business (IAIB) and Sberbank of Russia, in close cooperation with the IsDB Group Business Forum (THIQAH) (www.IDBGBF.org) and KPMG have organized the 1st Russian Islamic…

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

SBERBANK of Russia signs Memorandum of Understanding with Islamic Corporation for the Development of the Private Sector (ICD) to develop and offer Islamic finance products to its clients

ICD, strong with its experience in Islamic finance, will help share its knowledge to develop the corporate, retail and private banking

SBERBANK of Russia (SBR) (www.SBERBANK.ru/en) Moscow today signed a Memorandum of Understanding (MOU) with 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 (www.IsDB-pilot.org), to help SBR’s clients access Islamic finance products.   SBR provides its services…

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

The Islamic Corporation for the Development of the Private Sector (ICD) Board of Directors names Al Ammari as Acting CEO & General Manager following departure of Al Aboodi

Mr. Al Ammari is assuming the position at the helm of ICD on an interim basis until the designation of a new CEO and General Manager

The Board of Directors of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org) named Mr. Mohammed Al Ammari as Acting CEO & General Manager, succeeding Mr. Khaled Al Aboodi, who has recently been appointed to lead the government-owned Saudi Agricultural and Livestock Investment Company (SALIC).  …

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”.…