China and the OIC explore potential cross-border opportunities

22 March 2017

Beijing, CHINA [22 March 2017] – The Islamic Corporation for the Development of the Private Sector (ICD) returned to Beijing for the second time with its highly successful China OIC Forum. Organized by REDmoney events, the event gathered 200 regulators, policymakers, senior market players f

China and the OIC explore potential cross-border opportunities

ICD and TUV SUD consider entering into a strategic partnership and collaborate in developing the private sector in the countries of Central Asia

14 March 2017

Astana, Kazakhstan – 14 March 2017

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group and TUV SUD signed a memorandum of understanding (MoU) to foster their joint operations, and

ICD and TUV SUD consider entering into a strategic partnership and collaborate in developing the private sector in the countries of Central Asia

The Islamic Corporation for the Development of the Private Sector (ICD) signs a MoU with SOHIBCORBANK OJSC

14 March 2017

Astana Kazakhstan – 14 March 2017

Islamic Corporation for the Development of the Private Sector (ICD) CEO Khaled Al Aboodi and SOHIBCORBANK OJSC acting chairman  Zardov Sherali Dovlatalievich signed a memorandum of understanding (MoU) on the sidelines of the

The Islamic Corporation for the Development of the Private Sector (ICD) signs a MoU with SOHIBCORBANK OJSC

The Islamic Corporation for the Development of the Private Sector (ICD) signs a MoU with the Association of Financiers of Kazakhstan (AFK)

14 March 2017

Kazakhstan – 14 March 2017

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group, in partnership with the Association of Financiers of Kazakhstan (AFK), have signed a memorandum of u

The Islamic Corporation for the Development of the Private Sector (ICD) signs a MoU with the Association of Financiers of Kazakhstan (AFK)

JORDAN’S GROUNDBREAKING SOVEREIGN SUKUK BAGS GLOBAL AWARD

04 March 2017

The global Islamic financial community has recognized the innovative and development impact made by the Hashemite Kingdom of Jordan’s inaugural local currency Sukuk. At a lavish ceremony on February 28 2017 in Dubai, Jordan emerged as the winner of IFN “Sovereign Deal of the Year

JORDAN’S GROUNDBREAKING SOVEREIGN SUKUK BAGS GLOBAL AWARD

ICD and International Association of Islamic Business (IAIB) sign a MoU to cooperate in the development of private sector

16 February 2017

Moscow – 16 February 2017 - the Islamic Corporation for the Development of the Private Sector (ICD), the private arm of Islamic Development Bank Group (IDBG), and International Association of Islamic Business (IAIB), signed a Memorandum of Understanding (MoU) to explore possible avenues for

ICD and International Association of Islamic Business (IAIB) sign a MoU to cooperate in the development of private sector

ICD and Perbadanan TAIB sign MOU and Advisory Agreement on Islamic Banking Subsidiary

14 December 2016

Bandar Seri Begawan, Wednesday, 14 December 2016 – The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IDB) Group, and Perbadanan Tabung Amanah Islam Brunei (Perbadanan TAIB) signed a Memorandum of

ICD and Perbadanan TAIB sign MOU and Advisory Agreement on Islamic Banking Subsidiary

ICD and the Eastern and Southern African Trade and Development Bank (PTA Bank) sign a MoU to facilitate financing and investment project

12 December 2016

Jeddah, Saudi Arabia – 12 December 2016

A Memorandum of Understanding (MoU) was signed between, the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group, and Eastern and Southern Africa

ICD and the Eastern and Southern African Trade and Development Bank (PTA Bank) sign a MoU to facilitate financing and investment project

Port of Baku and ICD emerging efforts to bring more investors to Alat Free Trade Zone

08 December 2016

Baku, Azerbaijan (8 December 2016) - “Baku International Sea Trade Port” CJSC (Port of Baku) signed a Memorandum of Understanding (MoU) with the Islamic Corporation for the Development of the Private Sector (ICD).

The MoU was signed by the Director-General of the Port of Bak

Port of Baku and ICD emerging efforts to bring more investors to Alat Free Trade Zone

IFDI 2016 highlights resilient growth in the Islamic finance industry

06 December 2016

IFDI 2016 highlights resilient growth in the Islamic finance industry

  • Islamic finance assets grew 7% hitting US$ 2 trillion at the end of 2015
  • 2015’s drop in oil prices took a toll on the performance of financial institutions
  • 622 inst

IFDI 2016 highlights resilient growth in the Islamic finance industry

ICD and Islamic organization for food security (IOFS) consider entering a strategic partnership in exploring possible avenues for collaboration related to food security in the OIC member states.

24 October 2016

Riyadh, Saudi Arabia – 24 October 2016

A Memorandum of Understanding (MoU) was signed between, the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group, and the Islamic organization for

ICD and Islamic organization for food security (IOFS) consider entering a strategic partnership in exploring possible avenues for collaboration related to food security in the OIC member states.

ICD and Astana International Financial Centre (AIFC) sign a MoU to cooperate in the development of the private sector

23 October 2016

Jeddah - 23 October 2016 - the Islamic Corporation for the Development of the Private Sector (ICD), the private arm of Islamic Development Bank Group (IDBG), and Astana International Financial Centre (AIFC), signed a Memorandum of Understanding (MoU) to exploring possible avenues for collaboratio

ICD and Astana International Financial Centre (AIFC) sign a MoU to cooperate in the development of the private sector

Jordan, in cooperation with ICD, JICA, closes local currency Sukuk

18 October 2016

JEDDAH — Jordan closed its inaugural local currency Sukuk on Monday and the debut sovereign issuance was more than three-times oversubscribed. The amortized Ijarah-based Sukuk has a tenor of five years and expected profit rate of 3.01%.

The landmark sovereign issuance marks a majo

Jordan, in cooperation with ICD, JICA, closes local currency Sukuk

ICD and DCP initiate the development of a Shariah compliant investment fund dedicated to supporting SMEs and mid-tier companies in Kazakhstan

12 October 2016

Dragon Capital Partners (DCP) mandated ICD SME Platform as a strategic advisor in the design, development, launch and closing of a joint investment fund targeting to raise USD 100 mn for Kazakhstan SMEs

The purpose of the fund will be to co-invest with foreign investors

ICD and DCP initiate the development of a Shariah compliant investment fund dedicated to supporting SMEs and mid-tier companies in Kazakhstan

ICD and Affin Islamic Bank announces plans to strengthen its strategic collaboration within the Asian region

06 October 2016

Jeddah, Saudi Arabia – 6 October 2016

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group, in partnership with Affin Islamic Bank Berhad, a  wholly-owned subsidiary of Affin Bank Berhad, have

ICD and Affin Islamic Bank announces plans to strengthen its strategic collaboration within the Asian region

ICD Signs MoU with AlHuda CIBE for the Development of Islamic Microfinance Industry

03 October 2016

3rd October 2016 – The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank Group (IDBG), signed a Memorandum of Understanding (MoU) with AlHuda Center of Islamic Banking and Economics (CIBE), to implement &

ICD Signs MoU with AlHuda CIBE for the Development of  Islamic Microfinance Industry

The Ideal Environment to Facilitate Private Sector Investment

01 September 2016

The Islamic Corporation for the Development of the Private Sector (ICD) is the private sector arm of the Islamic Development Bank (IDB), the world’s largest Sharia’a compliant multilateral institution.

In total, ICD focusses on supporting our 57-member countries de

The Ideal Environment to Facilitate Private Sector Investment

aktif bank starts to operate in Islamic leasing in turkey together with ICD and IMC

01 September 2016

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), Aktif Yatırım Bankası A.Ş. (Aktif Bank), the largest privately-owned Investment Bank in Turkey and Ijara Management Company (IMC), a specialized company off

aktif bank starts to operate in Islamic leasing in turkey together with ICD and IMC

ITFC and ICD Announce Strategic Partnership for Capacity Building and Institutional Support of Nouadhibou Free Zone in Mauritania

15 August 2016

Jeddah, Saudi Arabia – The International Islamic Trade Finance Corporation (ITFC), and the Islamic Corporation for the Development of the Private Sector, members of the Islamic Development Bank (IDB) Group signed a Cooperation Framework Agreement on Monday 15 August 2016, in the Headquarter

ITFC and ICD Announce Strategic Partnership for Capacity Building and Institutional Support of Nouadhibou Free Zone in Mauritania

Cambridge IF Analytica Partners with ICD

15 June 2016

June 15, 2016 (Cambridge, UK). Cambridge IF Analytica, a UK-based financial intelligence house, welcomes the Islamic Corporation for the Development of the Private Sector (ICD), a member of Islamic Development Bank Group, as its Multilateral Strategic Partner for its Cambridge Islamic Finance Lea

Cambridge IF Analytica Partners with ICD

London Stock Exchange today welcomes ICD

03 June 2016

London Stock Exchange today welcomes ICD, a member of the Islamic Development Bank Group, to open trading on London’s markets and mark the listing of its MTN Programme and inaugural $300 million five year Sukuk on London Stock Exchange.

ICD will use the proceeds of the Sukuk to su

London Stock Exchange today welcomes ICD

The Islamic Corporation for the Development of the Private Sector (ICD) signs MoU to assist PT Mandala Multifinance TBK in the establishment of a stand-alone Sharia’a compliant finance company

19 May 2016

Jakarta, Indonesia – 19 May 2016

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group, in partnership with PT Mandala Multi

The Islamic Corporation for the Development of the Private Sector (ICD) signs MoU to assist PT Mandala Multifinance TBK in the establishment of a stand-alone Sharia’a compliant finance company

The Islamic Corporation for the Development of the Private Sector (ICD) and the Black Sea Trade and Development Bank (BSTDB) Ink an Agreement to Boost Regional Trade and Investments

19 May 2016

Jakarta, Indonesia – 19 May 2016

At the side lines of the Islamic Development Bank (IDB) Group 41st Annual Meeting in Jakarta, a memorandum of understanding (MoU) was signed between the Islamic Corporation

The Islamic Corporation for the Development of the Private Sector (ICD) and the Black Sea Trade and Development Bank (BSTDB) Ink an Agreement to Boost Regional Trade and Investments

The IDB Group Private Sector Forum Fosters Economic Development of Member Countries

17 May 2016

A forum to connect business leaders, investors, entrepreneurs and SMEs in Indonesia to discuss on business issues and development goals while showcasing IDB Group roles in member countries

Jakarta, 17 May 2016 &n

The IDB Group Private Sector Forum Fosters Economic Development of Member Countries

ICD and OJK Support in Transforming the Islamic Finance Industry in Indonesia

16 May 2016

Highlighting their role to increase understanding of the Islamic economy and the conversion of non-bank financial institutions in Indonesia into full-fledged Islamic institutions

Jakarta, 16 May 2016 – A seminar was held today at the Su

ICD and OJK Support in Transforming the Islamic Finance Industry in Indonesia

The Islamic Corporation for the Development of the Private named as the Ai Private Sector Co-Developer of the Year

09 May 2016

Johannesburg, South Africa; 9 May 2016: Africa investor (Ai), a leading international investment and communications group, today announced the winners of the second annual

Africa investor (Ai) Infrastructure Proj

The Islamic Corporation for the Development of the Private named as the Ai Private Sector Co-Developer of the Year

ICD successfully completes its debut in the public debt capital markets with a US$300m 5-year Sukuk transaction

28 April 2016

Jeddah, Saudi Arabia, 28 April 2016

Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group, priced on 6th April, 2016 its debut Sukuk transaction, raising US$300 million. The 5-year Sukuk, a financial certificate

ICD successfully completes its debut in the public debt capital markets with a US$300m 5-year Sukuk transaction

Dubai Sukuk listings reach USD 42.61 billion as Emirate underlines leadership in sector Islamic Corporation for the Development of the Private Sector rings market bell to celebrate listing of USD 300 million Sukuk on Nasdaq Dubai

25 April 2016
  • Capital raised supports private sector growth in member countries
  • Listing adds new impetus to Dubai’s growth as global centre of the Islamic Economy

Dubai, April 25, 2016 –

Dubai Sukuk listings reach USD 42.61 billion as Emirate underlines leadership in sector Islamic Corporation for the Development of the Private Sector rings market bell to celebrate listing of USD 300 million Sukuk on Nasdaq Dubai

The Islamic Corporation for the Development of the Private Sector (ICD) signs MoU with Export-Import Bank of India to increase bilateral co-operation and explore the feasibility of extending a commercial line of credit

04 April 2016

Jeddah, Saudi Arabia – 4 April 2016

A Memorandum of Understanding (MoU) was signed between the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Developm

The Islamic Corporation for the Development of the Private Sector (ICD) signs MoU with Export-Import Bank of India to increase bilateral co-operation and explore the feasibility of extending a commercial line of credit

ICD and Saturna Sdn Bhd Partner on Sustainable Islamic Investing

30 March 2016

Kuala Lumpur, Malaysia—March 30, 2016 – Islamic Corporation for the Development of the Private Sector (ICD) and Saturna Sdn. Bhd. (Saturna), a wholly-owned subsidiary of US-based Saturna Capital Corporation, plan to sign an agreement to cooperate in offering sustainable Islamic invest

ICD and Saturna Sdn Bhd Partner on Sustainable Islamic Investing

Islamic Corporation for the Development of the Private Sector (ICD) goes into strategic alliance with Al-Arafah Islami Bank Limited (AIBL), Bangladesh

29 March 2016

Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group, announced on 29 March 2016 its strategic investment partnership with Al-Arafah Islami Bank Limited (AIBL), the leading Islamic bank

Islamic Corporation for the Development of the Private Sector (ICD) goes into strategic alliance with Al-Arafah Islami Bank Limited (AIBL), Bangladesh

The Islamic Corporation for the Development of the Private Sector (ICD) signs MoU with CNBM International Engineering Co. to launch a global public-private-partnership (PPP) scheme for social infrastructure projects in ICD member countries

22 March 2016

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group and CNBM International Engineering Co. (CNBM-IE) have signed a memorandum of understanding (MoU) to conceptualize, develop and

The Islamic Corporation for the Development of the Private Sector (ICD) signs MoU with CNBM International Engineering Co. to launch a global public-private-partnership (PPP) scheme for social infrastructure projects in ICD member countries

The Islamic Corporation for the Development of the Private Sector (ICD) signs MoU with China-Africa Development Fund to boost investment and growth in selected African countries

22 March 2016

At the side lines of the landmark China-OIC Forum 2016 in Beijing, a memorandum of understanding (MoU) was signed between the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group and C

The Islamic Corporation for the Development of the Private Sector (ICD) signs MoU with China-Africa Development Fund to boost investment and growth in selected African countries

ICD and IDB host the 9th Sherpa meeting in IDB Regional Office

29 February 2016

The Islamic Corporation for the Development of the Private Sector (ICD) is organizing on February 29 and March 1, 2016 the ninth meeting of The International Development Finance Club (IDFC) “the Club Sherpas” in the regional office of Islamic Development Bank Group (IDB) in Rabat, Mor

ICD and IDB host the 9th Sherpa meeting in IDB Regional Office

Qatar Development Bank (QDB) signs MoU with Islamic Corporation for the Development of the Private Sector (ICD) to bolster development and growth of SMEs in Qatar.

19 January 2016

Doha, 19 Jan 2016 – Qatar Development Bank (QDB) has signed a Memorandum of Understanding (MoU) with The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group. The new agreement is a joint strategic collaboration

Qatar Development Bank (QDB) signs MoU with Islamic Corporation for the Development of the Private Sector (ICD) to bolster development and growth of SMEs in Qatar.

The BCEAO and ICD sign a Memorandum of Understanding on cooperation in favor of SME / SMI in member countries of the WAEMU

18 January 2016

Mr. Tiémoko Meyliet KONE, Governor of the Central Bank of West African States (BCEAO) and Mr. Khaled Al-Aboodi, CEO & General Manager of the Islamic Corporation for the Development private sector (ICD), signed a Memorandum of Understanding on Cooperation.

This MoU provides a

The BCEAO and ICD sign a Memorandum of Understanding on cooperation in favor of SME / SMI in member countries of the WAEMU

ICD supports Ivory Coast to successfully Issue the West African largest Sovereign Sukuk

14 January 2016

On 21th December 2015 the Republic of Côte d’Ivoire, acting through the Ministry of Economy and Finance, closed an inaugural local currency, CFA 150 Billion (USD 244 million) Sukuk al-Ijara (“Sukuk”). The Islamic Corporation for the Development of the Private Sector (&ldqu

ICD supports Ivory Coast to successfully Issue the West African largest Sovereign Sukuk

Signing of Memorandum of Understanding between the Islamic Corporation for the Development of the Private Sector (ICD) and OJSC Agroinvestbank of the Republic of Tajikistan

03 January 2016

Jeddah, 03 January 2016. The Islamic Corporation for the Development of the Private sector (ICD) and OJSC Agroinvestbank of the Republic of Tajikistan signed a Memorandum of Understanding for cooperation to consider extension of a Line of Financing facility to OJSC Agroinvestbank as part of the c

Signing of Memorandum of Understanding between the Islamic Corporation for the Development of the Private Sector (ICD) and OJSC Agroinvestbank of the Republic of Tajikistan

The Islamic Corporation for the Development of the Private Sector (ICD) and International Islamic Liquidity Management Corporation (IILM) intend to strengthen the cooperation to serve the development of the Islamic finance industry

07 December 2015

Istanbul, the Republic of Turkey 7 December 2015 – The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group, signed a Memorandum of Understanding (MoU) with the International Islam

The Islamic Corporation for the Development of the Private Sector (ICD) and International Islamic Liquidity Management Corporation (IILM) intend to strengthen the cooperation to serve the development of the Islamic finance industry

Trust Bank and ICD signs agreement to assist in conversion to Shari’ah compliant operations.

04 December 2015

Paramaribo, Suriname, December 4, 2015: Trust Bank (TB) has signed an advisory services agreement with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (“IDB”), in or

Trust Bank and ICD signs agreement to assist in conversion to Shari’ah compliant operations.

Thomson Reuters and ICD launch the Islamic Finance Development Indicator

02 December 2015

Malaysia, Bahrain and UAE leads Islamic Finance in terms of development

Islamic Finance Assets grew by 9.4 percent to $1.814 trillion in 2014
378 institutions are providing Islamic finance education globally
953 Shariah scholars are

Thomson Reuters and ICD launch the Islamic Finance Development Indicator

Islamic Corporation for the Development of the Private Sector (ICD) bags the “The Most Outstanding Institution for Contribution to Islamic Finance” award in Kuala Lumpur

01 December 2015

Kuala Lumpur, MALAYSIA, 1 December 2015– The Islamic Corporation for the Development of the Private Sector (ICD) was presented the prestigious “The Most Outstanding Institution for Contribution to Islamic Finance” award at the Kuala Lumpur Islamic Finance Forum (KLIFF) Awards Ce

Islamic Corporation for the Development of the Private Sector (ICD) bags the “The Most Outstanding Institution for Contribution to Islamic Finance” award in Kuala Lumpur

King Abdullah University of Science and Technology and the Islamic Corporation for the Development of the Private Sector support the venture capital industry in the Kingdom of Saudi Arabia.

11 November 2015

SAUDI ARABIA, Jeddah: The King Abdullah University of Science and Technology (KAUST) and the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), in collaboration with Anfaal Capital agreed to establish a Saudi Ar

King Abdullah University of Science and Technology and the Islamic Corporation for the Development of the Private Sector support the venture capital industry in the Kingdom of Saudi Arabia.

CEO of Islamic Corporation for the Development of the Private Sector (ICD) bags the “Islamic Finance Personality of the Year” award in Manama

28 September 2015

CEO of Islamic Corporation for the Development of the Private Sector (ICD) bags the “Islamic Finance Personality of the Year” award in Manama

New report from ICD unveils encouraging Islamic finance prospects in Africa

17 September 2015

New report from ICD unveils encouraging Islamic finance prospects in Africa

The Regional Council for Public Savings and Financial Markets (CREPMF) and the Islamic Corporation for the Development of the private sector (ICD) signs an agreement for the promotion of Islamic finance in WAEMU’s financial markets

17 September 2015

The Regional Council for Public Savings and Financial Markets (CREPMF) and the Islamic Corporation for the Development of the private sector (ICD) signs an agreement for the promotion of Islamic finance in WAEMU’s financial markets

ICD Secured US$300 million Islamic Murabaha financing

21 June 2015

The Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of the Islamic Development Bank Group (“IDB”) secured a 13-month US$300 million Islamic Murabaha financing facility (the “Facility”) from Dubai Islamic Bank PJSC,

ICD Secured US$300 million Islamic Murabaha financing

ICD have signed an agreement with BCC to launch soon Islamic banking window in Chad

12 June 2015

In the signing session of the 40th IDB Group Annual Meeting, the Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of the Islamic Development Bank Group (“IDB”) and The Banque Commerciale du Chari (BCC) sign an agreement for the

ICD have signed an agreement with BCC to launch soon Islamic banking window in Chad

ICD and the Banco Nacional de Investimento (BNI) agree to cooperate in private sector development in Mozambique.

11 June 2015

In the signing session of the 40th IDB Group Annual Meeting, the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), sign agreement with the Banco Nacional de Investimento (BNI) to cooperate in the development of

ICD and the Banco Nacional de Investimento (BNI) agree to cooperate in private sector development in Mozambique.

Africa Islamic Finance Forum Abidjan 2015

10 June 2015

NOTE-TO-EDITOR

Date, 2015

The Islamic Corporation for the Development of the Private Sector (a member of, the Islamic Development Bank Group) and the Government of Cote d’Ivoire, will hold a landmark forum to be held in Abidjan on the 17

Africa Islamic Finance Forum Abidjan 2015

ICD celebrates its 15th anniversary in Mozambique

08 June 2015

In conjunction with the 40th IDB Annual Meeting in Mozambique, ICD organized a cocktail/reception for IDB Governors, executive directors, Mozambican officials and private sector representatives to celebrate its 15 years anniversary in developing the private sector in its member countries.

ICD celebrates its 15th anniversary in Mozambique

Islamic Corporation for the Development of the Private Sector (“ICD”) signs MoU with China International Contractors Association (CHINCA)

05 June 2015

MACAU, CHINA, 5 June 2015 – The Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of the Islamic Development Bank (IDB) Group, signed a memorandum of understanding (“MoU”) with China International Contractors Association (&

Islamic Corporation for the Development of the Private Sector (“ICD”) signs MoU with China International Contractors Association (CHINCA)

Bonki Rushdi Tojikiston (BRT) signs agreement with the Islamic Corporation for the Development of the Private Sector (ICD) to assist in conversion to Shariah compliant operations

24 May 2015

Kazakhstan-Almaty: Bonki Rushdi Tojikiston (BRT) has signed an advisory services agreement with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (“IDB”), in order to process and support its conversion

Bonki Rushdi Tojikiston (BRT) signs agreement with the Islamic Corporation for the Development of the Private Sector (ICD) to assist in conversion to Shariah compliant operations

Islamic Corporation for the Development of the Private Sector (ICD) and ICBC Financial Leasing Co .Ltd. signs Collaborative Agreement in Beijing

14 May 2015

Beijing, CHINA: The leasing arm of largest bank in the world signed a landmark collaboration agreement with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB). The agreement marks the first time that the ICBC

Islamic Corporation for the Development of the Private Sector (ICD) and ICBC Financial Leasing Co .Ltd. signs Collaborative Agreement in Beijing

The Government of the Republic of Côte d’Ivoire and the Islamic Corporation for the Development (ICD) signed an agreement to setup Sukuk Program.

26 April 2015

Washington, 18 April 2015: H.E. The Minister to the Prime Minister in charge of Economy and Finance of the Republic of Côte d’Ivoire, Madame Nialé KABA and the CEO of the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic

The Government of the Republic of Côte d’Ivoire and the Islamic Corporation for the Development (ICD) signed an agreement to setup Sukuk Program.

Jordan Awards ICD Sukuk Mandate

16 April 2015

16 April 2015: The Ministry of Finance of the Hashemite Kingdom of Jordan signed an advisory agreement with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of IDB Group. The Ministry has mandated ICD as a Transactio

Jordan Awards ICD Sukuk Mandate

The signing of a Technical Assistance Agreement between ICD and the Free Zone Authority of Nouadhibou to Support the Fishery Sector in Mauritania

08 April 2015

JEDDAH, SAUDI ARABIA (March, 30 2015)—The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group, signed today with the Free Zone Authority of Nouadhibou a technical assistance agreement to support the expansion of t

The signing of a Technical Assistance Agreement between ICD and the Free Zone Authority of Nouadhibou to Support the Fishery Sector in Mauritania

ICD and AIB Sign Shareholders Agreement to Collaborate in the Leasing Business in Egypt Monday, 30 March 2015

14 March 2015

Sharm El Sheikh, 14 March 2015

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), and the Arab Investment Bank (AIB) signed a Shareholders Agreement to esta

ICD and AIB Sign Shareholders Agreement to Collaborate in the Leasing Business in Egypt Monday, 30 March 2015

ICD and Wifack leasing company sign two agreements for the company conversion into an Islamic bank and participation in its capital.

09 March 2015

Manama, 2 March 2015: The Tunisian leasing firm El Wifack has signed an advisory services contract and a term sheet with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (“

ICD and Wifack leasing company sign two agreements for the company conversion into an Islamic bank and participation in its capital.

Islamic Corporation for the Development (ICD) and African Export-Import Bank (Afreximbank) agree to cooperate in private sector development

05 March 2015


Manama, 2 March 2015: The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), has signed an agreement with the African Export-Import Bank (Afreximbank) to cooperate in th

Islamic Corporation for the Development (ICD) and African Export-Import Bank (Afreximbank) agree to cooperate in private sector development

The Islamic Corporation (ICD) and Infrastructure Leasing & Financial Services Limited (IL&FS) sign a cooperation agreement

03 March 2015


Manama, 1 March 2015: The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), and the Infrastructure Leasing & Financial Services Limited (IL&FS) signed a Coopera

The Islamic Corporation (ICD) and Infrastructure Leasing & Financial Services Limited (IL&FS) sign a cooperation agreement

ICD and the Government of Niger signed an agreement to setup Sukuk Program during 2015-2020.

26 February 2015

SAUDI ARABIA, 23 Feb 2015: The Senior Minister, Minister of Economic Planning, Land Management and Community Development, H.E Dr. Amadou Boubacar CISSE and the CEO and General Manager of the Islamic Corporation for the Development of the Private Sector (ICD), the

ICD and the Government of Niger signed an agreement to setup Sukuk Program during 2015-2020.

The IMF and the ICD organize a macroeconomic workshop for the private sector and NGOs in the Kingdom of Saudi Arabia.

10 February 2015

Jeddah, 09 Rabi 1436 AH (January 29, 2015): The International Monetary Fund (IMF) in partnership with the private sector for Islamic Corporation For the development of the private sector (ICD) organized a macroeconomic workshop for the private sector and non-gove

The IMF and the ICD organize a macroeconomic workshop for the private sector and NGOs in the Kingdom of Saudi Arabia.

Rewarding the Working Team - ICD Senegal Sukuk Project

28 December 2014

Jeddah, 24 Dec 2014 - Following the accomplishment of the Senegal Sukuk project, ICD rewarded the working team in recognition of their valuable contribution to the success of this transaction.
 

 

Rewarding the Working Team - ICD Senegal Sukuk Project

ICD wins ‘Best Development Bank’ at the Islamic Business & Finance Awards 2014 held by CPI Financial

15 December 2014

Dubai, 10 December 2014: The Islamic Corporation for the Development of the Private Sector (ICD), has been named ‘Best Development Bank’ at the prestigious Islamic Business & Finance Awards 2014 run by leading global financial publisher and news provider CPI Financial. The first i

ICD wins ‘Best Development Bank’ at the Islamic Business & Finance Awards 2014 held by CPI Financial

ICD organized the Final Round of the IsDB Group’s 1st Business Plan Competition on December 4th 2014 in Casablanca.

14 December 2014

The 1st Business Plan Competition of the IsDB Group for Sub-Saharan African entrepreneurs was concluded on December 4th 2014 in Casablanca.

The competition was launched in January, 2014, and allowed entrepreneurs to present their business plan proposals for a new business (“i

ICD organized the Final Round of the IsDB Group’s 1st Business Plan Competition on December 4th 2014 in Casablanca.

AUC, ICD to promote sustainable economic, social development in Africa

10 December 2014

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), and the African Union Commission (AUC) has signed a memorandum of understanding (MoU) to develop a platform through which to enhance ties between the Islami

AUC, ICD to promote sustainable economic, social development in Africa

The Islamic Development Bank Group holds inaugural contest to honor the best business plans from sub-Saharan African entrepreneurs.

04 December 2014

On the 4th December 2014 in Casablanca the Islamic Development Bank Group hold the final stage of its business plan competition for entrepreneurs in sub-Saharan Africa; with multiple financial and non-financial prizes awarded to the winners of the first edition.

The first development pl

 The Islamic Development Bank Group holds inaugural contest to honor the best business plans from sub-Saharan African entrepreneurs.

The African Union Commission and ICD sign agreement

03 December 2014

Nairobi, 3 December 2014: The Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of the Islamic Development Bank Group (“IDB”), and the African Union Commission (AUC) today signed a Memorandum of Understanding (MoU) to develop a p

The African Union Commission and ICD sign agreement

ICD to raise $1.2 billion in Islamic financing

02 December 2014

The private sector arm of the Jeddah-based Islamic Development Bank plans to tap Islamic capital markets to raise as much as $1.2 billion in long-term funds during its current financial year, its chief executive told Reuters.

The Islamic Corporation for the Development of the Priva

ICD to raise $1.2 billion in Islamic financing

The Islamic Corporation for the Development (ICD) wins IAIR award for Best Private Sector Developer of Islamic Finance in the Middle East

30 November 2014

Dubai, 20 November 2014: The Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of the Islamic Development Bank Group (“IDB”), has been awarded the title of Best Private Sector Developer of Islamic Finance in the Middle East from

The Islamic Corporation for the Development (ICD) wins IAIR award for Best Private Sector Developer of Islamic Finance in the Middle East

Murabahah financing for US$10 million signed between Intan Baruprana Finance (IBF) and The Islamic Corporation for the Development (ICD)

23 November 2014

Jakarta, 10 November 2014: The Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of the Islamic Development Bank Group (“IDB”), and PT. Intan Baruprana Finance Tbk (“IBF”), a capital goods financing firm based in Indo

Murabahah financing for US$10 million signed between Intan Baruprana Finance (IBF) and The Islamic Corporation for the Development (ICD)

ICD organizes an Islamic Finance seminar dedicated to African Banks

12 November 2014

Casablanca, 22 Oct 2014
The Islamic Corporation for Private Sector Development)ICD), the private sector arm of the Islamic Development Bank (IDB), organized a training seminar dedicated to African banks on 21 – 22 October 22, 2014, in collaboration with Tamweel Africa. The two-day tr

ICD organizes an Islamic Finance seminar dedicated to African Banks

Signing of MoU between the Small Enterprise Assistance Funds (SEAF) and The Islamic Corporation for the Development of the Private Sector (ICD)

16 October 2014

~~Washington DC, Saturday, 11 October 2014: The Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of the Islamic Development Bank Group (“IDB”), and the Small Enterprise Assistance Funds (SEAF), a US-based international financial

Signing of MoU between the Small Enterprise Assistance Funds (SEAF) and The Islamic Corporation for the Development of the Private Sector (ICD)

ICD and JICA Sign Memorandum of Understanding on Islamic Finance

14 October 2014

~~The Islamic Corporation for the Development of the Private Sector (ICD) and Japan International Cooperation Agency (JICA) signed a Memorandum of Understanding (MoU) to set out a framework for collaboration in the development of Islamic Finance industry. In particular, ICD and JICA will cooperat

ICD and JICA Sign Memorandum of Understanding on Islamic Finance

IE Business School Creates Corporate MBA for the Islamic Corporation for the Development of the Private Sector (ICD)

22 September 2014

Madrid, Spain – September 19, 2014 – IE Business School and ICD signed a partnership agreement at the start of the program, which opens with the first of the two residential periods in Madrid next week. The agreement aims to create a Corporate MBA program specifically developed for th

IE Business School Creates Corporate MBA for the Islamic Corporation for the Development of the Private Sector (ICD)

Memorandum of Understanding between Perbadanan Tabung Amanah Islam Brunei and The Islamic Corporation for the Development of the Private Sector (ICD)

21 September 2014

~~Memorandum of Understanding between Perbadanan Tabung Amanah Islam Brunei and The Islamic Corporation for the Development of the Private Sector (ICD)
ICD, TAIB Sign MOU to Collaborate in Islamic Finance and the Leasing Business in Brunei Darussalam

Bandar Seri Begawan, Wednesda

Memorandum of Understanding between Perbadanan Tabung Amanah Islam Brunei and The Islamic Corporation for the Development of the Private Sector (ICD)

The Islamic Corporation for the Development (ICD) and partners win multiple awards at the CMO Asia Islamic Banking Excellence Awards 2014

15 September 2014

~~The Islamic Corporation for the Development of the Private Sector (ICD) and partners Ijarah Management Company (IMC) and Maldives Islamic Bank (MIB) together won three awards at the Asia Islamic Banking Excellence Awards, presented by CMO and held in Singapore on the 1st August 2014.

The Islamic Corporation for the Development (ICD) and partners win multiple awards at the CMO Asia Islamic Banking Excellence Awards 2014

Islamic finance development worldwide: Need to move from awareness to action: ICD Thomson Reuters Islamic Finance Development Indicator 2014

10 September 2014

Islamic finance development worldwide: Need to move from awareness to action
ICD Thomson Reuters Islamic Finance Development Indicator 2014

• 2013 Global Islamic Finance Assets = $1.658 trillion; Malaysia overall leader
• 2013 Global Islamic Banking Assets =

Islamic finance development worldwide: Need to move from awareness to action: ICD Thomson Reuters Islamic Finance Development Indicator 2014

Signature of a tripartite MOU for joint cooperation between ICD, Nouadhibou Free Zone Authority and Aqaba Special Economic Zone Authority.

18 August 2014

Aqaba, August 18, 2014
Aqaba Special Economic Zone Authority, Nouadhibou free zone Authority and the Islamic Corporation for Development of the Private Sector (ICD), member of the Islamic Development Bank group, signed a tripartite memorandum of understanding for joint cooperation to estab

Signature of a tripartite MOU for joint cooperation between ICD, Nouadhibou Free Zone Authority and Aqaba Special Economic Zone Authority.

JOINT PARTNERSHIP ANNOUNCED BETWEEN BAHRAIN EDB AND THE ICD TO SUPPORT SMEs IN THE FAST GROWING ISLAMIC FINANCE SECTOR

09 July 2014

The Bahrain Economic Development Board (EDB) and the Islamic Corporation for the Development of the Private Sector (ICD), the private-sector arm of the Islamic Development Bank (IDB), signed a Memorandum of Understanding (MOU) today to promote SME growth in Bahrain by providing support, Sharia co

JOINT PARTNERSHIP ANNOUNCED BETWEEN BAHRAIN EDB AND THE ICD TO SUPPORT SMEs IN THE FAST GROWING ISLAMIC FINANCE SECTOR

ICD wins International Finance Magazine Award for ‘Excellence in Development of the Islamic Private Sector – MENA 2014’

30 April 2014

The Islamic Corporation for the Development of the Private Sector (ICD) has been awarded the accolade of ‘Excellence in Development of the Islamic Private Sector – MENA 2014’ by International Finance Magazine (IFM) in its annual IFM Awards.

The award recognizes th

ICD wins International Finance Magazine Award for ‘Excellence in Development of the Islamic Private Sector – MENA 2014’

Signing of Financing Agreement between Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad and The Islamic Corporation (ICD)

11 April 2014

Kuala Lumpur, Monday, 8 September 2014: The Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of the Islamic Development Bank Group (“IDB”), and Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad (“BTMU Malaysia”) have to

Signing of Financing Agreement between Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad and The Islamic Corporation (ICD)

The Islamic Corporation for the Development of the Private Sector goes into a strategic alliance with Zaman Bank of Kazakhstan

30 May 2013

The Islamic Corporation for the Development of the Private Sector (ICD) announced on 22 May 2013 its footsteps in the Islamic banking sector of the Republic of Kazakhstan with a mandate of converting a regional and leading regional Bank into an Islamic bank with expected investment of up to 35% o

The Islamic Corporation for the Development of the Private Sector goes into a strategic alliance with Zaman Bank of Kazakhstan

ICD, Thomson Reuters to develop Islamic finance industry

29 May 2013

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the IDB Group on May 23, 2013 and Thomson Reuters, the world’s major provider of intelligent information for businesses and professionals, announced the joint development of the Islamic Financ

ICD, Thomson Reuters to develop Islamic finance industry

ICD extends $6 million line of finance facility to Orienbank

28 May 2013

Islamic Corporation for the Development of the Private sector (ICD) Chief Executive Officer Mr. Khaled Al-Aboodi, and Tajikistan’s Orienbank Deputy Chairman Mr. Rajabbek Sulaymonbekov signed a deal that saw ICD extending to the Tajik bank $6 million Line of Financing facility during the 38t

ICD extends $6 million line of finance facility to Orienbank

ICD hosts Dushanbe business forum

25 May 2013

In conjunction with the 38th IDB Annual Meeting, the Dushanbe Business Forum 2013 was organized on May 18, 2013 by the Islamic Corporation for the Development of the Private Sector (ICD), in collaboration with the Islamic Development Bank Group Business Forum (THIQAH) and in association with Taji

ICD hosts Dushanbe business forum

$ 372 m sugar production facility wins ICD support

04 May 2013

CAIRO, Egypt: A total of $ 372 million is being invested into building a mega sugar production facility. It is expected to produce and refine more than 500,000 metric tons of sugar annually.
The Al-Nouran Sugar project in Egypt involves the construction of a new sugar production facility f

$ 372 m sugar production facility wins ICD support

ICD signs deals to finance SMEs, energy projects in Indonesia

17 March 2013

During the visit of IDB Group Chairman Dr. Ahmad Mohamed Ali to Indonesia recently, the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the IDB Group, signed two financing agreements with the country’s private sector to support the Small and Me

ICD signs deals to finance SMEs, energy projects in Indonesia

Signature of three agreements between the Islamic Corporation (ICD) and Small and Medium Enterprises Financing Bank (BFPME)

16 January 2013

Under the aegis of Mr. Riadh BETTAIEB, Minister of Investment and International Cooperation, and within the framework of cooperation between ICD and BFPME, three agreements were signed to promote BFPME business, acquire additional skills in providing assistance to developers and finance the vario

Signature of three agreements between the Islamic Corporation (ICD) and Small and Medium Enterprises Financing Bank (BFPME)

ICD honored for excellence

24 December 2012

The achievements, innovations, and excellence in the international Islamic banking and finance industry were recognized at the 19th Annual World Islamic Banking Conference (WIBC 2012) held at the Gulf Convention Centre in Bahrain on December 10, 2012. The annual WIBC Awards, which are among the o

ICD honored for excellence

Afriland First Bank and the Islamic Corporation (ICD) have signed an agreement to launch shortly Islamic banking products in Cameroon

22 December 2012

Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB) and Afriland First Bank signed on December 20, 2012, an agreement for the establishment of an "Islamic window" in the latter. Afriland First Bank was r

Afriland First Bank and the Islamic Corporation (ICD) have signed an agreement to launch shortly Islamic banking products in Cameroon

ICD, AGF sign MoU to spur development of SMEs in Sub-Saharan Africa

16 December 2012

Islamic Corporation for the Development of Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), and the African Guarantee Fund (AGF) signed a Memorandum of Understanding (MoU) to collaborate in the development of the SME sector in ICD’s member countries

ICD, AGF sign MoU to spur development of SMEs in Sub-Saharan Africa

ICD , Tunisia’s CDC enter into agreement to launch Theemar Investment Fund

02 December 2012

The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank Group, entered into an agreement on November 23, 2012 with Tunisia’s deposits and consignment fund Caisse des Dépôts et Consignations, CDC, a Tunisian public instit

ICD , Tunisia’s CDC enter into agreement to launch Theemar Investment Fund

ICD to open two new Islamic banks in Africa

11 November 2012

Mr. Khaled Mohammed Al-Aboodi, Chief Executive Officer & General Manager of the Islamic Corporation for the Development of the Private Sector, a private sector arm of the Islamic Development Bank Group, revealed on November 7, 2012 that it will open two new Islamic banks in Mali and Benin in

ICD to open two new Islamic banks in Africa

ICD launches Central Asia Renewable Energy Fund

10 October 2012

The launch of a $50 million Central Asia Renewable Energy Fund was announced in Astana, Kazakhstan on Tuesday by Mr. Khaled Al-Aboodi, CEO of the Islamic Corporation for the Development of the Private Sector (ICD). The fund reaffirms the commitment of ICD to Caucasus and Central Asia Regions in k

ICD launches Central Asia Renewable Energy Fund

ICD Set Up the first Ijara Company in Kazakhstan

09 October 2012

The ICD, a private sector arm of the Islamic Development Bank Group, together with a diverse group of international and local investors have agreed to establish on October 1, 2012 an Ijara Company (Islamic leasing) in Kazakhstan to support the development of Kazakh’s small and medium enterp

ICD Set Up the first Ijara Company in Kazakhstan

IDB sets up business forum in Indonesia

23 September 2012

The Jeddah-based Islamic Development Bank (IDB) Group set up its office of business forum (Thiqah) at the Investment Coordinating Board (BKPM) in Jakarta on September 17, 2012. With its first office outside of Saudi Arabia, IDB is hoping to further mobilize its resources and promote Indonesia as

IDB sets up business forum in Indonesia

ICD members reach the ‘Roof of Africa’

31 July 2012

Having braved fatigue, sleep deprivation, altitude mountain sickness due to lack of oxygen and sub zero temperatures, a six-member team from the Islamic Corporation for the Development of the Private Sector (ICD), a group of the Islamic Development Bank, successfully reached the summit of Mount K

ICD members reach the ‘Roof of Africa’

ICD, CDC to Provide Seed Capital Fund for Tunisian SMEs

23 July 2012

The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank Group, and Caisse Des Depots Et Consignations (CDC) with support from KIPCO group and Albaraka Bank, announced on June 29, 2012 their partnership to structure and launch the largest C

ICD, CDC to Provide Seed Capital Fund for Tunisian SMEs

ICD-Aktif Bank deal to spur trade

03 June 2012

ICD's CEO Khaled Mohammed Al-Aboodi, left, and Aktif Bank's CEO Onder Halisdemir sign the deal in Turkey.

Islamic Corporation for the Development of Private Sector (ICD), a private sector arm of the Islamic Development Bank Group (IDB), and Aktif Bank recently signed an agr

ICD-Aktif Bank deal to spur trade

ICD transaction adviser for Mauritanian $300m Sukuk

18 April 2012

Nouakchott, Mauritania: The Islamic Corporation for the Development of the Private Sector, a private sector arm of the Islamic Development Bank Group (IDBG), and the government of Mauritania on April 16, 2012 inked a deal, which entitles ICD to act as the transaction adviser for the proposed revo

ICD transaction adviser for Mauritanian $300m Sukuk

ICD, Uzbek banks sign financing deals

09 April 2012

On behalf of Mr. Khaled Al-Aboodi, CEO & General Manager of ICD, Dr. Abdulaziz Mustapha Mohammed, Acting CEO of ICD, and Mr. Shukhrat Yakubov, Deputy Chairman of Uzbek Industrial and Construction Bank, right, exchange the document at the LOF agreement signing ceremony on April 4, 2012 in Khar

ICD, Uzbek banks sign financing deals

IDB Group hosts Private Sector's Client Day in Sudan

08 April 2012

The Islamic Corporation for the Development of the Private Sector (ICD), the IDB Group Business Forum (THIQAH), the Sudanese Businessmen and Employers Federation Owners Union, the International Islamic Trade Finance Corporation (ITFC) and the Islamic Corporation for Investment Insurance and Expor

IDB Group hosts Private Sector's Client Day in Sudan

Workshop on Mauritania's Special Economic Zone begins

07 February 2012

Nouadhibou, Mauritania: A workshop on comprehensive studies related to the initiative of the special economic zone in Nouadhibou, Mauritania, started Tuesday. The two-day workshop is co-sponsored by the Ministry of Economic Affairs and Development, and the Islamic Corporation for the Development

Workshop on Mauritania's Special Economic Zone begins

ICD, Saudi National Prawn Company tie up for $1bn aquaculture opportunities

28 December 2011

A memorandum of understanding aiming at evaluating $1 billion aquaculture investment opportunities in Mauritania was signed here on Saturday.

The National Prawn Company (NPC) and the Islamic Corporation for the Development of the Private Sector (ICD) signed the deal to provide advi

ICD, Saudi National Prawn Company tie up for $1bn aquaculture opportunities

Saudi Arabia reaping fruits of economic reforms

18 December 2011

The debilitating debt crisis in euro zone economies and the continued economic growth in other advanced economies are among the major reasons impacting the global economy.

However, Saudi Arabia, the biggest economy in the Middle East, is among a very few countries that has proved t

Saudi Arabia reaping fruits of economic reforms

ICD, Kolon entering into a strategic partnership in setting up Islamic Leasing Companies in member countries of OIC

15 November 2011

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), and Kolon Corporation, a diversified company in South Korea, signed a Memorandum of Understanding (MoU) on November 1, 2011 for jointly establishing Islamic

ICD, Kolon entering into a strategic partnership in setting up Islamic Leasing Companies in member countries of OIC

World finance institutions critical for job creation in emerging markets

28 September 2011

Washington, D.C., September 25, 2011—A new report finds that International Finance Institutions play a key role in catalyzing job creation and growth through the private sector in emerging markets, particularly as governments face increased pressure on public resources.

The r

World finance institutions critical for job creation in emerging markets

Bankers engage in promoting Islamic Finance

27 September 2011

Further to the approval notification issued by the State Bank of Pakistan (SBP), Dawood Islamic Bank has got a new identity namely, “Burj Bank Limited” instead of “Dawood Islamic Bank Limited” with effect from July 11, 2011. During his speech during the formal launch of th

Bankers engage in promoting Islamic Finance

Islamic Corporation for the Development of the Private Sector, IFC to Enhance Collaboration in Middle East, North Africa, and other Emerging Markets

16 August 2011

Washington, D.C., [August, 2011]—IFC, a member of the World Bank Group, and Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank Group, today, announced that ICD has adopted IFC’s Master Cooperation Agreement. The agreement make

Islamic Corporation for the Development of the Private Sector, IFC to Enhance Collaboration in Middle East, North Africa, and other Emerging Markets

ICD Considers Financing of SMEs, Food Security and Housing a Priority

03 July 2011

The Islamic Corporation for the Development of the Private Sector (ICD), a multilateral organization affiliated with the Islamic Development Bank (IDB) Group, is currently engaged in tackling issues related to the financing of small and medium enterprises (SMEs), and projects providing food secur

ICD Considers Financing of SMEs, Food Security and Housing a Priority

ICD Hosts VIP Luncheon for Kazakh Business Community

12 June 2011

Islamic Corporation for the Development of Private Sector (ICD), the private sector arm of the Islamic Development Bank Group, organized a VIP luncheon at the Rixos President Hotel Astana on June 7, 2011 for representatives of the Kazakh business community.

The main objective of th

ICD Hosts VIP Luncheon for Kazakh Business Community

ICD, Indonesia Eximbank sign partnership deal

16 May 2011

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), has signed a strategic partnership agreement (SPA) with Lembaga Pembiayaan Ekspor Indonesia (Indonesia Eximbank), to jointly explore investment opportunitie

ICD, Indonesia Eximbank sign partnership deal

Islamic Development Bank delegations visit King Abdullah Economic City Saturday

14 May 2011

A delegation from the Islamic Development Bank Group (IDB), headed by IDB President Dr. Ahmad Mohamed Ali, members of IDB board of executive directors and the chief executive officers of the IDB affiliated institutions visited King Abdullah Economic City (KAEC) in Rabigh on Saturday 30, 2011

Islamic Development Bank delegations visit King Abdullah Economic City Saturday

ICD, Yemen, TOBB sign MOI for cooperation

29 January 2011

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group, the Ministry of Industry and Trade of Yemen, and the Union of Chambers of Commodity Exchanges of Turkey (TOBB) signed a Memorandum of Intents (MOI) on cooperation

ICD, Yemen, TOBB sign MOI for cooperation

US$30 million syndicated Murabaha facility for Eti Gumus A.S., Turkey

12 October 2009

Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IDB) Group, and Halkbank of Turkey, signed an agreement to conclude Halkbank’s participation of US$15 million in Eti Gümüş’ US$30 milliom Syndicated M

US$30 million syndicated Murabaha facility for Eti Gumus A.S., Turkey

ICD, NPC sign MoU to form joint venture prawn company

23 March 2009

JEDDAH: The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank Group (IDB), and the Saudi-based National Prawn Company (NPC), a leader in desert coastal aquaculture, signed a memorandum of understanding in Jeddah to promote a leader in th

ICD, NPC sign MoU to form joint venture prawn company