During 2016, ICD recorded one more year of constructive progress and is expecting more positive results in 2017. The projects closed this year, not only measure our success and accomplishments but also it witnessed the most notable commitments to serve our member countries.
A dozen of MoUs were signed during the last quarter and several events were organized and sponsored by ICD. Moreover, the social activities held by ICD strengthen the Corporation spirit.
The last quarter, we were keen and dedicated to accomplishing our achievements before the year ends. In fact, after approving 4 direct investment projects, the total number of projects reached 223 projects since inception for a total approval amount of USD 2.29 billion. In the
upcoming year, we plan to proceed efficiently with our part nations and extend our business into new areas.
We are proud to say that our team is well-qualified and that we are entering the New Year with a new outlook and passion.
ICD – THOMSON REUTERS - ISLAMIC FINANCE DEVELOPMENT REPORT 2016
The recent remarkable growth of Islamic finance assets, which hit a milestone of US$ 2 trillion in 2015, may prove that the industry is able to weather the economic slowdown caused by multiple factors such as the significant drop in oil prices. However, asset growth alone does not provide a full and comprehensive picture. Other key aspects must be explored and examined, including sector profitability and the industry’s ecosystem.
ICD works in 52 member countries. Its development strategy complements the
IDBG ten-year strategy of contributing to the attainment of the Sustainable
Development Goals by promoting inclusive and sustainable growth,
employment and poverty reduction.
In 1437H, ICD approved USD787.5mln worth of financing for a total of 34
investments, and disbursed USD289.5mln. New project approvals were in highimpact
sectors such as agribusiness, energy, industry and infrastructure. ICD’s
project portfolio mainly consists of financial instruments such as lines of finance.
Its asset management role is also expanding. ICD is working to achieve a more
balanced geographical distribution of its approved projects.
There is no gender difference between success in establishing a business once both males and females have the same preference to self-employment and attempts towards establishing a new business. However, the gender gap tends to be huge when it comes to individual preferences and attempts to start up an entrepreneurial activity. In this study, we empirically estimate the role of inequality in individual and country attributes between man and woman in the bridging this gender entrepreneurship gap. Using Oaxaca-type decomposition and its extensions on choice of weighting matrix for non-linear probability models, we found that differences in both individual as well as country characteristics largely favor males, while the former play greater role in explaining the gender gap. About a one third of the gender gap in both latent as well as nascent entrepreneurship can be traced back to females owning smaller endowments than males. Empirical results also show differences in return to measured characteristics favor males. Nevertheless, a portion of gender gap that is unexplained by the differences in these characteristics and their coefficients (or return) could still indicate gender discrimination.
Small and Medium Enterprise (SME) Diagnostics Report is produced by the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB). It provides an overview of business environment and analysis of key elements of business climate in each ICD member country (MC) and reports main characteristics and business constraints of SMEs in comparison to
its regional and/or world average performances. The reports may serve as a useful tool for both policymakers and entities within the IDB Group interested in SMEs and private sector development.
This report is a special edition on the SMEs Diagnostics series where we largely use the panel data set on 250 identical Bangladeshi firms to analyze the change in business environment obstacles over the period of 2007-2010. The report consists of seven sections. Section 1 briefly explains the data source and methodology of the study. Section 2 describes main characteristics of private firms in comparison with the regional and global averages. Section 3 analyzes the top obstacles of private firms while Section 4 elaborates on the major constraints of Bangladeshi SMEs. Section 5 and Section 6 sheds light on changes in two most significant elements of business environment for Bangladeshi SMEs over time. Section 7 concludes with some policy recommendations.
The 1436H Annual Development Effectiveness Report (ADER) outlines ICD’s efforts at enhancing its operational efficiency that have allowed it to achieve notable development results. Progressive advances in its development efficiency framework have contributed to ICD becoming a pioneer in providing Islamic financing to its Member Countries (MC). All this has been achieved despite working in often uncertain and fragile operating conditions in many MCs, as a result of falling oil prices and ongoing political instability.
This ADER also includes a special report on ICD’s Lines of Finance – a flexible mechanism that is already ICD’s largest financial instrument in terms of volume and likely to grow more in importance as ICD’s MCs become more economically prosperous.
ICD has the pieces in place to build a seamless development effectiveness framework that translates its corporate aspirations,goals and objectives into tangible and measurable programs and projects.
The terms and conditions of financing are determined according to market conditions, the country and project specific risks. Please refer to the investment guidelines in order to know how the financing conditions