Line Of Finance

One of ICD's main focus areas is establishing and developing Shariah-compliant financial channels in member countries to promote Islamic finance, support the private sector, and eradicate poverty. Through our Lines of Financing, we provide medium to long-term financing facilities to financial institutions (FIs) with the goal of supporting private sector enterprises in member countries.

These Lines of Finance may be extended directly to eligible FIs or channeled through selected intermediary FIs to private sector enterprises. ICD is open to partnering with both Islamic and conventional institutions that meet our criteria.

Our Lines of Financing aim to improve access to medium to long-term funding for private sector enterprises and strengthen the balance sheets of beneficiary FIs. We offer a range of products for both Islamic and conventional FIs, and are constantly developing new ones to meet the needs of our partners and clients.

ICD Lines of Financing
 
Main objectives
 
Promote Islamic finance and financial inclusion
Expand outreach and increase developmental impact
Develop partnerships with financial institutions and benefit from their networks and market knowledge
Improve access to medium to long-term funding for private sector enterprises
Strengthen the balance sheets of beneficiary financial institutions
 
Shariah-compliant instruments
 
Wakala
Murabaha
Commodity Murabaha
Other Shariah-compliant instruments
 
Excluded sectors
 
Defense sector
Recreation
Non-Shariah compliant activities
 
SDG alignment
 

All projects financed through our Lines of Finance are based on Shariah principles and align with at least UN Sustainable Development Goals 8 & 9 — Decent Work & Economic Growth, and Industry, Innovation & Infrastructure.