Focus Reports

Russia: Bridging New Horizons

While Islamic finance is not new and has been practiced for centuries around the world, it is without doubt rising to greater prominence in the global financial system. Over the last decade or so, Islamic finance has rapidly expanded beyond predominantly Muslim emerging economies to major developed economies. This growing significance demonstrates the viability of Islamic finance as a basis for financial intermediation that supports sustainable economic growth and accelerates national development.

Representing only a small portion of global financial assets, there is clearly room for the industry to grow, especially given that the features of Islamic products can appeal to a much wider group. Currently, total global financial assets of the Islamic financial industry are estimated at USD2.2tln and are expected to surpass USD3.8tln by 2022. This practically represents a ten-fold increase from a decade ago, and outperforms the growth of  onventional finance in many places.

17 April 2018

Morning Bulletin

ICD Morning Bulletin - 8 June 2018

Disclaimer: ICD KL Regional Office has prepared this publication for general information purposes only. The views and opinions expressed in this Bulletin are those of the author(s) and do not reflect the official policy or position of ICD. The information contained herein has been obtained from sources believed to be reliable but have not been independently verified. ICD shall not be deemed to endorse, recommend, approve, guarantee or promote nor to give any warranty in respect of such information unless otherwise stated by ICD. For internal circulation within ICD only.

08 June 2018

Income & Capital Markets Funds

ICD Trade Premium Fund Feb 2018

Trade finance refers to finance provided by banks as a means and/or guarantee of payment, for international trade transactions
 

11 March 2018

Annual Report

ICD Annual Report 2017

In accordance with the Articles of Agreement and the by-laws of the Islamic Corporation for the Development of the Private Sector (ICD) and on behalf of the ICD Board of Directors, I am pleased to submit to the esteemed General Assembly the Eighteenth Annual Report of the ICD for the fiscal year covering the period 01/01/2017 - 31/12/2017.

This report contains an overview of the ICD’s operations in the year 2017, including its various business interventions, development impact and financial analysis. The ICD will, Insha Allah, pursue all efforts to meet the aspirations of its shareholders.

 

 

07 April 2018

Annual Development Effectiveness Report

Annual Development Effectiveness Report 2017

The main purpose of this report is to communicate ICD’s development results and to outline the Management’s continuing efforts to improve the Corporation’s development effectiveness.
In 2017, ICD saw the first results of the introduction of the Sustainable Development Goals (SDGs) in its strategy. As the major private sector development arm of the Islamic Development Bank Group (IsDBG), ICD has pledged to concentrate its investments in SDG
7 (energy), SDG 8 ( jobs and financial inclusion) and SDG 9 (industry and infrastructure); engage in SDG 13 (climate action) and SDG 17 (partnerships) in order to impact on SDG 1 (poverty), SDG 2 (agriculture), SDG 3 (health), SDG 4 (education) and SDG 5 (gender equality).
ICD’s operations during the year 2017 continued to reflect the specific needs of its Member Countries (MCs) in each region. For example, our efforts in Sub-Saharan Africa directly targeted poverty reduction, and those in Asia and Europe/Central Asia concentrated on improving the private sector’s global competitiveness. In MENA, we focused our efforts on alleviating the negative effects of declining oil revenue as well as ongoing conflicts.

01 April 2018

Newsletter

ICD Newsletter - July - December 2017

2017 ended and it was an outstanding year for the ICD, with a record amount of investment in financial industries and productive capacities of the private sector in member countries. Almost a two-third of our investment went to the financial sector, while our infrastructure financing also
reached historical peak last year.

18 January 2018

Income and Capital Markets Funds Annual Report

UIF 2016 Annual Report

The Unit Investment Fund (UIF) is a trust fund established in 1989 by Islamic Development Bank (IDB) in Jeddah, Saudi Arabia. The fund is currently incorporated in Federal Territory of Labuan, Malaysia. The fund was launched to provide investors with an opportunity
to invest in Shariah compliant finance (Corporate, Trade & Treasury and Equities) while benefiting from risk-adjusted returns. The strategy and operations of the fund are governed by Islamic Limited Liability Partnership agreement (LLP).

08 June 2017

Bulletin

ICD Bulletin - Q3 2016

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.

14 November 2016

Papers

WDI_Bridging the gender gap

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.

01 October 2014
ICD

Diagnostics

Egypt_SMEs Diagnostics

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.

12 October 2014
Small and Medium Enterprise (SME) Diagnostics Report

Articles of Agreement

The Article of Agreement

The Agreement Establishing the Islamic Corporation for the Development of the Private Sector (ICD).

 

21 January 2016
The Article Of Agreement

Investment Guidelines

Investment Guidelines

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

 

21 January 2016
Investment Guidelines