Making ICD's operations more Open, Transparent and accountable while staying Results-driven Institution

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ICD-REFINITIV Islamic Finance Development Report 2019 SHIFTING DYNAMICS

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Annual Development Effectiveness Report 2019

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Making ICD's operations more Open, Transparent and accountable while staying Results-driven Institution
ICD-REFINITIV Islamic Finance Development Report 2019 SHIFTING DYNAMICS
Annual Development Effectiveness Report 2019

What we do

We fund projects that are aimed at creating competition, entrepreneurship, employment opportunities and export potential. We also bring additional resources to projects, encouraging the development of Islamic finance, attracting co-financiers and advising governments and private sector groups on how to establish, develop and modernize private enterprises and capital markets. We advise on best management practices and enhancing the role of the market economy.

Facts
& numbers

Since its inception in 1999, ICD has approved more than 400 projects, valued at around $6.4 billion. ICD approvals support a wide array of industries including finance, infrastructure, Agriculture, manufacturing, and oil and gas. ICD investment operations are at work in 51 Member countries. The array of ICD approvals includes: more than 100 Line of Finance projects valued at $2,621 million; 218 Term Finance projects valued at $2,225 million; 78 Equity projects valued at $1,007 million; and 15 Funds projects valued at $533 million. To date, 76 percent of approvals address Term Finance plus Line of Finance, 16 percent address Equity participation (institutional equity and corporate equity), and the remaining 8 percent address Funds.

95,609 People opened new Islamic finance accounts in 2017

10,795 New employees hired by ICD clients/partners in 2017

9,367 Micro, Small and Medium enterprises provided with new funding in 2017

603 Employees trained in Islamic finance or in business continuity plan

latest news

Islamic Corporation for the Development of the Private Sector signs MoU with the A-eTrade Group to advance Africa’s economic transformation under Agenda 2063

Addis Ababa 10 Feb 2020 – During the 33rd Ordinary Session of the African Union Head of States Summit, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group, ...

Signing of the USD 10 Million Line of Financing Agreement and an Advisory Agreement between ICD and AAB

Jeddah, Saudi Arabia, November 21st, 2019 – The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDBG), signed with Asia Alliance Bank (AAB) a USD 10 Million Line of ...

Islamic Finance offers potential through innovative investments and instruments.

Paramaribo, 15 november 2019 The "1st Caribbean Islamic Finance Forum" was held in Suriname on the 15th of November 2019, in the Royal Ballroom of Torarica. During the forum organized by Trustbank Amanah and the Islamic Corporation for t ...

Announcement of the ICD's Membership to The Global Impact Investing Network

This week, ICD joined officially the Global Impact Investing Network (GIIN). The GIIN is the leading nonprofit dedicated to increasing the scale and effectiveness of impact investing. Impact investments are made into companies, organizations, an ...

Uzbek delegation holds meeting with the President of the IsDB and the CEO of ICD

Tashkent, Uzbekistan (UzDaily.com) – On 19 October, Washington hosted meetings of Minister of Investment and Foreign Trade of Uzbekistan Sardor Umurzakov with President of the Islamic Development Bank (IDB) Bandar Al Hajjar and the CEO of the I ...

MEMBER COUNTRIES

We always make interventions in member countries that are appropriate to their stage of development. In less developed member countries, we focus on building the basics of competitiveness and improving the regulatory environment. However, in more developed countries, we focus on enhancing private sector markets by increasing business sophistication.

Total projects:

Total ICD Contribution: $

> 10 Projects

1:10 Projects

0 Projects

Disclaimer: Country borders or names do not necessarily reflect the IsDB's official position. This map is for illustrative purposes and does not imply the expression of any opinion on the part of the IsDB, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries.

events

29 Nov

2nd African Islamic Fintech Summit - African Financial Inclusion in the Digital Era

The 2nd stopover is in Senegal (Dakar) where the initial discussion in SAIFI (Tunisia) will be extended and the main theme “Africa & Financial Inclusion: How Islamic FinTech would support” will be tackled by concrete initiative and clear agenda. The choice of Senegal is strategic given the fact that this country is showing a big interest to become the capital of Islamic economy in

15 Nov

1ST CARIBBEAN ISLAMIC FINANCE FORUM “ISLAMIC FINANCE & PRIVATE SECTOR: CONNECTION FOR DEVELOPMENT”

WELCOME TO 1st Caribbean Islamic Finance Forum: “Islamic Finance & Private Sector: Connection for Development” OVERVIEW Trustbank Amanah and its multilateral strategic partner, the Islamic Corporation for the Development of the private sector (ICD), the private sector arm of Islamic Development Bank Group (IsDB Group) are organizing the 1st Caribbean Islamic Finance

16 Oct

FAFI 2019 - L’IMPACT SOCIAL ET LA DIGITALISATION, NOUVEAUX LEVIERS DE DÉVELOPPEMENT DE LA FINANCE ISLAMIQUE EN ALGÉRIE.

Cette journée sera pour vous l’occasion de rencontrer, en un seul lieu, tous les spécialistes de la Finance Islamique. C’est l’opportunité de faire le point complet sur son développement en Algérie.

01 Oct

Global Islamic Fintech Summit - Islamic Digital Economy 2019

EVENT TITLE: ISLAMIC DIGITAL ECONOMY 2019 EVENT TYPE: Conference DESCRIPTION This year, Elmangos will co-locate and combine the two main flagship events of the Global Islamic Economy Convention (GIEC, now rebranded as IDEX) and the annual Global Islamic Fintech Summit (GIFS) into one mega event with an expected audience of more than 900.

04 Apr

ROLE OF DIGITAL TRANSFORMATION IN “RESTYLING” THE ISLAMIC FINANCE INDUSTRY

The Islamic Development Bank Group (IsDB Group) is organizing its 44th Annual Board of Governors Meeting in Marrakech – Morocco, which will take place during the period of 3-6 April 2019. In conjunction with this high level event, the IsDB Group private sector entities will be organizing the IsDBG Private Sector Forum on April 4th, 2019. The Forum will take place at the Four Seasons Hotel, M

03 Apr

IsDB Group 44th Annual Meeting

The Board of Governors of the Islamic Development Bank Group (IsDB Group) holds an annual meeting to discuss development issues and institutional matters. The meeting attracts over than 1,000 participants and offers an ideal platform for decision makers to discuss challenges and explore opportunities facing IsDB Group member countries. (More info will follow soon)

16 Mar

SAIFI 2019 - AFRICAN ISLAMIC FINANCE IN THE FINTECH AGE (ENG and FR)

SAIFI will explore how the convergence of FinTech and Islamic Finance is contributing to the growth of Islamic African economic system and (ii) how FinTech is the key to capturing the next generation of African Islamic digital economy customers. SAIFI represents the first African Islamic fintech platform paving the way between Islamic FinTech companies (i.e. Startups) and the African financial

28 Feb

Public Private Partnership (PPP) Conference (AR, FR and ENG)

The Islamic Development Bank Public-Private Partnership Forum (PPP Forum) is an annual event aimed at fostering greater publicprivate sector collaboration to help solve the world’s sustainable development challenges. First established in 2017, the PPP Forum convenes business leaders and policymakers from the bank’s 57-member countries to promote the dialogue on public-private partne

29 Nov

Startup Weekend Jeddah Global Artificial Intelligence

Startup Weekend Jeddah Global Artificial Intelligence Edition 2018 Ignite – Develop – Impact Artificial intelligence (AI), as an idea, first appeared soon after humans developed the electronic digital computing that makes it possible. And, like digital technology, artificial intelligence, or AI, has ridden waves of hype and gloom—with one exception: AI has not yet

25 Nov

8th Global Islamic Microfinance Forum (Event Lang ENG)

With high hopes AlHuda CIBE has planned to conduct The 8th Global Islamic Microfinance Forum in Dubai - UAE on 25th - 26th November, 2018. The notion behind conducting these forums is to create awareness of Islamic Microfinance for the benefit of humankind and to help poor to survive at their best. This is the reason why these events are conducted internationally so that masses can enjoy its perqu

14 Nov

IFN Forum Investors 2018 (Event language ENG)

Launched in April 2015, IFN Investors Forum has been widely embraced by the industry to great success as the platform to discuss and debate all things related to Islamic investments. Welcoming a broad range of investors from all corners of the world, IFN Investors Forum will stage a comeback in 2018 in Kuala Lumpur, one of the most advanced Shariah finance capitals of the world. Covering all as

27 Mar

Africa Islamic Finance Forum - Lagos Conference

Welcome to the 3rd Africa Islamic Finance Forum The 3rd Africa Islamic Finance Forum will provide an insightful programme to greatly assist understanding towards investment opportunities as well as being a networking platform for the financial and business communities to forge partnerships and provide a catalyst for business. Given Nigeria’s status as a leading member of the Islamic Devel