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ICD featured awards in 2017

ICD’s projects are recognized as important and large-scale initiatives. Their impact on the development of member countries is such that each year they are subject to regional and worldwide recognition – and 2017 was no exception.

In March 2017, the ICD emerged as the winner of IFN ‘Sovereign Deal of the Year’ for Jordan’s groundbreaking sovereign sukuk. The global Islamic financial community recognized the innovative and development impact made by the inaugural local currency Sukuk of the Hashemite Kingdom of Jordan.

In July, the ICD was presented with two prestigious awards at the Asset Triple A, Islamic Finance Awards ceremony. The two winning deals include ‘Best Deal, Saudi Arabia’ which was a USD300m Wakala Sukuk and also the first public issuance for the ICD, and ‘Best Deal, Bangladesh’, which was a USD32m syndicated term finance facility for Noman Group in which the ICD acted as the co-arranger.

In September, the Global Islamic Finance Awards (GIFA) awarded the ICD’s MIRAS talent development program as ‘Best Human Capital Development Program 2017’.

In November, ICD received an award at the International Islamic Microfinance Awards for its innovative Sharia-compliant microfinance program.