The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral development financial institution and is part of the Islamic Development Bank (IDB) Group.

The ICD was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to governments and private companies and encouraging cross-border investments.

The ICD has an authorized capital of US$4 billion. Currently, the shareholders of the ICD are the IDB (50%), 53 Islamic countries (30%) and five public financial institutions (20%).

ICD mandate and objectives

The ICD fosters sustainable economic growth in its 53 member countries by:

• Financing private sector investment
• Mobilizing capital in the international financial markets, and
• Providing advisory services to business and governments.

The ICD selects the financing projects based on their contribution to economic development considering factors such as job creation, Islamic finance development, contribution to exports, etc. The ICD also provides advisory services to governments and private sector groups on policies designed to encourage the establishment, expansion and modernization of private enterprises, the development of capital markets, best management practices and to enhance the role of the market economy. The ICD operates to complement the activities of the IDB in member countries.

The ICD is rated ‘AA/FQ’ by Fitch Ratings, ‘Aa3/P-1’ by Moody’s Investors Service and ‘A+’ by Standard & Poor’s.

FOR MORE INFORMATION

Tel: (966-12) 6361400; (966-12) 6441644

Fax: (966-12) 644 4427

Email: [email protected]

Website: www.icd-ps.org

The International Islamic Trade Finance Corporation (ITFC) is a member of the IDB Group. It was established with the purpose of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving the socioeconomic conditions of the people across the world. The ITFC commenced operations in January 2008 and has since consolidated all trade finance businesses that used to be handled by various windows within the IDB Group. Earning an ‘A1’ rating from Moody’s Investors Service reflects the ITFC’s efficiency in service delivery by responding swiftly to customer needs in a market-driven business environment.

Since 2008, the ITFC has provided more than US$40.2 billion of trade financing to OIC member countries, making it the leading provider of trade solutions for the needs of OIC member countries. With a mission of being a catalyst for trade development among OIC member countries and beyond, the ITFC helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity-building tools, which would enable them to successfully compete in the global market.

Contact us at:

Twitter: @ITFCCORP
Facebook: @ITFCCORP
Linkedin: International Islamic Trade Finance Corporation (ITFC)

Tel: +966 12 646 8337
Fax: +966 12 637 1064
E-mail: [email protected]
Website: http://www.itfc-idb.org/en

Eternal Asset Management (EAM) is an Australia-based investment manager that specializes in ultra ethical and socially responsible investments, particularly Shariah compliant investments. It prides itself in being an ethical investment manager that establishes and grows world-class investment funds.
EAM’s goal is to build long-term wealth by investing in an ethical manner, without compromising the values and beliefs of its clients who are invested in a broad range of active strategies across equities, compliant income, multi-assets, alternatives and real estate.
Providing ethical and Shariah compliant investment opportunities enable EAM to not only capture financial returns for clients but also to realize intrinsic returns not replicated elsewhere.

GrilloHiggins is a boutique firm that focuses on providing exceptional service to its clients while also providing cost certainty in challenging market conditions. At GrilloHiggins, we embrace innovative methods to provide better service with the aim of understanding our clients’ business environment and commercial objectives.

The founding partners, Alfonso Grillo & Garrick Higgins, have decades of combined extensive experience and depth of knowledge to allow them to navigate the best possible outcome for clients. Alfonso and Garrick are supported by an experienced and capable team including Senior Associates Tony Petani and Adam Goldner. This team works closely, collaboratively and communicatively to ensure that every aspect of work is dealt with professionally and cost-effectively.

GrilloHiggins provides expertise in a range of areas of work including, but not limited to, mergers and acquisitions, capital markets, energy and resources, corporate and commercial, entertainment, intellectual property, technology, start-ups and property.

IdealRatings was incorporated in 2006 in San Francisco with a corporate objective to provide SRI/ESG and Shariah compliant solutions to ethical investors and enable them to identify such instruments across different asset classes in the global market. IdealRatings serves clients in over 30 countries with a range of capital market solutions including:

• Equities – A web-based platform covering over 40,000 stocks, where fund managers can screen equities using different, custom-built ESG/SRI/Responsible Investments and Shariah rulebooks or guidelines. This solution caters to different purification calculation methodologies with a comprehensive set of reports for fund managers to manage their portfolio.

• REITs – Global coverage of all listed REITs that could be screened in accordance with different standard Shariah rulebooks or guidelines.

• Indexes – Co-branded and jointly marketed by FTSE-Russell Indexes and a separate series with Thomson Reuters for the global markets, designed for fund management and investment benchmarking. In addition, IdealRatings is able to provide custom-built indexes for the fund management industry.

• Sukuk – A unique solution which includes the global Sukuk and a pioneering Sukuk-screening solution that enables fund managers to customize their Sukuk selection in accordance to their Shariah rulebook, guidelines or investment preference, and

• Brokerage – The solution provides broking houses the ability to screen global equity markets, a technical analysis of the markets and equities, buy/sell/hold recommendations and purification amounts.

Recognized as one of the world’s most innovative law firms, King & Wood Mallesons offers a different perspective to commercial thinking and the client experience. With access to a global platform, a team of over 2,000 lawyers in 27 locations around the world works with clients to help them understand local challenges, navigate through regional complexity and to find commercial solutions that deliver a competitive advantage for our clients.

As a leading international law firm headquartered in Asia, we help clients to open doors and unlock opportunities as they look to Asian markets to unleash their full potential. Combining an unrivaled depth of expertise and breadth of relationships in our core markets, we are connecting Asia to the world, and the world to Asia.

We take a partnership approach in working with clients, focusing not just on what they want, but how they want it. Always pushing the boundaries of what can be achieved, we are reshaping the legal market and challenging our clients to think differently about what a law firm can be.

Macquarie Group is a global diversified financial group. It acts primarily as an investment intermediary for institutional, corporate and retail clients and counterparties around the world.

Macquarie Group has built a uniquely diversified business since its inception in 1969. It has established leading market positions as a global specialist in a wide range of sectors, including resources, agriculture and commodities, green energy, conventional energy and infrastructure, with a deep knowledge of Asia Pacific financial markets.

Macquarie Group’s diverse range of services provides clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities.

Founded in 1969, Macquarie employs 14,469 people in over 25 countries. As of the 31st March 2018, Macquarie had assets under management of US$381.8 billion.

The Perth Mint (the Mint) is Australia’s largest and most highly accredited precious metals enterprise. Through its diverse operations and trusted products and services, it develops markets and creates demand for Australian precious metals the world over. Operating the leading refinery in the southern hemisphere and the only facility in Australia accredited for gold and silver by the London Bullion Market Association, the Mint maintains endorsements from commodity trading centers in London, New York, Tokyo, Shanghai and Dubai. Each year, the Mint exports US$14 billion-worth of bullion bars and coins to institutional and private investors located in 130 countries and, with a reputation for innovation and excellence, it issues legal tender commemoratives on behalf of the Commonwealth of Australia and surrounding nations for collectors.

Wholly owned by the government of Western Australia, the Mint offers the world’s only precious metals investment and storage program guaranteed by a sovereign entity and currently manages US$3 billion-worth of metals on behalf of 30,000 clients. Committed to sharing the remarkable story of gold with the global community, the Mint also hosts a premier tourist destination.

AlHuda Centre of Islamic Banking and Economics is working diligently and under vigilance shariah
compliant standards since its inception. AlHuda CIBE was established in 2005 and Mr. Zubair Mughal is its
Chief Executive Officer. AlHuda CIBE has been accredited as a distinguished service provider due to our
notable services, team of dedicated professionals and one stop solutions of Islamic banking and finance.
Our aim is to provide state-of-the-art and science services of Islamic banking and finance worldwide.
AlHuda head office is in UAE and regional offices are in Pakistan and in South Africa. AlHuda CIBE is
omnipresent worldwide for its various services:

• Advisory & Consultancy
• Research & Development
• Education & Capacity Building
• Shariah Advisory
• Publications & Events

Website link: www.alhudacibe.com

FNArena is a provider of financial news, data and analysis independent of any stockbroker, research house or major media company.

It is FNArena’s mission to provide clear and concise explanation of those factors and events potentially impacting on investment returns and decisions, cutting through the often confusing jargon.

FNArena is publisher of daily The Australian Broker Call Report, and provides in-depth research and proprietary tools to assist self-managing investors with their own market research. For more information, visit www.fnarena.com or send an email to [email protected]. The service can be trialed for two weeks without any cost or obligation.

True Banking is a Bi-Monthly magazine working to deliver Islamic banking & financial services with specific focus on research development, market analysis, training and advancements. The prime aim of True Banking is to create awareness of Islamic banking and finance in the masses and to make available a platform to get the latest news, innovations and updates of national and international banking and finance industry. It is an addition to our achievements towards developing and promoting Shariah compliant financial industry worldwide.