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

Established 26 years ago in 1994 as a multilateral institution and a member of the Islamic Development Bank Group, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) was tasked to promote cross-border trade and foreign direct investments in its member countries.

The ICIEC’s mission is to make trade and investment between member countries and the world more secure through the Shariah compliant risk mitigation tool. Its vision is to be recognized as the preferred enabler of trade and investment for sustainable economic development in member countries.

The ICIEC is the only multilateral export credit and investment insurance corporation in the world that provides Shariah-compliant insurance and reinsurance solutions.

Today, the ICIEC supports trade and investment flows in 47 member countries spanning across Europe, Asia, the Middle East and Africa. Its target clients are corporates (both exporters and investors), banks and financial institutions as well as export credit agencies and insurers.

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

The Islamic Development Bank Group Business Forum (THIQAH) is the window of the IsDB Group that facilitates contact and coordination between entities concerned of the IsDB Group and private sector firms and related institutions in IsDB Group member countries. The main objective of THIQAH is to establish a unique platform for effective dialogue, cooperation and inclusive partnership for business leaders committed to partnering in promising investment opportunities. Through facilitation and catalyst roles, THIQAH will be leveraging the IsDB Group’s resources to offer necessary services and confidence to investors and to establish strategic partnerships with the leaders of the private sector. The primary focus will be on maximizing cross-border investment among member countries to be supported by IsDB Group’s financial products and services. (www.idbgbf.org)

Akin Gump is a global law firm with more than 900 lawyers and advisors who pride themselves on dedication to their clients and their communities. With 20 offices worldwide, the firm is renowned for numerous market-leading practices, its strengths in complex corporate and finance transactions and restructurings, high-stakes litigation, public policy and regulatory matters and its unyielding pro bono commitment.

With an integrated team of lawyers based in New York, London, Dubai and Abu Dhabi, the firm’s Islamic finance practice offers clients around the world a highly experienced team advising on Shariah compliant finance and investment, including acquisition finance, syndicated and bilateral financings, fund finance and asset and project finance transactions.

Members of the team are known for developing innovative structures and their commercial approach, creating bespoke solutions to help clients achieve their goals through first-of-a-kind and award-winning transactions.

Founded in 1998 and headquartered in London, with an office in Dubai and a presence in both Saudi Arabia and Malaysia, DDCAP is a leading provider of asset facilitation services and financial technology and system solutions across a diverse range of Shariah compliant products, asset classes and instruments in both the primary and secondary markets. DDCAP’s wholly-owned subsidiaries include DD&Co and DDGI. DDCAP has an extensive track record within the Islamic finance industry, employing over 35 professionals with broad and complementary skill sets drawn from diverse financial industry backgrounds, focused principally on providing service to Islamic financial market participants around the world. DDCAP has its own Shariah supervisory board comprising esteemed Shariah scholars from Saudi Arabia, Malaysia and Kuwait. DDCAP’s multi-award-winning Shariah compliant ETHOS Asset Facilitation Platform is a bespoke, real-time trade and post-trade services platform providing 24-hour coverage, enabling clients worldwide to purchase from a diverse asset inventory, including commodities, via a secure, web-based portal.

Maybank is among Asia’s leading banking groups and is Southeast Asia’s fourth-largest bank by assets. Maybank Group has an international network of over 2,600 branches in 18 countries including all 10 ASEAN countries, with more than 42,000 employees serving customers worldwide. Maybank offers an extensive range of products and services for individuals, businesses and corporations, including consumer and corporate banking, investment banking, Islamic banking, stock broking, insurance and asset management. As at the 31st December 2020, Maybank’s total assets in Singapore were approximately SG$81.5 billion (US$60.75 billion), and it is staffed by over 2,000 bank employees. With strategically located branches in the business district and suburban estates of Singapore, we are well-positioned to provide highly personalized services and locally-oriented solutions that will deliver more value to customers.

Islamic banking is a niche offering by Maybank Singapore that has been established since 2005. The products and services are ever-growing to address the needs from the various segments that we serve. The team most recently clinched the ‘Islamic Bank of the Year for Singapore’ in the Country Category of The Asset Triple A Islamic Finance Awards 2020. Such achievement demonstrates Maybank’s contribution to the growth of the Islamic finance industry and its success in meeting its customers’ needs for Shariah compliant products.

Meezan Bank, Pakistan’s first and largest dedicated Islamic bank, is a publicly listed company with a paid-up capital of PKR10 billion (US$64.22 million). It is one of the fastest-growing financial institutions in the banking sector of the country. With its vision of establishing ‘Islamic banking as banking of first choice…’, the bank commenced operations in 2002, after being issued the first-ever Islamic commercial banking license by the State Bank of Pakistan.

VIS Credit Rating Company (formerly JCR-VIS Credit Rating Company) has reaffirmed the bank’s long-term entity rating of ‘AA+’ and short-term rating of ‘A1+’ with a stable outlook. The rating indicates the sound performance indicators of the bank. Meezan Bank is the only fully-fledged Islamic bank with a ‘AA+’ credit rating in the Islamic banking industry in Pakistan.

The bank provides a comprehensive range of Islamic banking products and services through a retail banking network of over 820 branches in more than 240 cities across Pakistan.

Meezan Bank has also been awarded the industry’s most prestigious recognition — ‘The Best Bank for 2020 Award’ — by Pakistan Banking Awards, the most prestigious awards in the country’s banking sector. Two years ago, Meezan Bank had won this award for the first time. This award aims to holistically assess a bank on all aspects and is awarded to the bank that has demonstrated:

• The most significant contribution to national development, and
• The most effective management of its resources including employees, clients, franchise, community and finances.

Meezan Bank has one of the highest returns on equity in the banking industry for the past three years, averaging over 30%. The increase in the bank’s stock’s total return price has been 241% since 2015 with a compounded annual growth Rate of 27.9%. Over the same period, its stock also outperformed the benchmark index of the PSX 100 Index as well as the KMI 30 Index, demonstrating the strength of the bank and the confidence of its investors as well as the stock market in general.

Meezan Bank has also been ranked as the strongest bank in Pakistan by Balance Sheet Evaluation and the 36^th-strongest among 500 banks in the Asia Pacific region in The Asian Banker’s 2020 rankings, another solid reflection of its performance. Meezan Bank is, Alhamdulillah, a strong entity that provides excellent returns to shareholders and is indeed an investment of choice for them.

Moody’s is a global risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions and fair access to information open the door to shared progress.

Launched in April 2021, Redmoney Consulting is a new and highly focused advisory firm focusing on global Islamic, Ethical, Responsible and Sustainable Finance. Redmoney Consulting is a logical extension of REDmoney Group, the Islamic finance industry’s leading media house with a truly global audience. In addition to Islamic finance, the Group has steadily increased its coverage of the green and sustainable finance sector as the two markets continue to converge. Redmoney Consulting provides an expansive service allowing its consultants to provide advisory and consulting services at the highest level for the most discerning of clients.