updated Wed. June 19, 2024
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The National
February 19, 2018
The Islamic Development Bank (IDB) – the Jeddah-based multilateral development bank with a subcsribed capital of $33 billion – is launching a new fund which will provide seed money to innovative start-ups and SMEs, helping them implement development projects related to the UN's SustainableÃÂ ...
The Atlantic
February 17, 2018
There were smaller contributions from the United Arab Emirates, Germany, the EU, and the Islamic Development Bank. The United States did not pledge any money, but said it would offer more than $3 billion in financing to help U.S. companies invest in Iraq. Much of the money will flow into Iraq only ifÃÂ ...
Anadolu Agency
February 12, 2018
Turkey distinguishes itself among all Islamic Development Bank member countries and is one of the leading countries in the variety of STI indicators, Jelassi said. "For instance; Turkey has the highest number of researchers in absolute terms, the third-highest proportion of researchers, the third-highestÃÂ ...
OilPrice.com
February 10, 2018
In October 2016, Turkmenistan revealed that it had borrowed $700 million from the Jeddah-based Islamic Development Bank to fund building work on TAPI. For other credit, much hope is being placed in the Asian Development Bank, whose board of directors last year approved a five-year CountryÃÂ ...
Arab Times Kuwait English Daily
February 7, 2018
That initiative was the brainchild of Dr Waleed Abdulwahab who is now with Islamic Development Bank. The project mandate was to demonstrate a call center that would serve the entire Kuwait government as a one-stop-shop for all of the people in Kuwait to interact easily with the government for all of theirÃÂ ...
AzerNews
February 7, 2018
Such international financial institution as the World Bank (WB), the European Bank, the European Bank for Reconstruction and Development (EBRD), the Islamic Development Bank (IDB), as well as the UK government and others act as investors in the project. In particular, for the implementation of the TajikÃÂ ...
Tolerance.ca
February 6, 2018
UNESCO is supporting the efforts of the Islamic Development Bank Group (IsDBG) to enhance the role of Science, Technology and Innovation in the IsDBG's interventions and to create synergies between its 10-year Strategic Framework and the 2030 Agenda for Sustainable Development. This part of theÃÂ ...
Morocco World News
February 4, 2018
Rabat – On the 4th of February, Rabat will be the host city for a workshop introducing a multimillion-dollar fund from the Islamic Development Bank called Transform to Morocco, intended to stimulate growth in science, technology and innovation – scheduled to launch next month with an “esteemed advisoryÃÂ ...
Greater Kashmir
February 2, 2018
During the event it was thoroughly discussed how Islamic finance can be tapped for global development especially to end poverty and above all to achieve the target goals by 2030. The event was co-organized by the Islamic Development Bank (IDB) and United Nations Development Programme (UNDP)ÃÂ ...
Cryptovest
February 1, 2018
In October 2017, we reported that the Saudi Arabian Islamic Development Bank required of its researchers to develop blockchain-based products. As part of the project, the Islamic Research and Training Institute has to explore how blockchain platforms could fit in with Islamic finance. Before imposing anyÃÂ ...
Pakistan Observer
February 1, 2018
The Islamic finance industry is climbing to new heights on the back of strong global demand for sustainable and socially responsible investments, the newly released fifth edition of the Islamic Finance Development Report and Indicator, or IFDI, found. The report is the result of joint research by businessÃÂ ...
The Tide
January 28, 2018
Nigeria's first high speed rails system which connects Abuja and Kaduna recently commenced commercial operations. The Saudi Arabia-based Islamic Corporation for the Development of the Private Sector (ICD) plans to raise $1 billion for a new sharia-compliant fund that will focus on infrastructureÃÂ ...
Trend News Agency
January 26, 2018
In January 2017, the Ministry of Economy of Azerbaijan and the Islamic Development Bank (IDB) signed an agreement on the possibility of introducing Islamic financing in the country, and the preparation of an action plan began in June. The IDB provided technical assistance in the amount of $200,000 inÃÂ ...
IBS Intelligence (blog)
January 26, 2018
The Islamic Development Bank (IDB) and the World Bank will engage in public-private partnerships (PPP) for infrastructure development projects, taking advantage of the growth of the Islamic market, Arab News gathered in a forum thrown by both entities. The forum aimed to raise awareness aboutÃÂ ...
Pakistan Observer
January 26, 2018
The Islamic Development Bank (IDB) and the World Bank are to use the rapidly growing Islamic finance market for infrastructure development projects through public-private partnerships (PPP). The IDB recently organized a forum in Washington in partnership with the World Bank on this subject, IDBÃÂ ...
EurasiaNet
January 25, 2018
President Emomali Rahmon greets the President of the Islamic Development Bank (IDB), Dr. Bandar Hajjar, on September 12, 2017. That October, Tajikistan's Sohibkorbank announced it had entered talks with a branch of the Saudi-based IDB on exploring ways to convert fully to Islamic banking practices.
bdnews24.com
January 25, 2018
The Islamic Development Bank or IDB has withdrawn $175.5 million (Tk 14.22 billion) fund commitments for two projects in Bangladesh as the country failed to comply with policy deadlines. The bank's Director General for Country Relations and Services Walid Abdelwahab informed Finance Minister AMAÃÂ ...
ArabianBusiness.com
January 24, 2018
Saudi-based Islamic Corporation for the Development of the Private Sector (ICD) has signed an agreement to establish a $1 bilion infrastructure fund focused on Africa. The private sector arm of the Islamic Development Bank Group has inked the deal with the IL&FS Investment Managers Limited (IIML), theÃÂ ...
Saudi Gazette
January 24, 2018
JEDDAH — The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), and the IL&FS Investment Managers Limited (IIML), the private equity arm of IL&FS Group, signed a shareholder agreement to establish an infrastructureÃÂ ...
CNBCAfrica.com
January 24, 2018
The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), the private sector arm of Islamic Development Bank (IDB) Group (www.IsDB-pilot.org), signs today a Memorandum of Understanding (MoU) with JANA Bena'a Productive Families (www.JANA-SA.org) of SaudiÃÂ ...
ummid.com
January 24, 2018
“One of the advantages that Islamic Development Bank has in using Islamic finance is localization. They have worked in many villages in their areas of operations, and their former and current presidents have always explained how localization helps in using Islamic finance,” said Dr. Mahmoud Mohieldin,ÃÂ ...
Pakistan Observer
January 19, 2018
Bahrain features prominently in a new report into Islamic Finance from Thomson Reuters in cooperation with the Islamic Corporation for the Development of the Private Sector, the private sector development arm of the Islamic Development Bank. The island kingdom was placed top among all GCC countriesÃÂ ...
ZAWYA
January 19, 2018
JAKARTA - A planned fund to help finance scientific innovation in countries that are members of the Islamic Development Bank has raised $200 million ... to address needs such as food security, education, health and energy among the 57 member countries of the Jeddah-based Islamic Development Bank.
Pakistan Observer
January 19, 2018
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, has provided a US$100mn and a €50mn facility, both of which will be used to support trade transactions involving ITFC member countries that are also Afreximbank participating memberÃÂ ...
ArabianBusiness.com
January 14, 2018
Bahrain features prominently in a new report into Islamic Finance from Thomson Reuters in cooperation with the Islamic Corporation for the Development of the Private Sector, the private sector development arm of the Islamic Development Bank. The island kingdom was placed top among all GCC countriesÃÂ ...
Arab News
January 14, 2018
The report was prepared by Thomson Reuters and the Islamic Corporation for the Development of the Private Sector (ICD) — the private sector development arm of the Islamic Development Bank. It followed Malaysia in the top slot. “Islamic finance is a core pillar of our region's offering,” said Khalid Hamad,ÃÂ ...
Trend News Agency
January 4, 2018
Turkmenistan's Turkmengas State Concern has signed an agreement with the Saudi-German Global Pipe Company, theOil and Gas Complex of Turkmenistan said in a message. This is about the delivery of a big batch of pipe products meant for the construction of theÃÂ ...
The Nation
January 4, 2018
The conference was attended by known economists from UAE, Australia, UK, America, Saudi Arabia, Indonesia, Malaysia etc. The conference was organised by Minhaj University Lahore in collaboration with Islamic Development Bank, Jeddah & Islamic Research, and Training Institute. On the first dayÃÂ ...
The Economist
January 4, 2018
After the ruling the industry feels “70% comfortable”, says Mohammed Khnifer of the Islamic Development Bank, a multilateral lender based in Saudi Arabia. The victory, however, may prove pyrrhic. To get hold of Dana's domestic assets, creditors need a new ruling from the UAE courts. The outcome isÃÂ ...
Saudi Gazette
December 31, 2017
MALE — The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group signed with the State Trading Organization (STO), a government owned company in the Republic of Maldives, a syndicated murabaha financing agreement for $ 100 million.
Daily Sabah
December 29, 2017
According to the statement, other lenders include the Black Sea Trade and Development Bank with a syndicated loan of 65 million euros, the Islamic Development Bank with syndicated financing of 175 million euros, the Development Bank of Austria with a 30 million loan euros, the ECO Trade andÃÂ ...
Anadolu Agency
December 19, 2017
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, has signed a €100 million ($118 million) syndicated agreement with Cameroon's government to support over 300,000 cotton farmers. Economy Minister Louis Paul Motaze, who is also IDBÃÂ ...
Premium Times
December 18, 2017
A 60,000 cubic metre capacity water supply cum sanitation project was on Monday inaugurated in Ilesa, Osun State, with the support of the World Bank, Islamic Development Bank and the Federal Government of Nigeria. The project, which will gulp N48.7 billion, will be built in 24 months and has aÃÂ ...
CNBCAfrica.com
December 18, 2017
The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group (www.IsDB.org), signed a EUR 107 Million Murabaha Financing Agreement (CFA franc 70 billion) to finance Burkina Faso 2017/2018 Cotton Season with SOFITEXÃÂ ...
Jamaica Gleaner
December 16, 2017
... capacity to develop evidence-based, inclusive and gender-responsive plans and programmes to improve the competitiveness of the agricultural sector. The project will be implemented in partnership with the Islamic Corporation for the Development of the Private Sector of the Islamic Development Bank.
Financial Tribune
December 16, 2017
I slamic Development Bank, the Jeddah-based multilateral development financing institution devoted to lending a hand to its 57 Muslim member states in fostering economic development and social progress, has 15 active projects in Iran worth billions of dollars. "We value Iran's membership, as it is theÃÂ ...
Saudi Gazette
December 13, 2017
BUENOS AIRES — The Islamic Development Bank (IDB) Group has affirmed its commitment to further strengthen the mechanisms of economic and trade cooperation, expand and deepen partnerships among member countries in the fields of trade, investment and finance, as well as mobilize the necessaryÃÂ ...
Ecofin Agency: Economic information from Africa
December 31, 1999
(Ecofin Agency) - Islamic development bank (IDB) would have decided to sell its 21% share in Zitouna bank's capital, a Tunisian bank specialized in Islamic funding. A disagreement of specifications would be at the origin of this decision, according to Tunisian media. This withdrawal could benefit Triki groupÃÂ ...
The Interpreter
December 31, 1999
The paradox of connectivity, jobs destruction caused by technology, and insufficient education are World Bank President Jim Yong Kim's three main worries for the year ahead. The Islamic Development Bank and the World Bank launched a report on the benefits of Islamic finance for aid and developmentÃÂ ...
Daily Mirror
December 31, 1999
... of Osman Kassim (Chairman), Tyeab Akbarally (Deputy Chairman and Non-Executive, Non-Independent Director), Jazri Magdon Ismail (Non-Executive, Independent Director), Haseeb Ullah Siddiqui (Non-Executive, Non-Independent Director - Representative of Islamic Development Bank Saudi Arabia),ÃÂ ...
Yeni Şafak English
December 31, 1999
According to the statement, other lenders include the Black Sea Trade and Development Bank with a syndicated loan of €65 million, the Islamic Development Bank with syndicated financing of €175 million, the Development Bank of Austria with a €30 million loan, the ECO Trade and Development Bank withÃÂ ...
Saudi Gazette
December 31, 1999
JEDDAH — The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group and the African Export-Import Bank (Afreximbank) signed a line of financing agreement for a $100-million facility on Sunday (Dec. 24) in Jeddah.
New Telegraph Newspaper
December 31, 1999
Over $213 million Islamic Development Bank (IDB) financing for Nigeria is being threatened. A group of Muslims, which said this also raised alarm over country's risk of IDB's membership loss through non-payment of dues mean for the group. The group, the Muslims Rights Concern (MURIC), said that theÃÂ ...
ReliefWeb
November 30, 2017
We heard an innovative 'South-South driven triple-win financing modality' of Lives and Livelihood Fund (LLF) from the representative of Islamic Development Bank, that has been deployed successfully to mobilize resources for fragile and least developed countries. In two days, the Global Humanitarian ...
The News International
November 29, 2017
The Islamic Development Bank (short-term) facility disbursed $455 million in loans during the first four months of 2017/18. Asian Development Bank released $160 million, World Bank $79 million and $53 million in shape of International Bank for Reconstruction and Development and International ...
Gulf Times
November 29, 2017
... Kuwait, Luxembourg, Mauritius, Qatar, Malaysia, Nigeria, Turkey and the UAE, as well as the private sector arm of the Islamic Development Bank. It launched a short-term issuance programme in 2013 which has sold predominantly three-month sukuk, having also tested two, four and six month maturities.
Pakistan Observer
November 24, 2017
It might be argued the Jeddah-based Islamic Development Bank (IDB) could be a driver to create a global Islamic finance centre or could be ...
ESI Africa
November 23, 2017
A joint initiative between the African Development Bank (AfDB) and the Islamic Development Bank (IsDB) will support the agriculture value ...
ZAWYA
November 23, 2017
Islamic Development Bank (IsDB) and African Development Bank (AfDB) will boost agriculture value chains and enhance drought resilience in ...
Anadolu Agency
November 23, 2017
The Islamic Development Bank (IDB) said on Wednesday it had formed a $500-million fund for scientific research. Bandar Hajjar, president of ...
