Content provided by Last updated: 17/03 - 09:10
The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org), the private sector arm of the Islamic Development Bank (IsDB) Group, and Banque de l’Union - Côte d’Ivoire (the Bank or BDU-CI), a member of the BDM Group, signed an agreement to finance private sector enterprises in Côte d’Ivoire.
Mr. Ayman Amin Sejiny, CEO of ICD and Mr. Wélé Diallo, Managing Director of BDU-CI, signed the Euro 8 million Line of Financing agreement under the Commodity Murabaha Financing Structure & Wakala. On this occasion, Mr. Sejiny commented: “The
ICD and JSCB sign USD25million agreement to finance SMEs in Uzbekistan
On this occasion, Mr Sejiny commented that: “This Line of Financing facility will be utilized by Uzbek Industrial and Construction Bank to support economic activities and recovery during the Covid-19 pandemic and beyond”. Devdiscourse News Desk | Jeddah | Updated: 23-02-2021 15:21 IST | Created: 23-02-2021 15:21 IST
Mr Sakhi Annaklichev, Chairman of the Management Board of JSCB praised the quality of the partnership between the two institutions. Image Credit: Twitter(@isdb group)
Mr Ayman Amin Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD) (ICD-idb.org), and Mr Sakhi Annaklichev, the Chairman of the Management Board of Uzbek Industrial and Construction Bank (JSCB), signed a USD 25 Million Shari ah-compliant Line of Financing Agreement which will be utilized by JSCB to local finance private sector businesses, especially Small and Medium Enterprises (SMEs).
Signing of a USD 25 Million Line of Financing Agreement between the Islamic Corporation for the Development of the Private Sector and JSCB “Uzbek Industrial and Construction Bank”
The ICD extended its third Line of Financing facility to JSCB with the aim of promoting Islamic finance, improving financial inclusion and supporting private sector development in Uzbekistan
JEDDAH, Kingdom of Saudi Arabia, February 23, 2021/APO Group/
Mr. Ayman Amin Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org), and Mr. Sakhi Annaklichev, the Chairman of the Management Board of Uzbek Industrial and Construction Bank (JSCB), signed a USD 25 Million Shari’ah-compliant Line of Financing Agreement which will be utilized by JSCB to local finance private sector businesses, especially Small and Medium Enterprises (SMEs).
MIL-OSI Africa: Signing of a USD 25 Million Line of Financing Agreement between the Islamic Corporation for the Development of the Private Sector and JSCB Uzbek Industrial and Construction Bank foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
Mr. Ayman Amin Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org), and Mr. Sakhi Annaklichev, the Chairman