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 […]
The Chief Executive Officer of the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDBG), Mr. Ayman Amin Sejiny and the Chairman of the Management Board of Turonbank, Mr. Chori Sadibakosovich Mirzaev, have signed an Advisory Services Agreement in relation to launching of an Islamic window at the bank.
The intended Islamic window will create an opportunity for Turonbank to be one of the foremost wholly profit-sharing Islamic Windows, offering Islamic products and services in Uzbekistan. As a result, the bank will diversify its products, funding sources and increase its profits.
Ayman Amin Sejiny, CEO of the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDBG), and Chori Sadibakosovich Mirzaev, chairman of the management board of Turonbank, signed an advisory services agreement in relation to the launching of an Islamic window at the bank. The intended wholly
Signing of an Agency Agreement between Islamic Corporation for the Development of the Private Sector (ICD) and Islamic Development Bank (IsDB) for Implementation of R2 COVID Support Line of Finance
ICD is offering its expertise in implementation of R2 “Restore Program” COVID-19 Support in the area of Line of Finance transactions
JEDDAH, Kingdom of Saudi Arabia, February 15, 2021/APO Group/
H. E. Dr Bandar Hajjar, the President of the Islamic Development Bank Group (IsDBG) and Mr. Ayman Amin Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org), the private sector arm of IsDBG, signed an Agency Agreement for the implementation of IsDB Group’s R2 COVID Support Package, which will assist IsDBG member countries to restore their economies and recover from the impact resulting from the COVID-19 pandemic.