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OPEC Fund

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    • OPEC Fund Director General, Dr Abdulhamid Alkhalifa
    • OPEC Fund Building Inside
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Source: OPEC Fund |

The OPEC Fund for International Development (OPEC Fund) approves close to US$1 billion in new development financing

These projects will benefit countries across the globe and aim to bolster infrastructure, food security, renewable energy, economic resilience and governance in partner countries

The OPEC Fund for International Development (OPEC Fund) (www.OPECFund.org) has approved close to US$1 billion in new development financing over the last quarter of 2024, including during its 190th Governing Board meeting in Vienna today. These projects will benefit countries across the globe and aim to bolster infrastructure, food security,…

Islamic Corporation for the Development of the Private Sector (ICD)

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    • Islamic Corporation for the Development of the Private Sector (ICD) and JSC Ziraat Bank Uzbekistan Collaborate to Boost the Private Sector in Uzbekistan
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) and JSC Ziraat Bank Uzbekistan Collaborate to Boost the Private Sector in Uzbekistan

This agreement initiates a partnership between ICD and JSC Ziraat Bank Uzbekistan, reflecting ICD’s strategic commitment to bolstering private sector growth within its member nations

ICD (http://www.ICD-ps.org) and Ziraat Bank Uzbekistan signed an Expression of Intent for the USD 10 million Line of Financing Facility aimed at supporting eligible private sector projects in Uzbekistan; This agreement initiates a partnership between ICD and JSC Ziraat Bank Uzbekistan, reflecting ICD’s strategic commitment to bolstering private sector growth within its…

Islamic Corporation for the Development of the Private Sector (ICD)

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    • Islamic Corporation for the Development of the Private Sector (ICD) Signs 11 Transformative Agreements Aimed at Spearheading Private Sector Expansion in Member Countries
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) Signs 11 Transformative Agreements Aimed at Spearheading Private Sector Expansion in Member Countries

These agreements underscore ICD’s commitment to driving sustainable growth and prosperity through strategic partnerships and financial support

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org) is pleased to announce the signing of 11 pivotal agreements aimed at fostering economic development and facilitating private sector growth and access to capital in several of its member countries. These agreements underscore ICD’s commitment to driving sustainable…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Concludes Islamic Development Bank (IsDB) Group Annual Meetings with Strategic Agreements and Global Engagements
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Concludes Islamic Development Bank (IsDB) Group Annual Meetings with Strategic Agreements and Global Engagements

High-Level Discussions and Financial & Technical Assistance Agreements Highlight ITFC’s Commitment to Enhancing Economic Cooperation Among OIC Member Countries

During the final day of the 49th IsDB Annual Meetings, the International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, held further high-level discussions with member countries including Guinea Conakry and Turkmenistan, and partner banks and financial institutions. The outcomes achieved during the…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Partners with Huawei Technologies to Promote Telecom Advancements in ICIEC Member States (1)
    • Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Partners with Huawei Technologies to Promote Telecom Advancements in ICIEC Member States (2)
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Partners with Huawei Technologies to Promote Telecom Advancements in ICIEC Member States

Under this arrangement, ICIEC will provide insurance solutions to support Huawei's provision of advanced telecom network equipment and training to key telecom operators within the ICIEC member states

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org/), a Shariah-based multilateral insurer and a member of the Islamic Development Bank (IsDB) Group, is thrilled to announce a newly signed Memorandum of Understanding (MoU) with Huawei Technologies Co., Ltd. This strategic memorandum was signed on the…

Ministry of External Affairs - Government of India
Source: Ministry of External Affairs - Government of India |

Envoys of five Nations Present Credentials to the President of India

Those who presented their credentials were H.E. Mr Josel Francisco Ignacio, Ambassador of the Republic of Philippines

The President of India, Smt Droupadi Murmu accepted credentials from the Ambassadors/High Commissioner of Philippines, Uzbekistan, Belarus, Kenya and Georgia at a ceremony held at Rashtrapati Bhavan today (March 27, 2024). Those who presented their credentials were: 1. H.E. Mr Josel Francisco Ignacio, Ambassador of the Republic of Philippines 2.…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Uzbekistan Totaling US$715 Million (1)
    • International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Uzbekistan Totaling US$715 Million (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Uzbekistan Totaling US$715 Million

Agreements signed focus on trade solutions offered for supporting agriculture and food security, and small and medium enterprises (SMEs) in addition to technical assistance

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed several agreements with Uzbekistan, amounting to US$ 715 million, on the sidelines of the Arab Coordination Group meeting, which was held from 4th to 5th March 2024 in Tashkent, Uzbekistan. ITFC…

Islamic Development Bank Institute (IsDBI)

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    • One of the training sessions in progress during the capacity building program, in Jeddah, Saudi Arabia
    • Participants and speakers of the capacity building program, in Jeddah, Saudi Arabia
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Source: Islamic Development Bank Institute (IsDBI) |

Islamic Development Bank Institute Delivers Capacity Building Program for Bankers and Financial Sector Experts from Uzbekistan

During the sessions, the participants and speakers extensively discussed how to develop competitive Shari’ah-compliant products for rolling out in the Uzbekistan financial sector

The Islamic Development Bank Institute (IsDB Institute) (https://IsDBInstitute.org/) successfully delivered a three-day bespoke Islamic banking and finance capacity-building program for bankers and financial sector experts from the Republic of Uzbekistan. Organized with the theme, “Creating Value and Realising Business Opportunities in Islamic Finance”, the program was held in Jeddah, Saudi…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) and Asia Alliance Bank Sign US$ 10 Million Line of Trade Financing Agreement to Boost Private Sector and Medium-Sized Enterprises (SME) Support in Uzbekistan
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) and Asia Alliance Bank Sign US$ 10 Million Line of Trade Financing Agreement to Boost Private Sector and Medium-Sized Enterprises (SME) Support in Uzbekistan

The funds will be extended under the Murabaha structure, ensuring adherence to Shariah principles

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group and Asia Alliance Bank have inked an agreement to bolster trade financing for Uzbekistan's private sector, particularly small and medium-sized enterprises (SMEs). Under the agreement, ITFC will provide a Line of Financing of…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Extends US$ 15 million Financing Support to Private Sector in Uzbekistan
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Extends US$ 15 million Financing Support to Private Sector in Uzbekistan

The financing agreement with Aloqabank will contribute to efforts to strengthen the private sector and SMEs in the country

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, has signed a trade financing agreement with Aloqabank, Uzbekistan. The agreement is in line with ITFC’s commitment to support the private sector, especially SMEs in OIC member countries in general and in Uzbekistan…