TRADE & FINANCE
ICD ENCOURAGES CHINA-OIC JOINT INVESTMENT OPPORTUNITIES
ICD Phone : ( 966-12 ) 6361400 Phone : ( 966-12 ) 6441644 Fax : ( 966-12 ) 644 4427 Email : icd @ isdb . org www . icd-ps . org
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 . ICD was established 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 the governments and encouraging cross border investments . ICD has an authorized capital of $ 4 billion . Currently , the shareholders of ICD are the IDB , 53 Islamic countries and five public financial institutions . In November 2014 , Fitch rated ICD ‘ AA / F1 +’ with a stable outlook . In April 2015 , Moody ’ s assigned Aa3 / P-1 rating to ICD with a stable outlook and in December 2015 , Standard & Poor ’ s assigned its ‘ AA ’ rating to ICD with a stable outlook .
ICD PRODUCTS AND SERVICES 1 . Long and Short-term Financing ICD finances private sector entities and greenfield or expansion projects directly through equity participation , the purchase of assignable bonds and term financing . ICD also extends short-term finance to cover working capital and / or raw materials requirements of private sector entities through Murabaha or Purchase and Leaseback for a tenor of up to 24 months . ICD can also play a role in mobilizing resources for financing a project through co-financing or syndication .
2 . Developing Islamic Financial Institutions and Extending Lines of Finance ICD strives to nurture and empower identified channel partners , by setting up or aiding existing development banks in driving development and growth in the Islamic world . This vertically leverages two key instruments in order to extend financial aid : Institutional Equities and Lines of Finance .
3 . Advisory Services ICD provides a wide variety of advisory services to governments , public entities and private entities of member countries with an aim to create the ideal environment to facilitate private sector investment and also to assist companies in achieving their potential . The range of services include assessing
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