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Tag Archives: Islamic

Islamic Corporation for the Development of the Private Sector (ICD) highlighted the role of small-and-medium-sized enterprises

Islamic Corporation for the Development of the Private Sector (ICD) highlighted the role of small-and-medium-sized enterprises (SMEs) as engine of growth and sustainable development during the 43rd Annual Meeting of Islamic Development Bank Group. ICD also informed developmental partners on practices and tools to be used for designing SME resilience support programs The Islamic Corporation for the Development of the …

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East Africa Islamic Economy Summit 2018 returns to Nairobi, Kenya

Tapping into East Africa’s tech savvy population to drive Innovation and Financial Inclusion ‘East Africa’s fairly developed infrastructure and communication sector, a young educated tech savvy population and their ability to capitalise on technology development provides a great opportunity for the region to lead in the Islamic Finance digital economy’ – Agnes Gitau, GBS Africa (http://GBSafrica.co.uk) elaborating the theme of …

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The need for co-ordinated African research and development claimed top spot on rail conference agenda

Hon. Okello addresses first summit of the Organisation of Islamic Cooperation on Science and Technology. Hon. Okello who is leading a 9-person delegation is attending the First Summit of the OIC on Science and Technology which runs from 9-11th September 2017 in Astana, Kazakhstan Minister of State for Foreign Affairs in charge of International Affairs, Hon. Henry Oryem Okello, has …

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Organization for the Islamic Conference countries lacking behind in agricultural and rural finance

Green Revolution could be brought through Islamic Agricultural Finance: Zubair Mughal. 53% of the population of OIC (Organization for the Islamic Conference) countries lives in the rural area which is globally more than the other areas and its commitment to the total agricultural department is 34%. On the other hand, 49% population lives in the rural areas while their commitment …

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ICD Signs MoU with AlHuda CIBE for the Development of Islamic microfinance Industry

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank Group (IDBG), signed a Memorandum of Understanding (MoU) with AlHuda Center of Islamic Banking and Economics (CIBE), to implement “Biniog Sathi Banking Model”, which is a new initiative of ICD. “Biniog Sathi” – a Bangla word that means Friend in Investment, …

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“Gulf Islamic Investments” raises US.$145 million for Silicon Valley Technology Company “Apttus”

Gulf Islamic Investments LLC (‘GII’), a UAE based Islamic financial services company, today announced the successful closing of US.$145 million fund raising for “Apttus”, a Silicon valley based company delivering Enterprise Class, Software-as-a-Service (Saas) Solutions to complete the Quote-to-Cash customer process and the Procure-to-Pay supplier process. This is the fourth company out of Silicon Valley for which GII has raised …

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Top-Level Experts in Islamic Economy to Speak in the Global Islamic Economy Summit 2016

HE Al Ghurair: The Summit seeks to promote innovation to face 21st century economic challenges and establish a strong foundation for the Islamic model. Dubai, UAE – The third Global Islamic Economy Summit is set to feature a number of top-level decision makers, speakers, and researchers in the field of Islamic economy. Bearing the theme “Inspiring Change”, the summit will …

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IRTI Conference Discusses Poverty Alleviation through Islamic Microfinance

Jeddah, Kingdom of Saudi Arabia – The Islamic Research and Training Institute (IRTI), a Member of the Islamic Development Bank Group, is organizing a seminar to discuss the role of Islamic microfinance in poverty alleviation on 14-15 May 2016 in Bogor, Indonesia. IRTI is collaborating with the Organization of Islamic Cooperation (OIC), and three Indonesian institutions to organize the event, …

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‘Centre of Excellence in Islamic Microfinance’ Established

Centre of Excellence on Islamic Microfinance has been established in Pakistan in order to provide Capacity Building, Shariah Guidance and capacity building to the Microfinance & Islamic Microfinance Institutions, considering its popular trend in poverty alleviation from the world. This Centre of Excellence will start operations simultaneously through its partner’s offices in Azerbaijan, Mauritius, Kazakhstan, Nigeria, Netherland, Switzerland, Ireland and …

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