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(BCP). This course formed the core curricula that the business advisors extended to the participating firms in December.
In addition, the project was able to secure the participation of three local commercial banks for their fulfilment of the project's role as grant administrator. These were: Jaiz Bank Plc., Suntrust Bank Ltd. and Wema Bank Plc. Here too the ICD had previously (2018-2020) played a lead role during the due diligence and assessment phase of the respective partners. In 2021, extensive contributions were made on the legal front in finalizing the terms of agreement with each respective bank.
Following the completion of the beneficiary trainings by end-2021, the BRAVE Women project in Nigeria expects to intensify its operations by the start of 2022. Three partner banks and BOI are expected to proceed with the vetting of the BCP advisors (approximately 540 expected from the total pool of trainees) after which the project shall proceed with the disbursing of the matching-grants and the monitoring of the proper utilization of the grants during the remainder of 2022 and early 2023.
3.2 ESTABLISHING TWO ISLAMIC WINDOWS IN SENEGAL AND MALI FOR BANQUE SAHÉLO- SAHARIENNE POUR L’INVESTISSEMENT ET LE COMMERCE (BSIC)
The Islamic finance industry has grown rapidly over the past decade and its systemic importance has increased globally, notably in ICD member countries. This trend
is expected to continue, driven by relatively unbanked market segments. The recent growth of Islamic finance has led to increased demand for ICD to provide a wide range of Shari’ah compliant financial solutions to meet the diverse needs of consumers and businesses in the global economy.
As part of its firm commitment to develop the Islamic finance industry in its member countries,
ICD offers tailored solutions to financial institutions to facilitate their integration process into Islamic finance
BRAVE Women Nigeria Launch and Promotional Workshop in Edo, Nigeria in July 2021
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