Page 48 - ICD AR21 EN

ICD is a member of the
recently launched SME Finance Virtual Marketplace which promotes partnership with leading fintech, financial institutions, and investors.
United Nation Development Program (UNDP) - In September 2021, ICD organized a knowledge sharing session between the UNDP Istanbul Office and the Deputy
General Manager of United Gulf Financial Services, UGFS (North Africa) to assist UNDP in collecting
data for their study on "The Impact Investing Ecosystem in Tunisia" to assess the general potential of the impact investing market inTunisia and to identify the main stakeholders, opportunities and challenges
in the development of an Impact Investing ecosystem in Tunisia.
Libyan Stock Market - In September 2021, ICD organized a virtual workshop to promote ICD’s Sukuk advisory
services, on “Sukuk Denominated in Local Currency” in collaboration with the Libyan Stock Market (LSM). The workshop was attended by various commercial and Islamic banks in Libya. The focus of the workshop was to support and assist the Libyan Stock Market to find
an Islamic alternative to treasury bills and an Islamic product for managing financial surpluses in liquidity. This is in light of the current increase in the number of Islamic banks and Islamic windows emanating from traditional banks. The workshop also dealt with ICD’s methodology in developing Islamic products for money and financial markets, sukuk structures, asset selection criteria, sukuk pricing mechanism, and bidding for
local sukuk. The workshop was very successful and benefited from a large specialized audience.
46 ICD ANNUAL REPORT 2021