Page 69 - ICD AR21 EN
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ICD’s diverse Shari’ah compliant offerings are designed to cater to the specific needs of member countries across different industry sectors.
7.1 THREE GLOBAL BUSINESS
PRODUCTS
ICD has a unique position in that it offers three sets of Shari’ah compliant business products and services to its private sector clients in member countries. These global business products are mutually reinforcing and interrelated as shown in the diagram (right).
A. FINANCING & INVESTMENT PRODUCTS
ICD’s mandate to serve the private sector of member countries is carried out through a variety of different products. It provides both term financing and equity contribution to private sector greenfield projects or those that are undergoing expansion or modernization. ICD also extends short-term financing to cover working capital or procure raw materials with a tenor of up to 24 months. Furthermore, it extends lines of financing to commercial banks and local development financial institutions in member countries in order to indirectly finance their private sector companies including
SMEs. At the same time, it structures, arranges and manages syndication.
PRODUCTS
OUR PRODUCTS AND PROCESSES
FINA
ANCING & INVESTMENT
BC
ADVISORY ASSET SERVICES MANAGEMENT
STRONGER TOGETHER 67