APO | 23 February 2021
Signing of a USD 25 Million Line of Financing Agreement between the Islamic Corporation for the Development of the Private Sector and JSCB “Uzbek Industrial and Construction Bank”
Mr. Ayman Amin Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org), and Mr. Sakhi Annaklichev, the Chairman of the Management Board of Uzbek Industrial and Construction Bank (JSCB), signed a USD 25 Million Shari’ah-compliant Line of Financing Agreement which will be utilized by JSCB to local finance private sector businesses, especially Small… Read more on https://icd.africa-newsroom.com/press/signing-of-a-usd-25-million-line-of-financing-agreement-between-the-islamic-corporation-for-the-development-of-the-private-sector-and-jscb-uzbek-industrial-and-construction-bank?lang=en
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Mr. Ayman Amin Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org), and Mr. Sakhi Annaklichev, the Chairman
Mr. Ayman Amin Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org), and Mr. Sakhi Annaklichev, the Chairman of the Management Board of Uzbek Industrial and Construction Bank (JSCB), signed a USD 25 Million Shari’ah-compliant Line of Financing Agreement which will be utilized by JSCB to local finance […]
The Chief Executive Officer of the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDBG), Mr. Ayman Amin Sejiny and the Chairman of the Management Board of Turonbank, Mr. Chori Sadibakosovich Mirzaev, have signed an Advisory Services Agreement in relation to launching of an Islamic window at the bank.
The intended Islamic window will create an opportunity for Turonbank to be one of the foremost wholly profit-sharing Islamic Windows, offering Islamic products and services in Uzbekistan. As a result, the bank will diversify its products, funding sources and increase its profits.