IslamicMarkets and ICD Partner to Support Knowledge Development in the Global Islamic Economy

London and Jeddah, 25 August 2021: IslamicMarkets Limited (“IslamicMarkets”) and the Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of the Islamic Development Bank Group, have signed a Memorandum of Understanding (“MoU”) for a strategic collaboration aimed at the advancement of the global Islamic economy.

The MoU was signed by Ayman Sejiny, Chief Executive Officer (“CEO”) of ICD and Shakeeb Saqlain, CEO of IslamicMarkets. The two parties, through this partnership, are looking to support professionals, businesses and institutions operating in the Islamic economy with latest market insights and knowledge development.

This collaboration will see the inaugural launch of the IslamicMarkets Briefing Series, an exclusive broadcast of breakthrough insights, industry highlights and latest news. The groundbreaking initiative will be a major step towards connecting the Islamic economy globally through knowledge transfer and supporting practitioners in their day-to-day roles.

Ayman Sejiny, CEO of ICD, stated that the partnership with IslamicMarkets will help member countries achieve their long-term development goals. A concerted effort needs also to be exerted to uphold strong moral and ethical standards. "We believe that this collaboration will enhance our reputation as a trusted long-term partner towards contributing to the development of the economies of our member countries through private sector development," he added.

Shakeeb Saqlain, CEO of IslamicMarkets, said: Since its launch, IslamicMarkets has seen remarkable growth, as we help professionals and businesses unlock commercial opportunities. The IslamicMarkets Learning platform today has over 300+ industry-led modules. We are delighted to be partnering with ICD on the IslamicMarkets Briefing Series, and more broadly, harmonising the global Islamic economy and capacity building efforts.

About IslamicMarkets

IslamicMarkets.com is the world's leading financial intelligence, knowledge development and collaboration platform for the global Islamic economy.

With IslamicMarkets Enterprise, professionals and institutions can access industry-led learning content and a wide range of actionable content and tools from Sukuk markets to daily market news and the opportunity to connect with the largest network of professionals and institutions from various Islamic financial markets.

Tailor your experience on the platform based on your business needs and objectives and deploy the platform’s suite of learning and analytical tools to better understand opportunities in global Islamic markets.

About ICD

ICD is a multilateral development financial institution and is part of the Islamic Development Bank (IsDB) Group.

Its aim is to foster sustainable economic growth in its 55 member countries by financing private sector investment, mobilizing capital in the international financial markets, and providing advisory services to businesses and governments. ICD financing projects are selected on the basis of their contribution to economic development, considering factors such as job creation, Islamic finance development, and contribution to exports, among others.

ICD also provides advisory services to governments and private sector groups on policies designed to encourage the establishment, expansion and modernization of private enterprises, development of capital markets, best management practices, and enhance the role of the market economy.