ICD and Refinitiv, the leading global provider of financial markets data, are proud to present the findings of the seventh edition of the Islamic Finance Development Report: Shifting Dynamics. We hope that the analyses and information in the report, which is based on the Islamic Finance Development Indicator (IFDI), will serve as the most updated guide to the landscape of the Islamic finance industry for its various stakeholders.

World Bank’s Ease of Doing Business Index provides objective, quantitative measures of business regulations and the protection of property rights of local firms in 190 economies, out of which 50 are ICD member countries. The rankings are determined by sorting the aggregate scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. The source of the data is from Doing Business Report 2019, as of May 2018.

Development institutions are an invaluable part of the finance industry landscape, and in the first week of April the 44th Annual Meeting of the Islamic Development Bank Group (IsDB) took place, introducing the bank’s pioneering new five-year plan.

Integrated approach to inclusiveness

The Sustainable Development Goals (SDGs) face a key dilemma. Although major multilateral institutions like the World Bank and the other core multilateral development banks (MDBs) have played a leadership role in shaping the SDG financing framework, there is a significant misalignment between the structure of these institutions and SDG financing needs. Specifically, the SDGs put countries, not multilateral institutions or foreign donors, at the forefront in achieving desired outcomes.

Sustainably responsible leadership can support innovation when it balances and develops the required intelligence and the related capabilities

As part of the multilateral development banks’ (MDBs) commitment to the Billions to Trillions agenda and working towards achieving the SDGs, a group of MDBs published a harmonized framework for assessing additionality in their respective private sector operations (Additionality Framework).

In accordance with the Articles of Agreement and the by-laws of the Islamic Corporation for the Development of the Private Sector (ICD) and on behalf of the ICD Board of Directors, I am pleased to submit to the esteemed General Assembly the Eighteenth Annual Report of the ICD for the fiscal year covering the period 01/01/2017 - 31/12/2017.

The main purpose of this report is to communicate ICD’s development results and t

While Islamic finance is not new and has been practiced for centuries around the world, it is without doubt rising to greater prominence in the global financial system. Over the last decade or so, Islamic finance has rapidly expanded beyond predominantly Muslim emerging economies to major developed economies.

The Islamic finance industry has reverted to growth after a brief downturn caused by lo

In tackling its sustainability challenges, China has utilised a number of tools to help make the necessary adjustments. The process has begun primarily in areas where economic development is the most advanced, and has involved policies, innovative technological solutions, and awareness and engagement drives.

The first book relating 12 years of concrete situations in Islamic Finance

Islamic finance has enjoyed much success since its inception nearly four decades ago. I

ICD and Refinitiv, the leading global provider of financial markets data, are proud to present the findings of the seventh edition of the Islamic Finance Development Report: Shifting Dynamics. We hope that the analyses and information in the report, which is based on the Islamic Finance Development Indicator (IFDI), will serve as the most updated guide to the landscape of the Islamic finance industry for its various stakeholders.

World Bank’s Ease of Doing Business Index provides objective, quantitative measures of business regulations and the protection of property rights of local firms in 190 economies, out of which 50 are ICD member countries. The rankings are determined by sorting the aggregate scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. The source of the data is from Doing Business Report 2019, as of May 2018.

Development institutions are an invaluable part of the finance industry landscape, and in the first week of April the 44th Annual Meeting of the Islamic Development Bank Group (IsDB) took place, introducing the bank’s pioneering new five-year plan.

Integrated approach to inclusiveness

The Sustainable Development Goals (SDGs) face a key dilemma. Although major multilateral institutions like the World Bank and the other core multilateral development banks (MDBs) have played a leadership role in shaping the SDG financing framework, there is a significant misalignment between the structure of these institutions and SDG financing needs. Specifically, the SDGs put countries, not multilateral institutions or foreign donors, at the forefront in achieving desired outcomes.

The International Development Finance Club (IDFC), created in 2011, brings together 24 leading international, national and sub regional development banks from Africa, Asia, Europe, and Central and South America. At the One Planet Summit in Paris in December 2017, the IDFC, joined by the multilateral development banks, issued a joint statement on aligning their financial flows with the Paris Agreement.

Sustainably responsible leadership can support innovation when it balances and develops the required intelligence and the related capabilities

As part of the multilateral development banks’ (MDBs) commitment to the Billions to Trillions agenda and working towards achieving the SDGs, a group of MDBs published a harmonized framework for assessing additionality in their respective private sector operations (Additionality Framework).

Private Sector Factbook

The main purpose of this report is to communicate ICD’s development results and t

While Islamic finance is not new and has been practiced for centuries around the world, it is without doubt rising to greater prominence in the global financial system. Over the last decade or so, Islamic finance has rapidly expanded beyond predominantly Muslim emerging economies to major developed economies.

The Islamic finance industry has reverted to growth after a brief downturn caused by lo

In tackling its sustainability challenges, China has utilised a number of tools to help make the necessary adjustments. The process has begun primarily in areas where economic development is the most advanced, and has involved policies, innovative technological solutions, and awareness and engagement drives.

Islamic finance has enjoyed much success since its inception nearly four decades ago. I