IslamicFinance.de

Through its member organization Islamic Corporation for Development of the Private Sector (ICD), the Islamic Development Bank (IDB) has started replicating the schemes tested in co-operation with Azerbaijan.
The IDB reports that ICD general manager Khaled Al-Aboodi and chairman of the State Bank for Foreign Economic Affairs of Turkmenistan Ragimberdi Jepbarov signed the Memorandum of Understanding (MOU) on development co-operation.
The Memo has a focus on the development of the private sector, especially small- and medium-size enterprises, financial sector, agriculture, logistics, construction of affordable housing, services and manufacturing industries. The IDB will also render technical assistance and consultations within the framework of Islamic financing.