icd-idb.org - Islamic corporation for the Development of the private sector

Further to the 6th Conference of the Ministries of the Awqaf and Islamic Affairs where the issues relating to the management of Awqaf properties were discussed, the organs of the Organization of Islamic Conference (OIC) were encouraged to assist in coordinating solutions.

Thus, the IsDB took the initiative to establish an Investment Fund for the Development of Awqaf in order to fill the financing gap and help OIC member countries that aim to preserve and enhance Awqaf properties by providing and arranging finance for their development.

In this context, the IsDB requested consultancy firms along with ICD to submit proposals to undertake a feasibility study to assess the market potential for a dedicated Awqaf Fund and determine the viability of the Fund.

The study was a pre-requisite for IsDB to commit its resources and mobilize extra resources from other investors to the Fund. After evaluating the various proposals, IsDB awarded the assignment to ICD for USD 100,000.

Further to the submission of the feasibility study by ICD, a committee consisting of IsDB and other Potential investors approved the creation of the Fund.


			•Sodegrain Flour Mill Project. •Al Hadha Grain Handing & Silos. •Line of Financing: Byblos Bank SAL. •JamJoom Pharma Expansion Project. • Plastic Packaging Expansion Project (Daboul). • Glass Containers Project (GCC). • SabaFon Expansion Project. • Dairy Plant Project (ICFI). • Injazat Technology Fund. • The International Islamic Rating Agency (IIRA) • Middle East Healthcare Company (MEAHCO) • Thuraya Satellite Telecom Company • Jamjoom Pharma • Advisory Services Feasibility Study for the Investment Fund for the Development of Awqaf • Adritec Private Placement • Sudatel Telephone Exchanges Project • Jordan Pharmaceutical Company • Al-Ahlia Mineral Water Company • Syrian Saudi Chemicals Company



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