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Investment
Products
The major investment products of ICD are as follows:
i. Equity: participating in
investment through modes such as share capital (Musharaka) and
profit sharing with declining participation.
ii. Term financing : such
as leasing, installment sale, istisna'a, salam, parallel salam
and murabaha.
iii. Quasi-equity : in the
form of term financing convertible into equity at some stage of
the project life.
Currency
Denomination
The US Dollar is the currency of account of ICD and its financing
will be extended in either US dollars or in any other convertible
currency.
Eligibility
Criteria
Countries: All member countries
of ICD.
Sectors: All sectors with
the exception of recreation and defense.
Clients: The client must operate
in an ICD member country and the majority of its share capital
should be owned by the private sector entities of ICD member countries.
Activities: All productive
or service activities that are Shari'a compliant, legal, and have
a developmental impact.
Ownership:
Investment can only be made in privately owned companies or in
companies where the government ownership does not exceed 49% of
the voting stock.
Types of Projects: Both greenfield
or expansion projects may be considered as well as cross-border
investment within ICD member countries.
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