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ICD provides a wide variety of financial products from
which its clients can choose. This enables ICD to offer a mix
of financing that is tailored to meet the needs of each project.
Some of these products are:
Direct
Financing
ICD direct financing is implemented through the subscription
and purchase of shares, the purchase of assignable bonds or provision
of term financing in productive and viable projects or companies
operating in member countries. As a general policy, ICD shall
not be the single largest shareholder in any project or shall
it acquire a majority or controlling interest in the share capital
of a project or enterprise except when it is necessary to protect
its interest.
Asset
Management
ICD acts as a manager (Mudarib) or sponsor for funds
created by other institutional investors. It can create venture
capital or sector funds for financing of projects investing in
companies.
Structured
Finance
ICD structures, arranges and manages syndications;
underwrites and manages shares and securities issues; makes private
placements; and also carries out securitizations for its clients.
Advisory
Services
ICD provides advisory services to governments, public
and private companies on economic, financial, institutional, and
legal aspects relating, inter alia, to creating a suitable environment
for private sector development, project financing, restructuring/rehabilitation
of companies, privatization, securitization, Islamic finance and
development of Islamic capital markets.
Eligibility
Criteria
All productive or service activities
that are legal, Shari'a compliant, financially profitable, economically
viable and contribute to the development of the member countries
are eligible for ICD financing as long as the public ownership
of the project does not exceed 49% of the voting stock and the
majority of the voting power is held by investors from member
countries. Further, all sectors are eligible with the exception
of recreation and defense.
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