Wednesday 11, July 2018 by Kudakwashe

ICD signs a $7 million loan facility with Trustbank


The loan is a first Shari'ah-compliant line facility for Trustbank, which will enable the bank to offer Shari'ah-compliant products along with other banking services.


Islamic Corporation for the Development of the Private sector (ICD) has signed a line of financing agreement for a $7 million facility with Trustbank.

The $7 million Shari'ah-compliant line of financing facility will be utilised by Trustbank to provide financial support to private sector, including small and medium enterprises (SME) in Uzbekistan through Islamic modes of financing.


Features & Analyses

Wealth Management Why is there no inflation?

  Mark Burgess, Deputy Global CIO & CIO, EMEA, Columbia Threadneedle Investments, writes about one of the biggest questions… read more