Headlines

Islamic Development Bank Group

Jaiz Bank secures m equity investment from Saudi Arabia’s ICD

Jaiz Bank secures $20m equity investment from Saudi Arabia’s ICD

NewsDesk07 mins

Non-interest financial institution Jaiz Bank Tuesday closed a $20 million equity investment deal with the Islamic Corporation for the Development of the Private Sector (ICD) to back its operations in Nigeria. A subsidiary of the Islamic Development Bank (IsDB), based in Saudi Arabia’s financial hub Jeddah, ICD provides financing for projects and explores equity participation…

Read More
OPEC forum harp on derisking capital to support development finance

OPEC forum harp on derisking capital to support development finance

Yusuf Issa An-Nuphawi07 mins

Global development financiers attending this year’s Organisation of Petroleum Exporting Countries (OPEC) Fund’s forum in Vienna, Austria, have pledged a strong commitment to remodel their investments to support green projects at scale. The delegates, representing multilateral development banks and intergovernmental institutions, said business and political leaders must do more to stimulate capital deployment from the…

Read More