TIF and ICD signed USD 50 million Islamic Co-Financing Program
TIF and ICD signed USD 50 million Islamic Co-Financing Program
On 17 June 2026, during the 2026 Annual Meetings of the Islamic Development Bank Group in Baku, the Turkic Investment Fund (TIF, the Fund) and the Islamic Corporation for the Development of the Private Sector (ICD), a member of the IsDB Group, signed a Managed Islamic Co-Financing Program (MICFP).
The signing ceremony was witnessed by H.E. Dr. Muhammad Sulaiman Al Jasser, Chairman of the Islamic Development Bank Group; H.E. Baghdad Amreyev, President and Chairman of the Board of Directors of TIF; and H.E. Mikayil Jabbarov, Minister of Economy of the Republic of Azerbaijan and Governor of TIF.
This first TIF-ICD partnership establishes TIF as an anchor institutional partner in ICD’s capital mobilization platform.
The MICFP will support closer cooperation between TIF and ICD in private-sector financing, project identification, and investment opportunities across their common member countries.
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