IslamicFinance.de

The Islamic Corporation for the Development of the Private Sector (ICD) and OJSC Agroinvestbank of the Republic of Tajikistan have signed a memorandum of understanding for cooperation to consider extension of a line of financing facility to OJSC Agroinvestbank as part of the country program allocation of $25 million for Tajikistan. The line of financing facility will be extended by OJSC Agroinvestbank to the SMEs sector to project’s in industrial, communication, technology, health, construction and agricultural sectors. Khaled Al-Aboodi, CEO and general manager of ICD, said the SME sector is important in all the member countries, including the higher income ones. ICD is now focusing on this sector by extending lines of finance to local banks in addition to the establishment of ASR Leasing Company in Tajikistan.