ICD - IDB Group Business Forum - THIQAH
ICD - IDB Group Business Forum - THIQAH
ICD - IDB Group Business Forum - THIQAH
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Promoting SME Development via Shariah-compliant Line of Finance<br />
INVESTORS<br />
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<strong>ICD</strong>’s disburses line of financing against guarantees from<br />
the financial institutions<br />
Financial institutions disburse medium term financing to<br />
SMEs for expansion, working capital, etc.<br />
4<br />
3<br />
4<br />
SMEs pays their medium term financing and the financial<br />
institutions will repay <strong>ICD</strong> for the line of financing<br />
Other investors may participate in the line of financing by<br />
appointing <strong>ICD</strong> as the Investment Agent.<br />
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The result of this program was that <strong>ICD</strong> helped:<br />
• Expand SME lending in the CIS and South East<br />
Asia regions.<br />
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SME Clients<br />
2<br />
3 2<br />
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2<br />
SME Clients<br />
SME Clients<br />
• Provided financing to 54 SMEs in five member<br />
countries (Azerbaijan, Kyrgyz Republic, Tajikistan,<br />
Uzbekistan and Mauritania) and over 5,000<br />
motorcycles were financed by PT Mandala<br />
Multifinance for the use of small family<br />
businesses in Indonesia.<br />
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