ICDPS

On the sidelines of the IsDB Group Annual Meetings and the Private Sector Forum, ICD organized a side event under the theme:

“Connecting SMEs to Regional Value and Supply Chains.”

The session brought together key stakeholders to address the operational barriers that limit SMEs’ ability to participate reliably in regional supply chains, particularly in areas such as order ex*****on, cost, compliance, delivery timelines, and cross-border predictability.

Discussions focused on practical solutions, including Shariah-compliant Lines of Finance aligned with real commercial cycles, digital trade facilitation measures, and logistics coordination to strengthen SME connectivity to regional markets.

Through this dialogue, ICD reaffirmed its commitment to supporting SME growth, expanding market access, and deepening economic integration across IsDB member countries.

Watch the session: https://bit.ly/4xASAY5

During the Private Sector Forum in Baku, ICD and Azerconnect Group signed a mandate letter for a USD 20 million Shariah-compliant facility to support Azerconnect Group’s capital expenditure program and telecom infrastructure expansion in Azerbaijan.

The proposed facility will contribute to strengthening Azerbaijan’s telecom infrastructure, supporting the country’s digitization agenda, and enabling further development of essential digital services. It also reflects ICD’s continued commitment to mobilizing Islamic finance for strategic sectors that drive private sector growth, job creation, economic diversification, and sustainable development.

Read more: https://icd-ps.org/en/news/icd-signs-mandate-letter-with-azerconnect-group-for-a-usd-20-million-shariah-compliant-financing-to-advance-telecom-infrastructure-in-azerbaijan