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ICD Launches “Finnovation Award” to Recognize Innovative and Outstanding Financial Institutions

Article Cover of People in Office with Graphics on the Picture in Color
We are happy to share that our member Islamic Corporation for the Development of the Private Sector’s (ICD) has established Finnovation Award to recognize, showcase and encourage financial institutions that provide an outstanding solution to the financial industry.  
 
Finnovation awards are a part of their new online platform “Finnovation” which was launched recently to list and highlight successful innovations of Financial Institutions (FIs) and FinTech startups at a global level. The ICD Finnovation Award’s winners will be invited to join ICD in a very special ceremony during the IsDB Group’s Annual Meetings in June 2021. The award aims to promote leading financial institutions, provide them with the opportunity to exchange knowledge globally and also, provide them with chances to receive funding from ICD to scale up innovation.  
 
 
 
The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral development financial institution and is a member of the Islamic Development Bank (IsDB) Group. ICD was established in November 1999 to support the economic development of its member countries. ICD is Rated A2’ by Moody’s, ‘A’ by S&P and, A+ by Fitch. ICD establishes and strengthens cooperation and partnership relationships with an aim to establish joint or collective financing. ICD also applies financial technology (Fintech) to make financing more efficient and comprehensive.   

 

Islamic Banking