ICD Signs $10 Million Financing Agreement with Uzbekistan's Anorbank

   Jeddah, November 5, 2026, SPA -- The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB) Group, has signed a $10 million Shariah-compliant financing agreement with Uzbekistan's Anorbank.
   Signed at the IsDB Group headquarters in Jeddah, the agreement aims to support eligible private sector projects in Uzbekistan, including small and medium-sized enterprises (SMEs) and larger corporations operating in the country.
   The financing agreement seeks to channel financial resources into key productive sectors of the economy in accordance with Shariah principles and the shared development objectives of ICD and Uzbekistan.
   The financing reflects ICD's commitment to expanding access to Shariah-compliant financial services in Central Asia through cooperation with Anorbank, a digital banking institution serving retail and SME customers.
   The initiative aims to direct financial resources toward businesses capable of creating meaningful employment opportunities and contributing to sustainable economic growth. Targeted support for SMEs plays a vital role in strengthening the private sector and broadening economic participation across Uzbekistan.
   ICD's development mandate focuses on stimulating private sector growth and improving livelihoods in member countries through innovative Islamic financing solutions.
   The financing program with Anorbank is intended to support job creation and entrepreneurship in Uzbekistan, in line with ICD's broader strategic objectives of promoting inclusive and sustainable economic development across IsDB Group member countries.
   -- SPA