Islamic Corporation for the Development of the Private Sector (ICD)
Mostafa El Eskandarany, CFA has significant work experience in the finance industry. Mostafa currently serves as the Lead Principal at the Islamic Corporation for the Development of the Private Sector (ICD) since June 2018. Prior to this, they worked at the Trade and Development Bank - TDB as a Young Professional in the Portfolio Management Department from January 2017 to June 2018.
Before joining TDB, Mostafa worked at Beltone Financial where they held the position of Investment Banking Senior Associate from May 2014 to September 2016. Mostafa also briefly served as an Investment Banking professional at Beltone Financial from May 2014 to August 2014.
Mostafa's career began at Arab African International Bank as a Financial Analyst with a focus on Investment Banking from September 2012 to May 2014. Mostafa gained early professional experience at EY as a Business Analyst in the Transaction Advisory Services division from June 2010 to August 2012.
Mostafa El Eskandarany, CFA holds a Bachelor of Accounting from The American University in Cairo, obtained in the years 2006 to 2010. Mostafa further pursued a Master of Science (MSc) in Finance and Investment from Durham University Business School, completed in 2014 to 2015. Mostafa also holds several additional certifications, including a Chartered Financial Analyst (CFA) designation from the CFA Institute, obtained in the year 2023. Furthermore, they have obtained certificates in the High Potential (Hi-Po) Program from brainquil and Business Strategy & Financial Performance from INSEAD, both acquired in the year 2020.
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Islamic Corporation for the Development of the Private Sector (ICD)
The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral organization affiliated with the Islamic Development Bank (IsDB). Its authorized capital stands at USD 4 billion, of which USD 2 billion is available for subscription. Its shareholders consist of the IsDB, 55 member countries and five public financial institutions. Headquartered in Jeddah, ICD was established by the IsDB Board of Governors during its 24th annual meeting held in Jeddah in Rajab 1420H (November 1999). The mandate of ICD is to support the economic development of its member countries by providing financial assistance to private sector projects in accordance with the principles of Shari’ah, aimed at creating employment opportunities and enhancing their export potential. Furthermore, ICD has the mandate of mobilizing additional resources for projects and encouraging the development of Islamic finance. It also attracts co-financiers for its projects and provides advice to governments and private sector groups on policies aimed at encouraging the establishment, expansion and modernization of private enterprises, the development of capital markets, best management practices, and the enhancement of the role of market economy. ICD’s operations complement the activities of IsDB in member countries and also those of national financial institutions. #ICD_PS #ICD #IslamicFinance