Connect with us

SPORTS

Signing of agreement between Islamic Corporation for the Development of Private Sector (ICD) and I-FinTech Solutions (IFTS) to implement new technology solutions Signing of agreement between Islamic Corporation for the Development of Private Sector (ICD) and I-FinTech Solutions (IFTS) to implement new technology solutions (1) APO Group – Africa-Newsroom: latest news releases related to Africa

Published

on

[ad_1]

Signing of agreement between Islamic Corporation for the Development of Private Sector (ICD) and I-FinTech Solutions (IFTS) to implement new technology solutions The partnership between ICD and IFTS involves a pipeline of Fintech products that will be developed and implemented to mainly solve the Liquidity management issues TUNIS, Tunisia, December 2, 2018/APO Group/ — Tunis on the 29th of November 2018, The Islamic Corporation for the Development of Private Sector (ICD) (www.ICD-ps.org), the private sector arm of Islamic Development Bank Group (IsDB) has signed an investment agreement with I-FinTech Solutions (IFTS) company in Tunisia to collaborate in developing FinTech solutions and implement these technologies in the Islamic Banks worldwide. The partnership between ICD and IFTS involves a pipeline of Fintech products that will be developed and implemented to mainly solve the Liquidity management issues. The first product in the pipeline is a real time transactional platform which facilitates transacting of a real commodities (serving as a commodity market) and to solve the inter-banking issues between conventional and Islamic banks in a shari’ah compliant way. The use of blockchain in this (ALM) product will reduce both (i) the overall execution time and (ii) cost of the financial and commercial transaction. It also addresses the issues and challenges related to transparency and traceability of the financial transactions. Mr Ayman Sejiny, CEO of ICD commented: “IT will always play an important role for the financial system. We will consistently pursue our strategy of service orientation and help our partners with innovative Sharia compliant FinTech solutions.” Mr Mohamed Anouar Gadhoum, CEO-Founder of IFTS added: “we are keen to work with ICD in the Fintech industry to promote the i-Trade Platform >> and help the banking sector through providing innovative solution to operate and supply better services for the final user and clients”. Distributed by APO Group on behalf of Islamic Corporation for the Development of the Private Sector (ICD).

About ICD:

A member of the Islamic Development Bank (IsDB) Group, the ICD (www.ICD-ps.org) supports economic development and promotes the development of the private sector in its member countries through providing Shariah-compliant finance facilities and/or investments.

ICD also provides advice to governments and private organizations to encourage the establishment, expansion and modernization of private enterprises.

For more information, please visit www.ICD-ps.org

About IFTS:

I-FinTech Solutions (www.IFTS.com.tn) is a bespoke Tunisian- based Advisory firm that provides alternative financial solutions. The main objective of IFTS is to empower and support the development and growth of the Islamic finance industry (mainly in Africa) by assisting financial institutions (conventional & Islamic) in the establishment of innovative financing instruments based on technology.

IFTS provides a variety of services namely, (i) consultancy & advisory in Islamic finance and financial technology, and (ii) Executive Training in the aforementioned sectors in collaboration with its sister company IIFTI (The International Islamic Finance Training Institute).

For more information, please visit www.IFTS.com.tn



[ad_2]

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

SPORTS

Buhari appoints Amokachi as SA on sports

Published

on

Buhari appoints Amokachi as SA on sports

Former Super Eagles player and Nigerian Football Ambassador, Daniel Amokachi, has been appointed as Special Assistant on Sports to President Muhammadu Buhari.

“I am pleased to inform you that Muhammadu Buhari, President of the Federal Republic of Nigeria has approved your appointment as Special Assistant on Sports,” the appointment letter dated August 17, 2020, and signed by the Secretary to the Government of the Federation Mr. Boss Mustapha, reads in part.

As special assistant on sports, Amokachi is expected to advise the President on all sports matters.

The former Everton of England forward, who was earlier in the year named Nigeria’s Football Ambassador, is expected to mentor youngsters and promote the game at the grassroots.

Nicknamed “The Bull”, Amokachi began his career in Kaduna with Ranchers Bees Football Club of Kaduna, played for Club Brugge of Belgium, Besiktas of Turkey, Everton of England and Colorado Rapids.

He played in two World Cup finals, USA 1994 and France 1998. He was a member of Nigeria’s 1994 African Cup of Nations winning team and won the 2013 edition in South Africa as assistant to the late Coach Stephen Keshi.

Amockachi also won Gold with team Nigeria in the Football event of the Atlanta 1996 Olympics.

Continue Reading

SPORTS

Tennis: Djokovic confirms US Open participation

Published

on

Tennis: Djokovic confirms US Open participation

Novak Djokovic confirmed on Thursday he will play at the US Open, ending speculation about his presence at the first Grand Slam tournament since the season restarted following the coronavirus-enforced shutdown.

“I’m happy to confirm that I’ll participate at #CincyTennis and #USOpen this year,” the 33-year-old world number one tweeted.

“It was not an easy decision to make with all the obstacles and challenges on many sides, but the prospect of competing again makes me really excited,” added the 17-time Grand Slam champion.

The US Open gets underway behind closed doors in New York on Monday August 31, with Djokovic arriving in the United States on Saturday to tune up in the Western and Southern Open, which is normally played in Cincinnati but has been moved to New York this year.

His decision to take part is a major boost for the US Open after a host of headline names pulled out.

Djokovic makes his competitive return after being heavily criticized for hosting a charity tennis event in the Balkans in June at which he and a raft of players tested positive for COVID-19.

Continue Reading

SPORTS

Sam Okwaraji: NFF begins process to retire Eagles No.6 jersey

Published

on

Sam Okwaraji: NFF begins process to retire Eagles No.6 jersey

The Nigerian Football Federation (NFF) is pondering a move to retire the Super Eagles No.6 jersey previously worn by the late Sam Okwaraji, The PUNCH reports.

NFF President Amaju Pinnick made this known during an interview on a radio programme Sports Salsa, which was aired on Kennis 104.1 FM on Wednesday.

Okwaraji died of congestive heart failure minutes after he slumped during a 1990 World Cup qualifier between Nigeria and Angola on August 12, 1989, inside the main-bowl of the National Stadium, Lagos.

The game ended 1-0 in favour of the Eagles.

“Someone made a proposal about retiring the jersey (No.6) at the start of the year and I think it is not too much for us to do that,” Pinnick said.

“I will forward the proposal to the executive committee for implementation because it has been said already. So, we will see how we can retire that shirt in honour of a great patriot (Samuel) Okwaraji.

“His (Okwaraji) death was very tragic because he was a player who showed dexterity, professionalism and maturity each time he played for the Eagles.”

Continue Reading

Trending