The ICD is the private sector arm of the Islamic Development Bank Group (IDBG).
The roundtable provided guidance to MBDs on the complexities of navigating regulatory and other key requirements in asset management investing under Islamic finance law. It discussed best practices for asset management and jurisdictional considerations for MBDs, including: an overview of the asset management landscape; asset management structuring themes and considerations; the economics of fund arrangements; and a comparative analysis of regulatory requirements associated with some fund structures available in certain jurisdictions.
The roundtable, which took place on July 5, 2022, was led and moderated by Mark Pedretti, Reed Smith’s global chair of private equity and Executive Committee member. Panelists included Reed Smith partners Claude Brown, Tim Dolan, Shervin Shameli, Adela Mues and Waseem Khokhar.
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ICD is a multilateral financial institution with a mandate to support the economic development of its member countries through the provision of finance and investment to private sector entities (in accordance with principles of Shariah). ICD also provides advisory services and technical assistance to governments and private organizations to encourage the establishment, expansion and modernization of private enterprises.