Islamic Corporation for the Development of the Private Sector (ICD)
Mohammed AlAmmari has extensive work experience in the field of audit and internal audit. Mohammed started their career at The National Commercial Bank - AlahliNCB in 1995, where they held various positions such as Audit Section Head, Audit Manager, and VP, Senior Audit Manager. In 2011, they joined the Islamic Corporation for the Development of the Private Sector (ICD) as the Director of Internal Audit. Mohammed AlAmmari is a certified public accountant (CPA), a member of the Saudi Organization for Certified Public Accountants (SOCPA), a certified internal auditor (CIA), a certified management accountant (CMA), a certified financial manager (CFM), and a certified business appraiser (CBA).
Mohammed AlAmmari holds a Bachelor of Science (B.Sc.) degree in Accounting from King AbdulAziz University. Mohammed also has completed two Master of Science (M.S.) degrees, one in Accounting and another in Finance, from Gies College of Business - University of Illinois Urbana-Champaign. Furthermore, Mohammed AlAmmari has obtained several certifications including CPA, SOCPA, CIA, CMA, CFM, CBA, CFE, CCSA, and CBM, although the specific educational institutions for these certifications are not provided.
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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