Islamic Corporation for the Development of the Private Sector (ICD)
Muhammad Hasan Mahmud, CFA has a comprehensive and diverse work experience in the field of risk management, credit assessment, and finance. Muhammad Hasan began their career in 1999 as an Assistant Manager at IDLC Finance Limited, where they evaluated the credit worthiness of clients and prepared financing proposals. In 2001, Mahmud joined Standard Chartered Bank as a Manager in Syndications & Structured Finance, leading a team in origination and execution of various debt capital market deals.
In 2005, Mahmud joined the Islamic Development Bank (IDB) and held several roles, including Structured Finance Specialist, Senior Investment Officer in the Public Private Partnership (PPP) Division, and Manager for the AFFI Initiative. During their time at IDB, they managed PPP transactions, mobilized financing for cross-border projects, and was involved in the establishment of the private sector operations.
Since 2014, Mahmud has been with the Islamic Corporation for the Development of the Private Sector (ICD). Muhammad Hasan served as the Division Head of Credit Risk in the Risk Management Department, where they assessed credit risks of new transactions and chaired the Investment Committee Secretariat. Currently, Mahmud is the Acting Director of the Risk Management Department at ICD, overseeing credit risk assessment and monitoring, market risk, and compliance and operational risk. Muhammad Hasan also leads the development and maintenance of a comprehensive risk management framework and prepares for annual rating reviews by rating agencies.
Throughout their career, Mahmud has demonstrated expertise in risk management, credit assessment, and origination of financing deals. Muhammad Hasan has worked on high-profile projects and received awards for their contributions, such as the IDB Innovation Award for their work on the AFFI Initiative.
Muhammad Hasan Mahmud, CFA has a diverse education history. In 1997 to 1999, they obtained a Master of Business Administration (MBA) degree from the Institute of Business Administration, University of Dhaka. In 2006, they completed the Executive Development Program in Project Appraisal and Risk Management at Duke University. In 2009, they participated in the Leadership Development Program of Islamic Development Bank at SDA Bocconi. In 2010, they attended the John Deutsch International Executive Program at Queen's University, focusing on Investment Appraisal and Risk Analysis. Lastly, in 2013, they pursued Executive Education at Harvard Kennedy School, concentrating on Public Private Partnership in Infrastructure. Additionally, Mahmud holds certifications such as Certified Islamic Banker (CIB) from the General Council for Islamic Banks And Financial Institutions (CIBAFI), as well as the Chartered Financial Analyst (CFA) designation from the CFA Institute. Muhammad Hasan also obtained the Credit Skills Assessment certification from Standard Chartered Bank.
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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