LYST Technologies (“LYST”) is a leading System Integrator of world-class business solutions. We develop, deliver and support innovative software and services that harness 21st century technologies in new and different ways to help our customers manage their organizations effectively and drive down the costs of doing business by leveraging our industry-wide experience, deep technology expertise, comprehensive portfolio of services and vertically aligned business model.
Based out of the Kingdom of Bahrain with offices across multiple geographies, LYST main focus covers specialized technology solutions and services centered platforms in the OIC. LYST is a subsidiary of Catalyst Group a wholly owned subsidiary of the Islamic Corporation for the Development of the Private Sector (ICD) a leading multilateral and a member of the Islamic Development Bank Group; LYST main focus is to empower and support the development and growth of the Islamic Finance industry by helping the Islamic Financial institutions to digitize, deliver, oversee and support them in their technology transformation journey globally.
In today’s world, organizations will have to rapidly reengineer and digitize themselves and be more responsive to ever changing customer needs and business requirements. LYST is best positioned to be the technology partner and co-innovator to businesses. LYST provides leading edge Technology solutions that address the ever-changing needs and demands of the Islamic Financial Sector; Being a trusted technology partner of choice for global businesses, LYST is recognized for its innovative approach towards delivering maximized business value and its commitment to continuous sustainability.
The Islamic Development Bank Group
The Islamic Development Bank Group (IDB Group) is a multilateral development finance institution established in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah in DhulQ’adah 1393H, corresponding to December 1973. The Inaugural Meeting of the Board of Governors took place in Rajab 1395H, corresponding to July 1975, and the Bank was formally opened on 15 Shawwal 1395H corresponding to 20 October 1975. The purpose of the Bank is to foster the economic development and social progress of member countries and Muslim communities individually and collectively in accordance with the principles of Shari’ah (Islamic Law).
The IDB Group comprises five entities , namely:
(i) Islamic Development Bank (IDB);
(ii) Islamic Research and Training Institute (IRTI);
(iii) Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC);
(iv) Islamic Corporation for the Development of the Private Sector (ICD);
(v) International Islamic Trade Finance Corporation (ITFC).
For more details please visit: www.isdb.org
The Islamic Corporation for the Development of the Private Sector
The Islamic Corporation for the Development of the Private Sector (“ICD”) is a multilateral development financial institution and is part of the Islamic Development Bank (“IDB”) Group.
ICD was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to the governments and private companies and encouraging cross border investments.
ICD has an authorized capital of $4 billion. Currently, the shareholders of ICD are the IDB, 52 Islamic countries and five public financial institutions.
ICD fosters sustainable economic growth in its 52 member countries by financing private sector investment, mobilizing capital in the international financial markets, and providing advisory services to business and governments. ICD financing projects are selected on the basis of their contribution to economic development considering factors such as job creation, Islamic finance development, contribution to exports etc. ICD also provides advisory services to governments and private sector groups on policies designed to encourage the establishment, expansion and modernization of private enterprises, development of capital markets, best management practices and to enhance the role of the market economy. ICD operates to complement the activities of the IDB in member countries and also that of national financial institutions.
For more details please visit: www.icd-ps.org
The Catalyst Group
The Catalyst Group (“Catalyst”) is a Saudi Arabian based company established in 2009 and is a wholly owned subsidiary of the ICD. Catalyst is focused on building, launching and managing Islamic financial institutions. Catalyst, through its Financial Platforms division, recently has launched the national mortgage company of Saudi Arabia, a mezzanine financing company for residential real estate development, and the largest SME mezzanine fund in Saudi Arabia. Catalyst also provides real estate advisory services (REDS) to assist developers and landowners with real estate projects globally. The company is designed to provide Technical Advisory Services with utilizing a “Practitioner’s Approach” through its management team who are proven leaders with established track-records from the industries we serve.
For more details please visit: www.Catalystgroup360.com