Page 120 - ICD-AR22-English

Notes to the Separate Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2022
22 OTHER INCOME
Fair value gain/ (loss) on Islamic derivatives net of exchange loss Management and advisory fees
Other
4,335,075
6,017,498 8,418,112
(272,816)
10,972,991 -
31 December 2022 USD
31 December 2021 USD
18,770,685
10,700,175
23 RELATED PARTY TRANSACTIONS AND BALANCES
Related parties represent subsidiaries, associated companies, members, directors and key management personnel of the Corporation, and entities controlled, jointly controlled or significantly influenced by such parties. Pricing policies and terms of these transactions are approved by the Corporation's management.
23.1 The following are the details of major related party transactions entered during the year:
Related parties
Nature of Transactions
31 December 2022 USD
31 December 2021 USD
Islamic Development Bank Group
Al Majmoua Al Mauritania
Maldives Islamic Bank
ICD Fixed Income Limited
Ijarah Management Company
Money Market Fund
Rent & pension (note a) 1,455,926
Advance -
4,421,047
86,284
186,527
665,786
-
-
Sale of Shares
Management fee
Proceeds from sale of shares
Management Fee
781,634
349,038
1,113,097
259,067
118 ICD ANNUAL REPORT 2022