What we do
We fund projects that are aimed at creating competition, entrepreneurship, employment opportunities and export potential. We also bring additional resources to projects, encouraging the development of Islamic finance, attracting co-financiers and advising governments and private sector groups on how to establish, develop and modernize private enterprises and capital markets. We advise on best management practices and enhancing the role of the market economy.
Facts
& numbers
In 2019, ICD marked two decades of achievements which are advancing the private sectors of our member countries. In commemoration of this 20th anniversary milestone, we look back through our journey to explore how we helped to secure our member countries’ development agendas over the years, and pay tribute to those who have contributed to ICD’s legacy.
latest news
MOODY'S RATED ICD A2 ISSUER WITH STABLE OUTLOOK
Moody's Investors Service ("Moody's") has affirmed recently, that the Islamic Corporation for the Development of the Private Sector's (ICD) A2 issuer rating with stable outlook. The stable outlook reflects Moody's view that ...
SENEGAL ISSUES XOF 330BN SUKUK
Dakar, 08 June 2022 – The Republic of Senegal, through the Société Nationale de Gestion et d’Exploitation du Patrimoine Bâti de l’État (SOGEPA SN) , sold XOF 330bn (around USD 525.4m) in three-tranche Sukuk Ija ...
ICD and Union of Banks of Kyrgyz Republic held a webinar on viable alternative financing tools
Bishkek, 18 May 2022: The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB) Group, and the Union of Banks of Kyrgyz Republic (UB), jointly held a webinar on 18th May 2022 and ...
ICD and Kapital Bank from Azerbaijan sign a Memorandum of Understanding
Baku, Feb 08, 2022 – The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDB) and Kapital Bank from Republic of Azerbaijan, signed a Memorandum of Understanding (&ld ...
ICD and AFEZA Sign a Memorandum of Understanding
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDB), and the Alat Free Economic Zone Authority (AFEZA) of the Republic of Azerbaijan have signed a Memorandum of Under ...
MEMBER COUNTRIES
We always make interventions in member countries that are appropriate to their stage of development. In less developed member countries, we focus on building the basics of competitiveness and improving the regulatory environment. However, in more developed countries, we focus on enhancing private sector markets by increasing business sophistication.
Disclaimer: Country borders or names do not necessarily reflect the IsDB's official position. This map is for illustrative purposes and does not imply the expression of any opinion on the part of the IsDB, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries.
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IsDB Group
The Saudi “Afaq” SME Fund is a closed-end Shari'ah-compliant fund with Assets Under Management of SAR 400 million (USD 107 million) approved by the Capital Markets Au.
#ICD with other multilaterals are working on the harmonization of indicators and standards in order to maximize the benefits of reporting to the larger audience.2/2.
#Dr.Mohammed Alyami,the Director of the Development Effectiveness Department,participated as a panelist is the first @isdb_group result-based management framework webinar .
Supporting the fish sector🐟 is a way forward toward #foodsecurity and creating jobs in member countries. #Internationalfisher 's day #SDGs Check out our successful.
The Saudi “Afaq” SME Fund is a closed-end Shari'ah-compliant fund with Assets Under Management of SAR 400 million (USD 107 million) approved by the Capital Markets Au.
#ICD with other multilaterals are working on the harmonization of indicators and standards in order to maximize the benefits of reporting to the larger audience.2/2.
#Dr.Mohammed Alyami,the Director of the Development Effectiveness Department,participated as a panelist is the first @isdb_group result-based management framework webinar .
Supporting the fish sector🐟 is a way forward toward #foodsecurity and creating jobs in member countries. #Internationalfisher 's day #SDGs Check out our successful.