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.

42,365 MSMEs were supported through ICD financing

486 projects Cumulative Number of Projects

16,405 New jobs were created

1,042,311 Clients who gained access to Islamic finance

latest news

ICD and Asia Alliance Bank Win Emerging Islamic Markets Deal of the Year Award

The Islamic Corporation for the Development of the Private Sector (ICD) is proud to announce that it has won the Emerging Islamic Markets Deal of the Year award in collaboration with Asia Alliance Bank for their exceptional work on River Med Pharm's U ...

THE ISLAMIC CORPORATION FOR THE DEVELOPMENT OF THE PRIVATE SECTOR (ICD) SUPPORTS PRIVATE SECTOR GROWTH IN UZBEKISTAN WITH $25 MILLION LINE OF FINANCE AGREEMENT WITH TURONBANK

ICD has signed a $25 million Line of Finance Agreement with Turonbank to support private sector businesses, with a focus on SMEs, in Uzbekistan. The agreement reinforces ICD's commitment to promoting private sector development and Islamic finance ...

THE ISLAMIC CORPORATION FOR THE DEVELOPMENT OF THE PRIVATE SECTOR (ICD) AND JOINT-STOCK COMMERCIAL "ALOQABANK" PARTNER TO PROVIDE USD 30 MILLION IN FINANCING FOR PRIVATE SECTOR BUSINESSES IN UZBEKISTAN

ICD signs $30M Line of Finance Agreement with Aloqabank to support private sector businesses in Uzbekistan. Agreement aims to promote Islamic finance, improve financial inclusion, and support SMEs. The agreement reinforces ICD's commitment to p ...

ICD HOSTS THE IDFC SHERPA MEETING IN 2023

The Islamic Corporation for the Development of the Private Sector (ICD) hosts today the first IDFC Sherpa Meeting in 2023. This meeting brings together leading development finance institutions from around the world to exchange ideas and explore ...

The Islamic Corporation for the Development of the Private Sector (ICD) Signs New 2023 Program Worth $120 million to Propel Private Sector-led Development

The Islamic Corporation for the Development of the Private Sector (ICD) has signed a new program worth $120 million for the year 2023 to propel private sector-led development in Egypt. The program includes expanding credit lines for financial institu ...

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.

Total projects:

Total ICD Contribution: $

> 10 Projects

1:10 Projects

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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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