Do you want to leave a global impact? Join ICD

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ICD projects' impact in the member countries in 2017

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ICD Line of Finance to help SMEs in the member countries

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Do you want to leave a global impact? Join ICD
ICD projects' impact in the member countries in 2017
ICD Line of Finance to help SMEs in the member countries

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 2017, ICD saw the first results of the introduction of the Sustainable Development Goals (SDGs) in its strategy. As the major private sector development arm of the Islamic Development Bank Group (IsDBG), ICD has pledged to concentrate its investments in SDG 7 (energy), SDG 8 ( jobs and financial inclusion) and SDG 9 (industry and infrastructure); engage in SDG 13 (climate action) and SDG 17 (partnerships) in order to impact on SDG 1 (poverty), SDG 2 (agriculture), SDG 3 (health), SDG 4 (education) and SDG 5 (gender equality).

95,609 People opened new Islamic finance accounts in 2017

10,795 New employees hired by ICD clients/partners in 2017

9,367 Micro, Small and Medium enterprises provided with new funding in 2017

603 Employees trained in Islamic finance or in business continuity plan

latest news

STARTUP WEEKEND JEDDAH GLOBAL ARTIFICIAL INTELLIGENCE EDITION CLOSING AND AWARDS CEREMONY

The Islamic Corporation for the Development of the Private Sector (ICD) has organized and hosted the International Version of the Techstars - Startup Weekend Artificial Intelligence edition from 29 nov to 1 dec 2018 at the headquarters of the Islamic Deve ...

SIGNING OF AGREEMENT BETWEEN ICD AND BSIC TO ESTABLISH NEW ISLAMIC WINDOWS IN WEST AFRICA

Tunis, 29 November 2018, The Islamic Corporation for the Development of the Private Sector (ICD), through its Islamic Financial Institutions Program (IFI) sign an agreement with BSIC holding in order to assist BSIC Senegal and BSIC Mali with technic ...

SIGNING OF AGREEMENT BETWEEN ICD AND IFTS TO IMPLEMENT NEW TECHNOLOGY SOLUTIONS

Tunis on the 29th of November 2018, The Islamic Corporation for the Development of Private Sector (ICD), the private sector arm of Islamic Development Bank Group (IsDB) has signed an investment agreement with I-FinTech Solutions (IFTS) company in Tunisia ...

ICD Signs USD 20 Million Financing Facility with the Meghna Group, Bangladesh

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IsDB) Group, signed a Islamic financing agreement with the Meghna Sugar Refinery Limited (MSRL) of Bangladesh to assist in setting ...

ICD launches new website

Jeddah, Nov. 5, 2018, ICD launches its new website in the presence of Ayman Sejiny, CEO and general manager of ICD and IsDB’s vice president on Monday in Jeddah THE Islamic Corporation for the Development of the Private Sec ...

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

0 Projects

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.

events

29 Nov

Startup Weekend Jeddah Global Artificial Intelligence

Startup Weekend Jeddah Global Artificial Intelligence Edition 2018 Ignite – Develop – Impact Artificial intelligence (AI), as an idea, first appeared soon after humans developed the electronic digital computing that makes it possible. And, like digital technology, artificial intelligence, or AI, has ridden waves of hype and gloom—with one exception: AI has not yet experienced wide-scale commercial deployment. Every sector of the economy can benefit from the smart use of artificial intelligence (AI). AI solutions are already leading to improvements in healthcare, advances in education, more robust accessibility tools, stronger cybersecurity, and increased business productivity and competitiveness. AI also has the potential to generate substantial economic growth and enable governments to provide better and more responsive government services while addressing some of their most pressing societal challenges. And as AI’s capabilities have dramatically expanded, so has its utility in a growing number of fields. It also has great potential to enable tremendous social good. Artificial Intelligence for Enterprises and Economic Development Large amount of data created by various mobile platforms, social media interactions, e-commerce transactions, and IoT provide an opportunity for businesses to effectively tailor their services by effective use of AI. Proper use of Artificial Intelligence can be a major competitive advantage for any business considering vast amount of data being generated. Artificial Intelligence is an emerging field that allows businesses to effectively mine historical data and better understand consumer behavior. This type of approach is critical for any business to successfully launch its products and better serve its existing markets. What is a Startup Weekend? Techstars Startup Weekends are 54-hour events designed to provide superior experiential education for technical and non-technical entrepreneurs. The weekend events are centered on action, innovation, and education. Beginning with Thursday night pitches and continuing through testing, business model development, and basic prototype creation, Startup Weekends culminate in Saturday night demos to a panel of potential investors and local entrepreneurs. Participants are challenged with building functional startups during the event and are able to collaborate with like-minded individuals outside of their daily networks. Why Startup Weekend AI Jeddah? Artificial Intelligence is not a new technology but its rapid growth over the past years worldwide could risk leading countries without AI talent and local ecosystems behind other countries who are already heavily investing in the field. Having a Startup Weekend focused around AI will help in kickstarting a local AI community in Jeddah and beyond, by bringing existing AI experts in the field and introducing people in both business and society to the possibilities. AI Experts can come from universities like KAUST and KAAU and from large companies like Saudi Aramco, SABIC and Maaden. The gathering can also plants the seeds needed to make sure Saudi Arabia does not get left behind in this coming wave of AI revolution. Global Startup Weekend AI (GSWAI) is bringing as many communities as possible around the world together to locally engage their ecosystems, to educate them on the theme, in order to democratize the AI concept and push them out of their comfort zone to build the better tomorrow we all want to live in. This global initiative is more than a simultaneous event in several cities around the world: it is federating a genuine community around artificial intelligence, democratizing its use, and making it more diverse, inclusive and impactful by removing boundaries. Yet, this global initiative, over the same 2 weekends, at least 15 cities around the world will organize the same SWAI in their local community. Everyone will be connected throughout the world, with Global Mentors, facilitators & organizers. What outcome are we looking to achieve with Startup Weekend AI Jeddah? Besides helping to establish a local AI centric ecosystem, our goal is to inspire AI-driven projects that could potentially help solve real problems in the region and beyond. That is to say, AI Projects that we can help by connecting them to the right large companies that confirmed a need for them and also connecting bright ones with accelerators and investors along with relevant industry partners. Targeted Participants Students, Researchers & Scientists Professors Engineers Smart Innovators Robotic Technologist Gaming Professionals Automation Industry Leaders Managers & Business Intelligence Experts Professionals in Media Sector AI Applications: Industry Use Cognitive Computing Chatbot Data Science, Machine Learning & Deep Learning Data Mining and Data Analytics Speech Recognition, Image processing, Unsupervised Learning Security Robotics Neural networks Computer Vision NLP IoT Home Assistant Is your department/organization has an interest to bring AI-based solutions to its operations? Propose a challenge to be addressed during the event. Are you a financing / investment institution and have an interest to financially finance or invest in the resulted AI-based solutions? Join us Today. Do you have an interest to be a mentor in the event? Join us Today. Do you have an interest to take part in the Judgement Panel? Join us Today. or contact the organizing team in ICD of the Islamic Development Bank Group (IsDB): Eng. Hamza A Alsaktawi, Manager Knowledge and Innovation Program, ICD Email: hamza@isdb.org Phone: +966126468156 Mobile: +966555909078

25 Nov

8th Global Islamic Microfinance Forum (Event Lang ENG)

With high hopes AlHuda CIBE has planned to conduct The 8th Global Islamic Microfinance Forum in Dubai - UAE on 25th - 26th November, 2018. The notion behind conducting these forums is to create awareness of Islamic Microfinance for the benefit of humankind and to help poor to survive at their best. This is the reason why these events are conducted internationally so that masses can enjoy its perquisites. This year it is expected that the forum will unbolt new horizons, opportunities and innovation for Microfinance industry thus helping them eliminate poverty with support of Islamic Microfinance.

14 Nov

IFN Forum Investors 2018 (Event language ENG)

Launched in April 2015, IFN Investors Forum has been widely embraced by the industry to great success as the platform to discuss and debate all things related to Islamic investments. Welcoming a broad range of investors from all corners of the world, IFN Investors Forum will stage a comeback in 2018 in Kuala Lumpur, one of the most advanced Shariah finance capitals of the world. Covering all aspects of Shariah investments across a variety of sectors, asset classes and markets, IFN Investors Forum 2018 will focus on the biggest opportunities, latest developments and trends as well as potential issues that may arise as far as Islamic investments are concerned. The wide-ranging program will include multiple and varied formats and sessions including issuer case studies to maximize engagement and outcome from the high-level event.

31 Jul

1st Azerbaijan-Arab Investment and Business Forum (AAIBF)

ABOUT The 1st Azerbaijan-Arab Investment and Business Forum (AAIBF) will be organized by the Association for Azerbaijan-Arab Countries Cooperation (AAACC), the Islamic Corporation for the Development of the Private Sector (ICD) and in close cooperation with the IsDB Group Business Forum (THIQAH). The forum will be held on …….. at Baku Convention Center (Baku, Republic of Azerbaijan). The forum will be held under the patronage of H.E Ilham Aliyev, the President of the Republic of Azerbaijan and the support of the Ministry Economy of the Republic of Azerbaijan, the Council on State Support to Non-Governmental Organization, General Union of Chambers of Commerce Industry and Agriculture for Arab Countries. The AAIBF aims to present and showcase the recent opportunities and key challenges to do business in Azerbaijan and will also focus on the best practices concerning related industries. Moreover, the conference shall present an ideal occasion to investors, business people and CEOs to network and establish business relations with their counterparts and other leading representatives from the local business community in order to share their related experience & success stories, and to explore together the many investment possibilities that the country offers. Furthermore, it will connect investors with companies and individual entrepreneurs from Azerbaijan who have viable business projects to exchange views on their respective businesses. It will also provide a platform for a constructive and fruitful dialogue between the various parties with an interest in the fields of private sector, and to acquire an in-depth knowledge of the major changes and developments underway in the private sector. The event will address topics of common interest to identify concrete ways and effective solutions to support investments and private sector development in Azerbaijan. Furthermore, the forum aims at reinforcing the position of Azerbaijan on the world investment map by highlighting profitable business opportunities readily available in the country. The conference will accordingly highlight the outstanding economic performance as well as the improved business environment in Azerbaijan and will showcase available investment opportunities and prospective business partnerships. Azerbaijan companies and institutions have been a long-term business partner for the Arab world and are well known for their high-quality services. To ensure a balanced and sustainable exchange, they are not only exporting top-notch products, but also bringing education and know-how along with it. This AAIBF is an exclusive, high-level gathering of senior business leaders and investors, from across Arab Countries in support of the Azerbaijan’s engagement with investment. The forum will also convene the dialogue between the Heads of Corporations, holdings and financial institutions focusing on how to develop and finance critical and developmental projects in Azerbaijan. This CEO-level invitation-only forum will be held annually and the recommendations emerging from the forum will influence the agenda for action plans championed at the Presidential level with Regional Economic Communities and multilaterals related to private sector development. In addition to exciting panels, several interactive B2B and expert-led roundtables will take place. In small groups, they give the opportunity to exchange experiences and discuss the innovation potential in different fields. Main Objectives Efforts toward building an enabling investment environment in Azerbaijan & lifting barriers to FDI: investment environment/ climate and the right incentives, in addition to investment policy framework; Showcasing of promising sectors and opportunities in and through Azerbaijan; Presenting IDB Group products and services: to be presented by IDB, ISFD, ICD, ICIEC and ITFC; Prospects and challenges on doing business in Azerbaijan: perspectives and interventions by investors and CEOs on the investment environment and discuss their related experience and success stories on the country; Sharing the experience and best practices related to Azerbaijan and other Arab countries - Reverse linkages: Sharing the experience and best practices of Arab Countries in showcasing their countries and successfully attracting foreign investments. Proposed Speakers: Chairmen, Presidents and CEOs of local/international private sector companies; Government officials; Representatives of multilateral and financial institutions; CEOs of Arab companies, groups and holdings invested in Azerbaijan. TARGET AUDIENCE The conference might gather 300+ participants (approximately) which have the following profile: Government officials Business associations Multilateral and financial institutions Chairmen, Presidents & CEOs of local/international private sector companies Individual investors Entrepreneurs Chambers of commerce and industry Investment Promotion Agencies EXPECTED OUTCOME Identify opportunities and implementation of best practices; Adopt and implement a clear strategy for the post-conference follow-up; Establish detailed measures with the aim of following, assisting and supporting the business connections initiated during the conference, so as to guarantee the achievement of potential business cooperation and networking; Effective sharing of knowledge, views and practices; Identify strategies for overcoming constraints and challenges; Assist in elaborating Azerbaijan’s strategy to play a leading role in building out new logistical capabilities coupled with an economic reform agenda; Put in place the needed reform measures to enhance the business and investment environment over the short and medium term, while investing in longer term initiatives to enhance human capital and support the development of a knowledge-based economy; Create linkages and business relations between Azerbaijan and Arab Business communities.

27 Mar

Africa Islamic Finance Forum - Lagos Conference

Welcome to the 3rd Africa Islamic Finance Forum The 3rd Africa Islamic Finance Forum will provide an insightful programme to greatly assist understanding towards investment opportunities as well as being a networking platform for the financial and business communities to forge partnerships and provide a catalyst for business. Given Nigeria’s status as a leading member of the Islamic Development Bank, the drive for investment into Nigeria and the important steps being taken towards economic recovery in Nigeria and through the region; the timing of the conference provides a much-needed platform for opening Islamic finance to Nigeria’s business community.

26 Feb

IDB Group Private Sector Forum

The IDB Group is organizing its 41st Annual Board of Governors Meeting in Jakarta-Indonesia, which will take place during the period of 15-19 May 2016. In conjunction with this significant event, the IDBG private sector entities will be organizing the IDBG Private Sector Forum on 17th May, 2016 which will take place at Jakarta Convention Center (Cendrawasih Room #3), Jakarta-Indonesia, from 08:30AM to 06:30 PM. The main objective of the Forum is to highlight IDB Group activities, services and initiatives in member countries including Indonesia. The Forum will showcase the opportunities and challenges to do business in Member Countries. Moreover, the Forum shall provide a unique opportunity to investors, business people and CEOs to network and establish business relations with their counterparts and other leading representatives from the local business community in order to share their related experience, success stories & best practices and to explore together the many investment possibilities that the country offers. Furthermore, it will connect investors with companies and individual entrepreneurs from Indonesia who have viable business projects.

30 Nov

IFN FORUM ASIA 2017

Going into its 12th year, IFN Asia Forum will bring together industry experts and investors from across the world to convene at REDmoney Group's flagship event that focuses on the world's largest and most active Islamic financial market. The two-day event will be a platform for industry professionals to discuss the latest issues surrounding the development of Islamic finance in the Asian region. While Malaysia and Indonesia continue to lead the pack in terms of Islamic finance activities and Sukuk issuance, other major economies such as Pakistan, Singapore, Hong Kong and Australia are increasingly turning towards Shariah compliant financing activities to raise funds for projects, especially infrastructure- related ones. Turning to West Asia, Turkey has also emerged as a growing force in Shariah compliant finance with its participation banks, and the government's increasing encouragement for the industry to take flight has seen more banks launching Shariah compliant banking windows. For info and registration please visit: http://redmoneyevents.com/main/event.asp?IFN=Asia2017

30 Nov

Africa Islamic Finance Conference - Abidjan 2015

A 1.5-day, exclusive, Islamic finance focused forum, under the patronage of the government of Cote d’Ivoire for local and International market players on the development of both the local and regional Islamic financial market working in collaboration with the ICD, REDmoney and ICD will build a formidable program with industry leaders from around the world to discuss global issues on Islamic finance and Islamic investments with a focus on inward investment and collaboration with Africa The distinguished audience will include, regulators, bankers, lawyers, consultants, Shariah scholars and others key industry practitioners. The event is organized and managed by REDmoney and Islamic Finance news.

30 Nov

IDB Group – AUC Joint Private Sector Forum

The IDB Group is organizing its 40th Annual Board of Governors Meeting in Maputo, Mozambique, from June 8 to 11, 2015. In conjunction with this important event, the IDB Group and in joint collaboration with the African Union Commission, the Confederation of Business Associations of Mozambique and Mozambique Investment Promotion Centre will organize an “IDB Group-AUC Joint Private Sector Forum” on June 8th, 2015 in Maputo, Mozambique. The main objective of this event is to discuss the engagement of the private sector in the development and growth of IDB member countries, mainly in Africa. The forum will also provide an opportunity for multilateral and regional development financial institutions to share with the audience, their knowledge and experience on their private sector projects in Africa and Mozambique. Also, taking advantage of the presence of this important multi-stakeholders gathering, IDB Group entities will present their products and services to support of the private sector development in Africa and the rest of the world. Furthermore, the forum aims at reinforcing the position of Mozambique on the world investment map by highlighting profitable business opportunities readily available in the country. The forum will accordingly highlight the outstanding economic performance as well as the improved business environment in Mozambique and will showcase available investment opportunities and prospective business partnerships. In addition, a dedicated session will be devoted to creating more and better jobs in Mozambique through “Let’s Work Partnership”. The partnership is an international one and among ICD, IFC and a number of other IFIs and donors aimed at finding ways and means of creating jobs in different countries of which Mozambique is one. The session will mainly focus on presenting the initial findings of Mozambique job study. During this event, the winners of the recent IDB Group business plan competition will also be given the opportunity to provide an update on the implementation of their business plans. The winners from both idea track and growth track will present the key milestones they achieved, challenges they faced, and their next steps. This year’s forum is coincided with 15th anniversary of ICD. On this occasion, ICD will showcase its history of achievements throughout the venue of the event. Participation The event will gather a diversified group of around 100 to 120 participants with the following backgrounds: Government officials Project promoters Business leaders from multinational organizations High ranking inter-region policy makers in Mozambique and the East Africa region. Private sector representatives Individual investors Entrepreneurs Chairmen, Presidents & CEOs from the following sectors: Financial Energy Agribusiness Telecommunications Construction Real Estate Companies Mining Transportation Networking Lunch IDB Group – AUC Joint Private Sector Forum will be a privileged place for networking which will give a new start of partnership in the region. This networking lunch will bring together all participants attending the Forum in a more informal setting to find ways in which they can work together. The lunch provides an opportunity for the various participants to exchange views on their respective businesses. Expected Outcome of the Forum The following are the expected outcomes of the Forum: A better knowledge of the African private sector actors on the different products and services provided by the IDB Group entities. Creation of awareness about the investment and business opportunities in Africa and especially in Mozambique. Introducing the latest IDB Group latest initiatives for the private sector. African Private Sector is informed about the African Union Commission’s Private Sector Strategy. Awareness of IFIs on the challenge of creating jobs for Mozambique. Coming up with a joint declaration on the recommended actions which might be considered in the near future.

30 Nov

Africa Islamic Finance Forum - Lagos Conference