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ICD Annual Report 2023
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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
ICD AND VAKIF KATILIM BANKASI SIGN USD 30 MILLION FINANCING AGREEMENT
Jeddah, Saudi Arabia, 12 August 2024 – In a decisive move to bolster Türkiye's economic and agricultural landscape, the Islamic Corporation for the Development of the Private Sector (ICD) has partnered with Vakıf Katılım Bankası A.Ş. ( ...
1718282436_3563.jpg "EMPOWERING TÜRKIYE'S ECONOMIC FUTURE: ICD AND AKLEASE LAUNCH EUR 13.65 MILLION PRIVATE SECTOR FINANCING INITIATIVE")
EMPOWERING TÜRKIYE'S ECONOMIC FUTURE: ICD AND AKLEASE LAUNCH EUR 13.65 MILLION PRIVATE SECTOR FINANCING INITIATIVE
Jeddah, Saudi Arabia, 12 June 2024 – The Islamic Corporation for the Development of the Private Sector (ICD) and Ak Finansal Kiralama A.Ş. (AKLease) have entered into a landmark agreement to bolster economic growth in Türkiye. This new EUR 13. ...
Golden Global Investment Bank Signs Letter of Intent for $20M Line of Finance from the Islamic Development Bank Group
Negotiations between the Islamic Corporation for the Development of the Private Sector (ICD) and Golden Global Investment Bank have successfully concluded with the signing of a letter of intent, for the proposed extension of a USD 20 million line of finan ...
ICD and JSC Ziraat Bank Uzbekistan Collaborate to Boost the Private Sector in Uzbekistan
ICD and Ziraat Bank Uzbekistan signed an Expression of Intent for the USD 10 million Line of Financing Facility aimed at supporting eligible private sector projects in Uzbekistan. This agreement initiates a partnership between ICD and JSC Ziraa ...
 Signs Letters of Intent for Line of Finance Facilities with Uganda Development Bank Limited and AFREXIMBANK1715169866_9693.jpg "Islamic Corporation for the Development of the Private Sector (ICD) Signs Letters of Intent for Line of Finance Facilities with Uganda Development Bank Limited and AFREXIMBANK")
Islamic Corporation for the Development of the Private Sector (ICD) Signs Letters of Intent for Line of Finance Facilities with Uganda Development Bank Limited and AFREXIMBANK
Riyadh, Saudi Arabia – April 27, 2024 – The Islamic Corporation for the Development of the Private Sector (ICD) signed two significant Letters of Intent for a total of USD 150 Million Line of Finance facilities with Uganda Development Ba ...
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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