ICD wishes you Ramadan Mubarak

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Annual Development Effectiveness Report 2019

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ICD Annual Report 2018 is released

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#BRAVEWOMEN - MAke the difference

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Watch a Video

ICD wishes you Ramadan Mubarak
Annual Development Effectiveness Report 2019
ICD Annual Report 2018 is released
#BRAVEWOMEN - MAke the difference

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

BBI joins ICD and its partners and sign the Memorandum of Understanding for the New global platform initiative launched during the AM44

Jeddah – May 15, 2019 – The Islamic corporation for the Development of the Private Sector (ICD) and Bosna Bank International (BBI) signed a Memorandum of Understanding related to a new initiative, a Global Platform for Private Sector where the ...

Capitalism is failing us all. Could Islamic economics be the answer?

Billionaire Ray Dalio, manager of the world's largest hedge fund Bridgewater, recently shocked the world when he announced that "capitalism is failing" and that a "revolution" is coming. There is no denying that global inequalit ...

ICD announces the signing of a Bilateral Agreement with Mizuho Bank (Malaysia) Berhad

Kuala Lumpur, MALAYSIA, 30 April 2019 - The Islamic Corporation for the Development of the Private Sector (ICD), the private sector development arm of Islamic Development Bank (IsDB) Group, and Mizuho Bank (Malaysia) Berhad, a subsidiary of Mizuho Ba ...

Unblocking the Chain (by BBC)

Blockchain has become the buzzword of today, but from conferences to cryptocurrencies, the ubiquity of this phrase has not given way to clarity for many. So what exactly is the blockchain, and how will it impact the world around ...

IsDB Group Entities Collaborate and Showcase Synergy to Support the OIC Member Countries

Jeddah – 23 April 2019 – The 3 entities of the Islamic Development Bank Group (IsDB), in consideration of their respective mandates, have recognized the need to join forces & enhancing the offerings of innovative solutions to support OIC M ...

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

04 Apr

ROLE OF DIGITAL TRANSFORMATION IN “RESTYLING” THE ISLAMIC FINANCE INDUSTRY

The Islamic Development Bank Group (IsDB Group) is organizing its 44th Annual Board of Governors Meeting in Marrakech – Morocco, which will take place during the period of 3-6 April 2019. In conjunction with this high level event, the IsDB Group private sector entities will be organizing the IsDBG Private Sector Forum on April 4th, 2019. The Forum will take place at the Four Seasons Hotel, M

03 Apr

IsDB Group 44th Annual Meeting

The Board of Governors of the Islamic Development Bank Group (IsDB Group) holds an annual meeting to discuss development issues and institutional matters. The meeting attracts over than 1,000 participants and offers an ideal platform for decision makers to discuss challenges and explore opportunities facing IsDB Group member countries. (More info will follow soon)

16 Mar

SAIFI 2019 - AFRICAN ISLAMIC FINANCE IN THE FINTECH AGE (ENG and FR)

SAIFI will explore how the convergence of FinTech and Islamic Finance is contributing to the growth of Islamic African economic system and (ii) how FinTech is the key to capturing the next generation of African Islamic digital economy customers. SAIFI represents the first African Islamic fintech platform paving the way between Islamic FinTech companies (i.e. Startups) and the African financial

28 Feb

Public Private Partnership (PPP) Conference (AR, FR and ENG)

The Islamic Development Bank Public-Private Partnership Forum (PPP Forum) is an annual event aimed at fostering greater publicprivate sector collaboration to help solve the world’s sustainable development challenges. First established in 2017, the PPP Forum convenes business leaders and policymakers from the bank’s 57-member countries to promote the dialogue on public-private partne

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

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 perqu

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 as

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 Devel

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:

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.

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 fin

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”