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

Supported by Enmaa Finance and the Islamic Corporation for the Development of the Private Sector, MAM for Engineering Industries & Electrical Supplies Achieves Growth.

Eng. Hani Salem Sonbol: We have supported 524 private sector projects in ICD’s member countries totaling $7.61 billion, and we continue to provide more financing to achieve new success stories and increase the volume of exports. Cairo-Jeddah / 5 ...

Empowering Gulf Tech Companies: The Pearl Initiative and ICD Foster Competitiveness and Sustainability through Exclusive Roundtable Discussions

• The Pearl Initiative and ICD hosted exclusive roundtable discussions to empower Gulf tech companies, focusing on enhancing competitiveness and sustainability in the fintech sector. • Saudi Arabia aims to ...

ICD Raises KZT 2 billion in Kazakh Tenge Sukuk Debut

ALMATY, Kazakhstan, June 15, 2023 - The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB) Group, made its first foray into the Kazakhstani Tenge market this week, tapping a g ...

ICD and ITHMAR CAPITAL join forces to boost energy transition and food security in Morocco and Africa

Jeddah, Saudi Arabia - The Islamic Corporation for the Development of the Private Sector (ICD) signed an agreement with ITHMAR CAPITAL on 12 May 2023 during the 2023 IsDB Annual Meetings held in Jeddah, at the King Abdullah Congress Center, Ritz Carl ...

ICD supports Power Cement Limited’s green initiative to substitute coal with waste and biomass

Jeddah, Kingdom of Saudi Arabia - The Islamic Corporation for the Development of the Private Sector (ICD) signed an MoU with Power Cement Limited (PCL) on May 12th 2023 during the 2023 IsDB Annual Meetings held in Jeddah, at the King Abdullah Congress Cen ...

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

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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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