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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
1732614598_2430.jpg "ICD Leads Key Discussions on Sustainable Development and Green Finance at COP29")
ICD Leads Key Discussions on Sustainable Development and Green Finance at COP29
Baku, Azerbaijan – November 18, 2024 – The Islamic Corporation for the Development of the Private Sector (ICD), part of the Islamic Development Bank (IsDB) Group, hosted several high-level sessions at COP29 in Baku, focusing on sustainable eco ...
THE ICD DISBURSED FOR KAZAKHSTAN IJARA COMPANY KAZAKHSTAN A TENGE-DENOMINATED SHARI’A-COMPLIANT FINANCING FACILITY OF KZT 2.4 BILLION TO SUPPORTS SMEs IN KAZAKHSTAN
On November 15, 2024, ICD mobilized and disbursed for KIC the funds that will be used to finance eligible private sector enterprises, particularly SMEs in Kazakhstan. The Commodity Murabaha Financing Agreement between ICD and «Kazakhstan Ijara ...
ICD commits EUR 40 million to Kokshetau Hospital Project in Kazakhstan which is the first healthcare-sector PPP in Central Asia
ICD is investing EUR 40 million for the construction and operation of a 630-bed multidisciplinary hospital in the city of Kokshetau, Kazakhstan. The total financing package is Euro 365 mln which is co-financed by the EBRD, AIIB, DEG, Proparco and DBK ...
ICD COMMITS EUR 40 MILLION TO NAKKAS- BASAKSEHIR SECTION OF TÜRKIYE’S NORTHERN MARMARA HIGHWAY PROJECT
ICD is investing EUR 40 million in the Nakkaş-Başakşehir section as part of a EUR 1.04 billion funding package. The project incorporates solar energy and LED lighting, aiming to cut energy use and emissions significantly. It’s backed by a ...
EMPOWERING TÜRKİYE'S ENERGY SECTOR: ICD AND SAMPA SIGN EUR 15 MILLION TERM SHEET
The Islamic Corporation for the Development of the Private Sector (ICD) is providing financing of €15 million to Türkiye’s Sampa Otomotiv Sanayi ve Ticaret A.Ş. (SAMPA) to support the development and construction of a 21 MW captive solar ...
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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