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
As ICD commemorates its 25th anniversary, we reflect on a legacy built on empowering the private sector and advancing development across member countries. This milestone is an opportunity to revisit our journey, celebrate the impact of our partnerships, and reaffirm our dedication to fostering inclusive, sustainable growth.
latest news
ICD SIGNS USD 30 MILLION SHARIAH-COMPLIANT LINE OF FINANCING WITH TÜRKIYE EMLAK KATILIM BANKASI TO ADVANCE SME DEVELOPMENT IN TÜRKIYE
ICD has signed a USD 30 million Shariah-compliant Line of Financing (LOF) with Türkiye Emlak Katılım Bankası A.Ş., marking ICD's first thematic financing in Türkiye. The four-year facility will channel Shariah-compliant fi ...
New strategic partnership in the Arab States region to enhance access to green finance for small and medium-sized enterprises
[Amman, 20 April 2026] – The United Nations Development Programme (UNDP), has signed a Joint Statement of Intent with the Islamic Corporation for the Development of the Private Sector (ICD) and the Islamic Corporation for the Insurance of Investment ...
ICD AND THE ISLAMIC REPUBLIC OF MAURITANIA SIGN COOPERATION FRAMEWORK TO ADVANCE PRIVATE SECTOR DEVELOPMENT AND STRATEGIC INVESTMENT
Three-year Memorandum of Understanding signed to strengthen ICD's cooperation with the Islamic Republic of Mauritania. ICD to support Shariah-compliant financing mobilization for a proposed mining project of strategic importance. Cooperation to ...
ICD SERVES AS BOOKRUNNER FOR SAUDI ELECTRICITY COMPANY'S LANDMARK USD 2.4 BILLION TRIPLE-TRANCHE SUKUK ISSUANCE ON JANUARY 15, 2026
ICD serves as Bookrunner for SEC's USD 2.4 billion triple-tranche Sukuk with 3-year, 6-year, and 10-year tenors. First mandate with Saudi Electricity Company on its international Sukuk programme. This issuance came after a global virtual promotio ...
ICD SERVES AS JOINT LEAD MANAGER FOR KUWAIT FINANCE HOUSE'S SUCCESSFUL USD 1.0 BILLION SUKUK ISSUANCE
ICD serves as Joint Lead Manager for KFH's USD 1.0 billion 5-year Senior Sukuk. Transaction opens the 2026 Senior Sukuk market with exceptional investor demand. Achieves KFH's tightest-ever pricing at 5-Year US Treasury + 85 basis points. ...
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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