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.
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.
How did ICD assist in turning the fire at the Egyptian SoloSoft factory into a global success story?
Solo Soft Company obtained financing compatible with the Sharia from Enmaa Finance Company amounting to 47 million Egyptian pounds for the purpose of rebuilding and equipping its factory with the best equipment, machines, and international technology. It ...
ITFC and ICD sign a Memorandum of Understanding (MOU) with the Kingdom of Morocco
The memorandum aims to provide a general framework that facilitates cooperation between the parties and enhances economic and social development capabilities ITFC intends to provide financing of up to $100 million to support the import of strat ...
ICD PIONEERS SHARIAH-COMPLIANT SYNDICATED FINANCING FOR AL BARAKA BANK (EGYPT) S.A.E. IN EGYPT
ICD, has entered into a Line of Financing Agreement with Al Baraka Bank Egypt, an Islamic bank owned by Al Baraka Banking Group, to provide USD 30 million (with the option to expand by an additional USD 20 million) in syndicated commodity Murabaha fina ...
ICD & UGFS Organize Workshop on the Practical Aspects of Sukuk Issuance
Tunisia - The Islamic Corporation for the Development of the Private Sector (ICD) and United Gulf Financial Services-North Africa (UGFS) are pleased to announce the successful conclusion of a virtual capacity-building workshop on Short-Term Sukuk and Liqu ...
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 ...
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 ICD Contribution: $
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.