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 disburses SME financing facility (15 million Euros) In favor of Crédit Communautaire d'Afrique Bank (CCA-Bank Cameroon)
Jeddah – Douala, April 10, 2025 – The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group, has successfully disbursed a €15 million (9.8 billion CFA francs) financing ...
1743065750_7668.png "APPOINTMENT OF DR. KHALID KHALAFALLA AS ACTING CHIEF EXECUTIVE OFFICER OF ICD")
APPOINTMENT OF DR. KHALID KHALAFALLA AS ACTING CHIEF EXECUTIVE OFFICER OF ICD
Jeddah, 26 MARCH 2023 The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB) Group, is pleased to announce that its Board of Directors has approved the appointment of Dr. K ...
Islamic Corporation for the Development of the Private Sector (ICD) and Joint-Stock Commercial Bank “Turonbank” Strengthen Partnership to Support Private Sector Growth in Uzbekistan
Jeddah, Kingdom of Saudi Arabia, February 27, 2025 – The Islamic Corporation for the Development of the Private Sector (ICD) and Private Joint-Stock Bank “Turonbank” have taken a significant step to enhance Uzbekistan’s private sec ...
Islamic Corporation for the Development of the Private Sector (ICD) and Joint-Stock Commercial Bank “Asia Alliance Bank” Strengthen Partnership to Support Private Sector Growth in Uzbekistan
Jeddah, Kingdom of Saudi Arabia, March 3, 2025 – The Islamic Corporation for the Development of the Private Sector (ICD) and Joint-Stock Commercial Bank “Asia Alliance Bank” have taken a significant step to enhance Uzbekistan’s pri ...
Appointment of Dr. Khalid Khalafalla as Officer-in-Charge, Chief Executive Officer of ICD
Jeddah, Saudi Arabia – 8 February 2025: The Islamic Corporation for the Development of the Private Sector (ICD) is pleased to announce the appointment of Dr. Khalid Khalafalla as Officer-in-Charge, Chief Executive Officer (CEO) of ICD, effective fro ...
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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