At a Glance
ICD fosters sustainable economic growth in its 54 member countries by financing private sector investment, mobilizing capital in the international financial markets, and providing advisory services to business and governments.
Since its inception in 1999, ICD has approved more than 400 projects, valued at around $6.4 billion. ICD approvals support a wide array of industries including finance, infrastructure, Agriculture, manufacturing, and oil and gas. ICD investment operations are at work in 51 Member countries. The array of ICD approvals includes: more than 100 Line of Finance projects valued at $2,621 million; 218 Term Finance projects valued at $2,225 million; 78 Equity projects valued at $1,007 million; and 15 Funds projects valued at $533 million. To date, 76 percent of approvals address Term Finance plus Line of Finance, 16 percent address Equity participation (institutional equity and corporate equity), and the remaining 8 percent address Funds.
54 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.
What We Do
The Islamic Corporation for the Development of the Private Sector (ICD) is the private sector arm of the Islamic Development Bank Group (IsDBG). We promote the economic development of IsDBG member countries by providing financial assistance and advisory solutions to private sector projects in accordance with the principles of shariah law.