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.

Facts
& numbers

In 2017, ICD saw the first results of the introduction of the Sustainable Development Goals (SDGs) in its strategy. As the major private sector development arm of the Islamic Development Bank Group (IsDBG), ICD has pledged to concentrate its investments in SDG 7 (energy), SDG 8 ( jobs and financial inclusion) and SDG 9 (industry and infrastructure); engage in SDG 13 (climate action) and SDG 17 (partnerships) in order to impact on SDG 1 (poverty), SDG 2 (agriculture), SDG 3 (health), SDG 4 (education) and SDG 5 (gender equality).

95,609 People opened new Islamic finance accounts in 2017
10,795 New employees hired by ICD clients/partners in 2017
9,367 Micro, Small and Medium enterprises provided with new funding in 2017
603 Employees trained in Islamic finance or in business continuity plan
54 Member Countries

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.