About ICD

The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral development financial institution that supports the economic development of its member countries. Based in Jeddah, ICD is a part of the Islamic Development Bank (IsDB) Group, established in November 1999.

With an authorized capital of $4 billion, ICD's shareholders include the IsDB, 56 Islamic countries, and five public financial institutions.

At a glance

1999

Established

$4B

Authorized capital

Member countries

25+

Years active

Our mandate

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Provide financing for private sector projects in member countries

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Promote competition and entrepreneurship

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Encourage cross-border investments

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Advance the development of Islamic finance and capital markets

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Attract co-financiers and mobilize additional resources

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Enhance the role of the market economy

What we focus on

Job creation

Inclusive employment across member countries.

Islamic finance

Building Sharia-compliant markets and instruments.

Export growth

Expanding trade and global market access.

Sustainable growth

Mobilizing international capital for long-term development.

How we work

ICD operates to complement the activities of the Islamic Development Bank in member countries and works alongside national financial institutions to maximize development impact. By attracting co-financiers and mobilizing capital in international financial markets, ICD ensures private sector growth translates into sustainable economic progress for all member countries.