Development Impact
Since its establishment in 1999, the Islamic Corporation for the Development of the Private Sector (ICD) has worked alongside governments, financial institutions, and private enterprises across 56 member countries to build resilient economies and inclusive opportunity. Our development impact is measured not in transactions alone, but in jobs created, businesses empowered, communities strengthened, and futures secured.
$7.58B
Cumulative Approvals
$5.06B
Total Disbursements
575+
Interventions Financed
56
Member Countries
25+
Years of Experience
How We Create Impact
Financial Empowerment
Providing Shariah-compliant financing to SMEs, financial institutions, and strategic sectors that lack access to conventional capital markets.
Private Sector Development
Supporting entrepreneurs, local industries, and emerging businesses to build competitive, diversified economies across Africa, Asia, and the Middle East.
Inclusive Growth
Prioritizing women-led businesses, underserved communities, and frontier markets to ensure development benefits reach those who need it most.
Sustainability
Channeling green financing toward renewable energy, sustainable infrastructure, and climate-resilient projects aligned with global SDG commitments.
Knowledge & Advisory
Delivering technical assistance and capacity-building programs that strengthen governance, regulatory frameworks, and institutional capabilities.
Strategic Partnerships
Collaborating with multilateral institutions, governments, and the private sector to amplify reach and co-invest in transformative development opportunities.
From Dreams to Deals
Real impact begins with real stories. ICD's "From Dreams to Deals" series brings to life the businesses and communities transformed by Shariah-compliant development financing.
2024 Impact Highlights
Each year, ICD publishes its Annual Development Effectiveness Report (ADER) to document the measurable outcomes of its operations. The 2024 edition recorded significant milestones across financial inclusion, employment, social development, and economic growth.
Financial Inclusion
1,529 SMEs received financing worth USD 353M
472 women-led SMEs funded
126,734 new Islamic finance clients
USD 215M in government revenue generated
Employment & Gender
189,482 total jobs supported
23,409 new jobs created (7,903 for women)
1,985 women in senior management
USD 19.97M in community development
Economic Growth
USD 940M in domestic purchases
USD 779M in export sales
3.7 billion kWh energy production
3,529 MW energy capacity financed
Social Development
2.28M+ patients received healthcare
46,672 students enrolled
2,710 housing units developed
25,331 farmers reached
SDG Alignment
ICD's operations are designed to advance the United Nations Sustainable Development Goals, with particular focus on inclusive economic growth, quality employment, industry and infrastructure, and building global partnerships for development.
SDG 1
SDG 2
SDG 3
SDG 4
SDG 5
SDG 7
SDG 8
SDG 9
SDG 13
SDG 17
Looking Ahead
As ICD enters its next chapter, the organization remains focused on scaling development impact in ways that are innovative, inclusive, and resilient. The next phase of growth will require new financing models, stronger partnerships, and deeper engagement with the private sector.
1
Expand Financial Access
Innovative financing solutions for underserved markets, frontier economies, and SMEs with limited access to capital.
2
Foster Innovation
Technology-driven and knowledge-based solutions that help member countries build more competitive and diversified economies.
3
Address Climate Change
Green financing for sustainable energy, infrastructure, and climate-resilient projects that protect economies for the long term.
4
Deepen Partnerships
Stronger collaboration with multilateral institutions, governments, and the private sector to co-invest in transformative opportunities.
Annual Report
Annual Development Effectiveness Report 2024
ICD's ADER is the definitive account of our development impact each year. The 2024 edition marks 25 years of transformative investment across 56 member countries. The 2025 report will be available soon.
Download ADER 2024