The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral organization affiliated with the Islamic Development Bank (IsDB). Headquartered in Jeddah, ICD was established by the IsDB Board of Governors during its 24th annual meeting held in Jeddah in Rajab 1420H (November 1999).
Our authorized capital stands at USD 4.0 billion, of which USD 2.0 billion is available for investor subscriptions. Our shareholders include the IsDB, 55 member countries, and five public financial institutions. ICD’s mandate is to support the economic development of its member countries by providing financial assistance to private sector projects in accordance with the principles of Shari’ah. Specifically, our aim is to create employment opportunities and enhance our member countries’ export potential. We also mobilize additional project resources and encourage the development of Islamic finance. Alongside attracting co-financiers, we provide advice to governments and private sector groups on policies that encourage the establishment, expansion, and modernization of private enterprises.
For 20 years, we have continued to support the development of capital markets, best management practices, and enhancing the role of the market economy. ICD operates so we may complement the activities of IsDB in member countries and those of national financial institutions.
Documents for Investors
> Full year-end results are available in the Financial Reports
> Last 3 years Annual reports are available in the Annual Reports
> Documents for Sukuk are available in the Sukuk Programme
> Articles of agreements are available Here