Our Stakeholders
ICD works through a network of key stakeholders, including our founding institution the Islamic Development Bank, a broad base of public financial institutions, and 56 member countries across Africa, Asia, and the Middle East. Together, these partnerships drive private sector development and sustainable economic growth across the Islamic world.
The Bank
Founding Institution
Islamic Development Bank
IsDB Group — Jeddah, Saudi Arabia
ICD is a member of the Islamic Development Bank (IsDB) Group. The IsDB is a multilateral development bank working to improve the lives of people across its 57 member countries by promoting social and economic development in accordance with the principles of Islamic finance. As the founding institution, the IsDB plays a central role in ICD's mission and strategic direction.
57
Member Countries
1975
Established
Public Financial Institutions
National Bank Of Algeria
Algeria
www.bna.dz
The first national commercial bank established on 13 June 1966, performing all activities of a bank deposit. It provides financial services including trade associations and businesses, handling all banking, currency and credit under the law and the regulation of banks. Its capital was significantly increased in June 2009 through the issue of 27,000 new shares subscribed and held by the Treasury.
Saudi Public Investment Fund
Saudi Arabia
www.pif.gov.sa
The Public Investment Fund (PIF) was established by Royal Decree No. M/24 in 1971. Its purpose is to provide financing support to productive projects of a commercial nature and strategically significant for the development of the national economy, which cannot be implemented by the private sector alone due to insufficient experience or inadequate capital resources.
Bank Melli Iran
Iran
www.bmi.ir/en
Bank Melli Iran developed into an active and dynamic element in the country's economic advancement. In 1931, parliament granted it sole powers to issue banknotes, establishing it as the country's bank of issue. It handles government-banking operations, regulation of currency circulation, maintenance of balance of payments surpluses, and supervision of the country's banking system.
Iran Foreign Investment Company
Iran
www.ific.org.ir
Incorporated in March 1998 as a Private Joint Stock company, IFIC's mission is to manage and expand Iranian holdings abroad. It provides financing and financial services across energy, telecom, IT, banking, insurance, stock markets, industry, mining, oil, gas, and petrochemicals, with ventures across Germany, Brazil, Egypt, Jordan, Sudan, Yemen, Namibia, Oman, UAE, and Armenia.
Keshavarzi Bank
Iran
www.bki.ir/en
The Agricultural Development Bank of Iran (ADBI) was founded in 1969 to finance large-scale development projects in the agricultural sector. Following the Islamic revolution, two prior banks were merged to form Bank Keshavarzi, which provides quality banking services to the rural population and the agriculture sector across the country.
56 Member Countries
ICD operates across 56 member countries spanning five regions. Each member country plays an active role in shaping ICD's mission to develop the private sector and stimulate sustainable economic growth within the IsDB Group framework.
7
North Africa
Supporting development and economic growth with focus on diversification and private sector strengthening.
20
Sub-Saharan Africa
Supporting infrastructure, agriculture, and financial sector growth across the region for sustainable development.
13
Middle East
Driving economic diversification and transformation through innovative private sector solutions.
8
CIS & Europe
Fostering cross-border infrastructure and trade relationships to unlock growth potential.
8
Southeast Asia
Engaging with the region's dynamic economies to drive inclusive growth and develop private sectors.
North Africa
7
Algeria
Egypt
Libya
Mauritania
Morocco
Sudan
Tunisia
Sub-Saharan Africa
20
Benin
Burkina Faso
Cameroon
Chad
Comoros
Cote d'Ivoire
Djibouti
Gabon
The Gambia
Guinea
Guinea Bissau
Mali
Mozambique
Niger
Nigeria
Senegal
Sierra Leone
Somalia
Togo
Uganda
Middle East
13
Bahrain
Iran
Iraq
Jordan
Kuwait
Lebanon
Palestine
Qatar
Saudi Arabia
Sultanate of Oman
Syria
United Arab Emirates
Yemen
CIS & Europe
8
Albania
Azerbaijan
Kazakhstan
Kyrgyz Republic
Tajikistan
Turkmenistan
Turkiye
Uzbekistan
Southeast Asia
8
Afghanistan
Bangladesh
Brunei Darussalam
Indonesia
Malaysia
Maldives
Pakistan
Suriname