The Islamic Corporation for the Development of the Private Sector

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 part of the Islamic Development Bank (IsDB) Group and was established in November 1999. With an authorized capital of $4 billion, its shareholders include the IsDB, 56 Islamic countries, and five public financial institutions. ICD funds projects aimed at creating competition, entrepreneurship, employment opportunities and export potential, and works to advance the development of Islamic finance, attract co-financiers, and advise governments and private sector groups on establishing, developing and modernizing private enterprises and capital markets.

The Islamic Corporation for the Development of the Private Sector (ICD) was established in November 1999 and is based in Jeddah as part of the Islamic Development Bank (IsDB) Group. Its shareholders include the IsDB, 56 Islamic countries, and five public financial institutions, with an authorized capital of $4 billion. ICD operates to complement the activities of the Islamic Development Bank in member countries and works alongside national financial institutions to maximize development impact. As ICD commemorates its 25th anniversary, it reflects on a legacy built on empowering the private sector and advancing development across member countries.

A multilateral development financial institution within the IsDB Group that complements the Islamic Development Bank's activities in member countries and works alongside national financial institutions to maximize development impact.

• Infrastructure & Corporate Finance (ICF)

  ICD, through its ICF operation, supports private sector participation toward economic growth and fulfillment of the SDGs by financing bankable corporate and infrastructure projects.

1. 1ICD Home pageicd-ps.org
2. 2About ICD | ICDicd-ps.org
3. 3Infrastructure & Corporate Finance | ICDicd-ps.org