Islamic Corporation for the Development of the Private Sector (ICD)

The Islamic Corporation for the Development of the Private Sector (ICD) is a pivotal multilateral organization committed to fostering economic advancement across its member countries. Affiliated with the Islamic Development Bank (IsDB), the ICD operates with an authorized capital of USD 4 billion, with USD 2 billion available for subscription.

Based in Jeddah, Saudi Arabia, at King Khalid Road, Al-Nazlah Al-Yamaniyah, Jeddah, Mekkah 21514, SA, the Islamic Corporation for the Development of the Private Sector (ICD) provides crucial financial assistance to private sector projects, adhering strictly to Shari’ah principles. ICD aims to stimulate job creation and enhance export capabilities within its member nations. The shareholders comprise the IsDB, 55 member countries, and five distinguished public financial institutions. The Islamic Corporation for the Development of the Private Sector (ICD) actively encourages the expansion of Islamic finance and attracts co-financiers for diverse projects.

Through strategic advisory services, the Islamic Corporation for the Development of the Private Sector (ICD) significantly contributes to policy development, promoting the establishment, modernization, and growth of private enterprises. The company enhances the role of market economies within its operational scope. To discover more about how the Islamic Corporation for the Development of the Private Sector (ICD) can assist your organization, we encourage you to reach out today. We invite the manager to create a customized and exclusive company showcase and product listing on our platform.