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About ICD

The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral development financial institution and is part of the Islamic Development Bank (IsDB) Group.

ICD was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to the governments and private companies and encouraging cross-border investments.

ICD has an authorized capital of $4 billion. Currently, the shareholders of ICD are the IsDB, 55 member countries, and 5 public financial institutions. ICD Rated A2’ by Moody’s, ‘A’ by S&P and, A+ by Fitch.

ICD Mandate and Objectives

ICD has set out its long-term strategic ambition in its 10-Year Strategy that builds on Five strategic pillars:

  1. Focus core offerings in financial institutions (FIs)
  2. Implement innovative products and services
  3. Grow in a financially sustainable way
  4. Serve member countries based on their development needs
  5. Deepen collaboration within IsDB group, FIs and partners

ICD selects new projects based on their contribution to economic development of its member countries considering factors such as job creation, Islamic finance development and overall contribution to SDGs. ICD also provides advisory solutions to governments and private sector entities to encourage the establishment, expansion and modernization of enterprises, development of capital markets, best management practices and to enhance the role of the market economy.

Going forward, ICD will also apply Fintech to make finance more efficient and inclusive for sustainable development. Financial institutions in the ICD member countries will benefit the most from Fintech innovations using AI, robotics, blockchain, data analytics and cloud services. In addition, ICD will build on the platform which is centered on its rich network of Financial Institutions across the globe. Through them, the IsDB Group in general and ICD in particular, would leverage access to the member countries and avail financing opportunities to help them achieving their SDGs.


Tel: (966-12) 6361400,

Tel: (966-12) 6441644,

Fax: (966-12) 644 4427



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Event Sponsorships

Bonds, Loans & Sukuk Middle East 2020 - Bronze Sponsor

Bonds, Loans & Sukuk Saudi Arabia 2019 - Bronze Sponsor

Bonds, Loans & Sukuk Turkey 2019 - Bronze Sponsor

Virtual Event Sponsorships

Capital Markets Saudi Arabia 2021 - Bronze Sponsor

Bonds, Loans & Sukuk Turkey 2021 Virtual Conference - Multilateral Sponsor

Bonds, Loans & Sukuk Middle East 2020 - Virtual Conference - Multilateral Sponsor


Ikbal Daredia
Speaker at these virtual events:

Bonds, Loans & Sukuk Middle East 2020 - Virtual Conference

Tarik Malaika
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Bonds, Loans & Sukuk Middle East 2020