The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral organization affiliated with the Islamic Development Bank (IsDB). Its authorized capital stands at USD 4 billion, of which USD 2 billion is available for subscription. Its shareholders consist of the IsDB, 55 member countries and five public financial institutions. 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). 
The mandate of ICD 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, aimed at creating employment opportunities and enhancing their export potential. Furthermore, ICD has the mandate of mobilizing additional resources for projects and encouraging the development of Islamic finance. It also attracts co-financiers for its projects and provides advice to governments and private sector groups on policies aimed at encouraging the establishment, expansion and modernization of private enterprises, the development of capital markets, best management practices, and the enhancement of the role of market economy. ICD’s operations complement the activities of IsDB in member countries and also those of national financial institutions. 

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

Islamic Corporation for the Development of the Private Sector (ICD)'s headquarters in Jeddah, Saudi Arabia

This department is responsible for managing and overseeing financial processes and direct financing activities.

Finance Operations

The Investment and Financial Strategy Team at ICD focuses on developing and implementing investment strategies that align with Islamic finance principles to support private sector growth in member countries. This team conducts market analysis, identifies investment opportunities, structures financial products such as Sukuk, and mobilizes resources to enhance the economic landscape. Additionally, they collaborate with various stakeholders, including government entities and private firms, to promote sustainable and impactful investments that drive employment and export potential.

Investment and Financial Strategy Team

The Leadership Team at the Islamic Corporation for the Development of the Private Sector (ICD) plays a critical role in steering the organization's strategic direction and ensuring alignment with its mandate to support economic development in member countries. This team is responsible for formulating policies, overseeing financial initiatives, and fostering partnerships that enhance private sector growth while adhering to Shari’ah principles. They also provide guidance on investment strategies, capital markets, and marketing efforts to effectively mobilize resources and attract co-financiers for development projects.

Leadership Team

This department focuses on managing financial strategies, reporting, and investment solutions.

Finance and Investments

The Strategy and Performance Management team at the Islamic Corporation for the Development of the Private Sector (ICD) focuses on developing and implementing strategic initiatives that enhance organizational effectiveness and align with the ICD's mandate. This team monitors and evaluates program performance, conducts research for corporate strategy, and provides insights on best practices to optimize the impact of private sector projects. By ensuring that strategies are effectively executed, they aim to promote economic development and foster collaboration with stakeholders in line with Shari’ah principles.

Strategy and Performance Management

This department oversees and manages investment portfolios, ensuring effective performance and adherence to strategic objectives.

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Other teams

Investment and Financial Strategy Team

Leadership Team

Finance and Investments

Strategy and Performance Management

Portfolio Management