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)

Nazih al-Naser .

Mohammed al-Maghrabi

Talal K A.

Mostafa El Eskandarany

Askar Baimuldin

Mounir Jouanedy

Hamza Alsaktawi

Osman Büyükmutlu

Elvin Afandi

Jawad Khokhar

Saani Ibrahim

Tarik Malaika

Mansour Fall

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

Leadership Team

Strategy and Performance Management

Investment and Financial Strategy Team

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Other teams at Islamic Corporation for the Development of the Private Sector (ICD)

Leadership Team

Strategy and Performance Management