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 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

Investment and Financial Strategy Team

Strategy and Performance Management

Leadership Team

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Team members

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

Investment and Financial Strategy Team

Strategy and Performance Management