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ICDPS ICD has an authorized capital of $4 billion. Currently, the shareholders of ICD are the IsDB, 55 Islamic countries and five public financial institutions.

ICD is an independent international multilateral financial institution created for the development of its Member Countries through investment in the private sector. 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 fosters sustainable economic growth in its 55 member countries by financing private sector investment, mobilizing capital in the international financial markets, and providing advisory services to business and governments. ICD financing projects are selected on the basis of their contribution to economic development considering factors such as job creation, Islamic finance development, contribution to exports etc. ICD also provides advisory services to governments and private sector groups on policies designed to encourage the establishment, expansion and modernization of private enterprises, development of capital markets, best management practices and to enhance the role of the market economy. ICD operates to complement the activities of the IDB in member countries and also that of national financial institutions.

At ICD, co-financing is a key mechanism through which we scale impact and deliver meaningful results across member count...
19/10/2026

At ICD, co-financing is a key mechanism through which we scale impact and deliver meaningful results across member countries. It goes beyond collaboration it is a strategic approach to unlocking greater value.

Through co-financing, we:
→ Expand access to capital for member country economies
→ Strengthen risk-sharing frameworks to reach underserved markets
→ Enhance the efficiency and targeting of financing
→ Generate stronger, more sustainable outcomes for businesses and communities

This approach enables growth that is broader, more inclusive, and more resilient than what any single institution can achieve alone.

ICD’s co-financing model reflects a fundamental belief: impactful development is not achieved in isolation it is driven by partnership.

Learn more about our support to banking sector: https://www.icd-ps.org/en/icd-global-hub 

ICD extends its congratulations to Azerbaijan on the Day of Restoration of Independence. 🇦🇿This historic occasion reflec...
18/10/2026

ICD extends its congratulations to Azerbaijan on the Day of Restoration of Independence. 🇦🇿

This historic occasion reflects Azerbaijan’s renewed sovereignty and its journey of progress, resilience, and economic transformation.

Through strategic partnerships, access to finance, and support for private sector development, ICD continues to contribute to expanding opportunities for businesses and advancing sustainable growth in Azerbaijan and across its member countries.

Learn more about ICD’s development impact:
https://www.icd-ps.org/en/icd-global-hub

ICD is pleased to announce the signing of an Expression of Intent (EoI) with BIBD Bank Islam Brunei Darussalam Berhad (B...
15/10/2026

ICD is pleased to announce the signing of an Expression of Intent (EoI) with BIBD Bank Islam Brunei Darussalam Berhad (BIBD) to explore opportunities for collaboration in Shariah-compliant financing and private sector development.

Signed in Bangkok on the sidelines of the The World Bank Group and International Monetary Fund Annual Meeting, the EoI places particular focus on Micro, Small and Medium Enterprises (MSMEs), entrepreneurship, and strategic sectors that can contribute to Brunei Darussalam’s economic diversification goals.

Through the partnership, ICD and BIBD will explore ways to strengthen access to Shariah-compliant financial solutions for businesses while supporting entrepreneurship, business development, employment generation, and sustainable private sector growth.

The EoI also establishes a framework for knowledge exchange, institutional collaboration, and the exploration of opportunities across areas of mutual interest in Islamic finance, while supporting Brunei Darussalam’s progress toward the objectives of Brunei Vision 2035.

The collaboration reflects ICD’s continued commitment to expanding access to Shariah-compliant finance, strengthening partnerships with domestic financial institutions, and advancing sustainable private sector development across its member countries.

Read more: https://icd-ps.org/en/news/the-islamic-corporation-for-the-development-of-the-private-sector-and-bank-islam-brunei-darussalam-sign-expression-of-intent-to-advance-shariah-compliant-private-sector-development-in-brunei-darussalam

Rural women play a vital role in strengthening communities, supporting food systems, and driving local economic activity...
15/10/2026

Rural women play a vital role in strengthening communities, supporting food systems, and driving local economic activity.

On the International Day of Rural Women, ICD recognizes the importance of expanding opportunities for women entrepreneurs and improving access to finance across rural economies.

By supporting agribusinesses, SMEs, and inclusive private sector development, ICD helps create stronger pathways for women to contribute to resilient communities and sustainable growth.

Explore ICD’s development impact:

https://www.icd-ps.org/en/icd-global-hub

ICD congratulates Equatorial Guinea on its Independence Day. 🇬🇶This national occasion reflects the country’s journey, as...
12/10/2026

ICD congratulates Equatorial Guinea on its Independence Day. 🇬🇶

This national occasion reflects the country’s journey, aspirations, and continued efforts toward building a more resilient and diversified economy.

By encouraging private sector participation and improving access to finance, ICD helps create an enabling environment for enterprise growth, investment, and sustainable economic development across its member countries.

Discover more about ICD’s work and development impact:
https://www.icd-ps.org/en/icd-global-hub

10/10/2026

H.E. Dr. Muhammad Al Jasser, Chairman of the Group, is leading the IsDB Group delegation to the 2026 Annual Meetings of the and in , Thailand 🇹🇭, from 12 to 18 October.

The delegation includes senior leadership from across the IsDB Group, including Dr. Khalid Khalafalla, CEO of ICIEC and Acting CEO of ICDPS, and Eng. Adeeb Y. Al-Aama, CEO of International Islamic Trade Finance Corporation - ITFC .

Through high-level engagements, strategic discussions, and new partnerships and financing agreements, the IsDB Group will seek to strengthen global partnerships and advance development cooperation.

Stay tuned for key highlights of the IsDB Group’s participation.

Read more: https://www.isdb.org/news/isdb-group-chairman-leads-delegation-at-the-2026-world-bank-imf-annual-meetings-in-bangkok

ICD congratulates Uganda on its Independence Day. 🇺🇬This occasion celebrates a nation with strong growth potential, a vi...
10/10/2026

ICD congratulates Uganda on its Independence Day. 🇺🇬

This occasion celebrates a nation with strong growth potential, a vibrant entrepreneurial landscape, and an ongoing commitment to building a more diversified and resilient economy.

By supporting access to finance and strengthening private sector participation, ICD contributes to empowering businesses, creating opportunities, and advancing sustainable development across its member countries.

Learn more about ICD’s support for private sector development:

https://www.icd-ps.org/en/icd-global-hub

Strong financial decisions today help build greater resilience for tomorrow.On World Financial Planning Day, ICD recogni...
07/10/2026

Strong financial decisions today help build greater resilience for tomorrow.

On World Financial Planning Day, ICD recognizes the importance of financial awareness, sound planning, and access to appropriate financial solutions in supporting sustainable economic progress.

Through Shariah-compliant financing and strong financial partnerships, ICD works to broaden access to finance, empower private sector enterprises, and contribute to more resilient economies across its member countries.

Explore ICD’s development impact:
https://www.icd-ps.org/en/icd-global-hub

ICD extends its warm congratulations to Iraq on its Independence Day. 🇮🇶This national occasion marks an important chapte...
03/10/2026

ICD extends its warm congratulations to Iraq on its Independence Day. 🇮🇶

This national occasion marks an important chapter in Iraq’s history and reflects the country’s enduring strength, ambition, and potential for continued development.

Through its support for private sector growth, access to finance, and enterprise development, ICD contributes to creating stronger economic opportunities and promoting sustainable progress across its member countries.

Discover more about ICD’s work and development impact:
https://www.icd-ps.org/en/icd-global-hub

ICD congratulates Guinea on its Independence Day. 🇬🇳A day that reflects the country’s history, resilience, and continued...
03/10/2026

ICD congratulates Guinea on its Independence Day. 🇬🇳

A day that reflects the country’s history, resilience, and continued aspirations for economic and social progress.

By supporting private sector enterprises and expanding access to finance, ICD works to strengthen local businesses, encourage investment, and help create sustainable opportunities for long-term growth.

Learn more about ICD’s development impact across its member countries:

https://www.icd-ps.org/en/icd-global-hub

Address

8001 King Khalid Road, An Nazlah Al Yamaniyah District
Jeddah
22332

Opening Hours

Monday 7:30am - 5:30pm
Tuesday 7:30am - 5:30pm
Wednesday 7:30am - 5:30pm
Thursday 7:30am - 5:30pm
Sunday 7:30am - 5:30pm

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