Islamic Corporation for the Development of the Private Sector (ICD) Email Format
Financial ServicesMecca, Saudi Arabia51-200 Employees
ICD is a multilateral development finance institution within the IsDB Group that targets private sector development across its member countries. It provides Shariah-compliant financing and advisory services to help private enterprises access capital and grow sustainably, including support for SMEs and infrastructure projects. Its offerings span project and structured finance, SME financing programs, privatization and restructuring advisory, Islamic capital markets (such as Sukuk and funds), and co-financing and syndication. It operates in 55 member countries across Asia, Africa, Europe, and Latin America. Headquartered in Jeddah, Saudi Arabia, ICD was founded in 1999 and serves banks and financial institutions seeking Islamic finance partnerships, SMEs and private enterprises needing growth capital, and governments developing private sector policy frameworks. In April 2026, ICD announced a collaboration with UNDP and ICIEC to explore a blended finance structure intended to catalyze private investment in climate-smart sectors.