ICDPS

The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral development financial institution and a member of the Islamic Development Bank (IsDB) Group. Established in 1999, it provides Islamic finance solutions across 57 member countries, supporting private-sector growth and development. ICD funds projects designed to foster competition, entrepreneurship, employment and export potential.

Its services include lines of finance, equity investments, and infrastructure and corporate finance. The institution also helps mobilize resources, attract co-financiers and expand access to Islamic finance. Through advisory work, it supports governments and private-sector organizations in establishing, developing and modernizing businesses and capital markets, while promoting effective management practices and stronger market economies.

ICD’s financing supports businesses and financial institutions, including small and medium-sized enterprises, through Shariah-compliant facilities and partnerships. The organization reports that it has supported 42,365 micro, small and medium-sized enterprises, contributed to 575 projects and helped more than one million clients gain access to Islamic finance