ICD

icd

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 (“IDB”) 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 encouraging cross border investments.

ICD has an authorized capital of $2 billion of which $1.0 billion is available for subscription. Currently, the shareholders of ICD are the IDB (50%), 52 Islamic countries (30%) and five public financial institutions (20%).


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