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.
#ICD_PS #ICD #IslamicFinance
Company Details
- Employees
- 173
- Founded
- -
- Address
- King Khalid Road, Al-Nazlah Al-Yamaniyah, Jeddah,mekkah 21514,saudi Arabia
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- icd-ps.org
- Keywords
- Islamic Finance, Development, Private Sector, Financial Services, Restructuring/rehabilitation of companies, Privatization, Securitization, Development of Islamic markets, Advisory and arrangement service, Sukuk, Funds, SMEs, ICD.
- HQ
- Jeddah, Mekkah
- Competitors
- Public Investment Fund (PIF), African Development Bank Group, SAB, Islamic Development Bank (IsDB), BADEA - Arab Bank for Economic Development in Africa, International Islamic Trade Finance Corporation (ITFC), The World Bank, Islamic Development Bank Institute (IsDBI), The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Arab Fund for Economic and Social Development.
Islamic Corporation For The Development Of The Private Sector (Icd) Questions
Islamic Corporation For The Development Of The Private Sector (Icd)'s website is icd-ps.org
Islamic Corporation For The Development Of The Private Sector (Icd)'s LinkedIn profile is https://sa.linkedin.com/company/icdps
Islamic Corporation For The Development Of The Private Sector (Icd) has
173 employees.
View email and phone details for 173
employees at Islamic Corporation For The Development Of The Private Sector (Icd).
Islamic Corporation For The Development Of The Private Sector (Icd)'s industry is
Financial Services
Islamic Corporation For The Development Of The Private Sector (Icd)'s top competitors are
Public Investment Fund (Pif),
African Development Bank Group,
Sab,
Islamic Development Bank (Isdb),
Badea - Arab Bank For Economic Development In Africa,
International Islamic Trade Finance Corporation (Itfc),
The World Bank,
Islamic Development Bank Institute (Isdbi),
The Islamic Corporation For The Insurance Of Investment And Export Credit (Iciec),
Arab Fund For Economic And Social Development.
Islamic Corporation For The Development Of The Private Sector (Icd)'s categories are Financial Services
Islamic Corporation For The Development Of The Private Sector (Icd)'s founding year is 1999
