What is The ICD?
The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank Group, is dedicated to enhancing competition, entrepreneurship, and employment within its member countries. For 25 years, ICD has been a key provider of resources to promote Islamic finance, offering advisory services to governments and private sectors on enterprise and capital market development, and championing best management practices. The organization's impact is particularly pronounced in supporting small and medium enterprises (SMEs), driving inclusive and sustainable economic expansion.
How much funding has The ICD raised?
The ICD has raised a total of $800M across 1 funding round:
Other Financing Round
$800M
Other Financing Round (2017): $800M, investors not publicly disclosed
What's next for The ICD?
With substantial enterprise-level backing and a recent strategic investment, ICD is poised to further its mission of empowering the private sector. This capital will likely fuel expanded initiatives in Islamic finance, deepen support for SMEs, and bolster efforts to develop capital markets and foster entrepreneurship. The organization's continued focus on sustainable growth and best practices positions it for sustained influence in advancing economic development across its member countries.
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