What is The ICD?
The ICD, a member of the Islamic Development Bank Group, is dedicated to enhancing competition, entrepreneurship, and employment within its member nations. For 25 years, it has provided essential resources to promote Islamic finance, offered strategic advisory services to governments and private entities on enterprise and capital market development, and championed best management practices. The organization's impact is particularly pronounced in supporting small and medium enterprises (SMEs), driving inclusive and sustainable economic advancement.
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 a significant enterprise-level funding context, the ICD is poised to further amplify its development initiatives. The recent strategic investment signals a commitment to expanding its reach and impact, likely focusing on scaling existing programs, exploring new financial instruments, and deepening its engagement with SMEs. This infusion of capital will be instrumental in advancing its mission to empower the private sector and foster robust economic growth across its diverse member base.
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