The Islamic Corporation for the Development of the Private Sector (ICD)

Jeddah - Saudi Arabia
Joined May 2014
Modern healthcare can transform lives, communities, and entire regions. The Kokshetau PPP Multidisciplinary Hospital Project is designed to strengthen healthcare delivery in Northern Kazakhstan through modern infrastructure, broader access to quality medical services, and an effective public-private partnership model that supports long-term development. What makes this project a milestone for healthcare in the region? Discover more. See how ICD is turning financing into impact: 2025.ar.icd-ps.org/en/capita…  #ICD #ProgressBeyondBorders #SDGs #InclusiveGrowth #SustainableDevelopment
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ICD’s 2025 project approvals reflect a disciplined and strategically balanced sectoral allocation, with financial intermediation serving as the primary channel for expanding access to finance and strengthening financial ecosystems. This focus is complemented by selective investments in key real-economy sectors, supporting private sector growth, economic resilience, and sustainable development across member countries.  Discover ICD’s projects shaping sustainable growth:  2025.ar.icd-ps.org/en/capita…  #ICD #ProgressBeyondBorders #SDGs #InclusiveGrowth #SustainableDevelopment
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At ICD, co-financing is a key mechanism through which we scale impact and deliver meaningful results across member countries. It goes beyond collaboration it is a strategic approach to unlocking greater value. Through co-financing, we: → Expand access to capital for member country economies → Strengthen risk-sharing frameworks to reach underserved markets → Enhance the efficiency and targeting of financing → Generate stronger, more sustainable outcomes for businesses and communities This approach enables growth that is broader, more inclusive, and more resilient than what any single institution can achieve alone. ICD’s co-financing model reflects a fundamental belief: impactful development is not achieved in isolation it is driven by partnership. Learn more about our support to banking sector: icd-ps.org/en/icd-global-hub  #ICD #ProgressBeyondBorders #SDGs #InclusiveGrowth #SustainableDevelopment
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ICD extends its congratulations to Azerbaijan on the Day of Restoration of Independence. 🇦🇿 This historic occasion reflects Azerbaijan’s renewed sovereignty and its journey of progress, resilience, and economic transformation. Through strategic partnerships, access to finance, and support for private sector development, ICD continues to contribute to expanding opportunities for businesses and advancing sustainable growth in Azerbaijan and across its member countries. Learn more about ICD’s development impact: icd-ps.org/en/icd-global-hub #ICD #ProgressBeyondBorders #Azerbaijan #RestorationOfIndependence #PrivateSectorDevelopment
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ICD is pleased to announce the signing of an Expression of Intent (EoI) with BIBD Bank Islam Brunei Darussalam Berhad (BIBD) to explore opportunities for collaboration in Shariah-compliant financing and private sector development. Signed in Bangkok on the sidelines of the The World Bank Group and International Monetary Fund Annual Meeting, the EoI places particular focus on Micro, Small and Medium Enterprises (MSMEs), entrepreneurship, and strategic sectors that can contribute to Brunei Darussalam’s economic diversification goals. Through the partnership, ICD and BIBD will explore ways to strengthen access to Shariah-compliant financial solutions for businesses while supporting entrepreneurship, business development, employment generation, and sustainable private sector growth. The EoI also establishes a framework for knowledge exchange, institutional collaboration, and the exploration of opportunities across areas of mutual interest in Islamic finance, while supporting Brunei Darussalam’s progress toward the objectives of Brunei Vision 2035. The collaboration reflects ICD’s continued commitment to expanding access to Shariah-compliant finance, strengthening partnerships with domestic financial institutions, and advancing sustainable private sector development across its member countries. Read more: icd-ps.org/en/news/the-islam… #ICD #BIBD #IslamicFinance #BruneiDarussalam #PrivateSectorDevelopment
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Rural women play a vital role in strengthening communities, supporting food systems, and driving local economic activity. On the International Day of Rural Women, ICD recognizes the importance of expanding opportunities for women entrepreneurs and improving access to finance across rural economies. By supporting agribusinesses, SMEs, and inclusive private sector development, ICD helps create stronger pathways for women to contribute to resilient communities and sustainable growth. Explore ICD’s development impact: icd-ps.org/en/icd-global-hub #ICD #ProgressBeyondBorders #InternationalDayOfRuralWomen #WomenEntrepreneurs #RuralDevelopment
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ICD congratulates Equatorial Guinea on its Independence Day. 🇬🇶 This national occasion reflects the country’s journey, aspirations, and continued efforts toward building a more resilient and diversified economy. By encouraging private sector participation and improving access to finance, ICD helps create an enabling environment for enterprise growth, investment, and sustainable economic development across its member countries. Discover more about ICD’s work and development impact: icd-ps.org/en/icd-global-hub #ICD #ProgressBeyondBorders #EquatorialGuinea #PrivateSectorDevelopment #EconomicDiversification
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H.E. Dr. Muhammad Al Jasser, Chairman of the #IsDB Group, is leading the IsDB Group delegation to the 2026 Annual Meetings of the @WorldBank and @IMFNews in #Bangkok, Thailand 🇹🇭, from 12 to 18 October. The delegation includes senior leadership from across the IsDB Group, including Dr. Khalid Khalafalla, CEO of @ICIEC_IDB and Acting CEO of @ICD_PS, and Eng. Adeeb Y. Al-Aama, CEO of @ITFCCORP. Through high-level engagements, strategic discussions, and new partnerships and financing agreements, the IsDB Group will seek to strengthen global partnerships and advance development cooperation. Stay tuned for key highlights of the IsDB Group’s participation. Read More: isdb.org/news/isdb-group-cha… #WBGMeetings #IMFMeetings
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ICD congratulates Uganda on its Independence Day. 🇺🇬 This occasion celebrates a nation with strong growth potential, a vibrant entrepreneurial landscape, and an ongoing commitment to building a more diversified and resilient economy. By supporting access to finance and strengthening private sector participation, ICD contributes to empowering businesses, creating opportunities, and advancing sustainable development across its member countries. Learn more about ICD’s support for private sector development: icd-ps.org/en/icd-global-hub #ICD #ProgressBeyondBorders #Uganda #PrivateSectorDevelopment #Entrepreneurship
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Strong financial decisions today help build greater resilience for tomorrow. On World Financial Planning Day, ICD recognizes the importance of financial awareness, sound planning, and access to appropriate financial solutions in supporting sustainable economic progress. Through Shariah-compliant financing and strong financial partnerships, ICD works to broaden access to finance, empower private sector enterprises, and contribute to more resilient economies across its member countries. Explore ICD’s development impact: icd-ps.org/en/icd-global-hub #ICD #ProgressBeyondBorders #WorldFinancialPlanningDay #FinancialInclusion #PrivateSectorDevelopment
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ICD extends its warm congratulations to Iraq on its Independence Day. 🇮🇶 This national occasion marks an important chapter in Iraq’s history and reflects the country’s enduring strength, ambition, and potential for continued development. Through its support for private sector growth, access to finance, and enterprise development, ICD contributes to creating stronger economic opportunities and promoting sustainable progress across its member countries. Discover more about ICD’s work and development impact: icd-ps.org/en/icd-global-hub #ICD #ProgressBeyondBorders #Iraq #PrivateSectorDevelopment #EconomicDevelopment #SustainableGrowth
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ICD congratulates Guinea on its Independence Day. 🇬🇳 A day that reflects the country’s history, resilience, and continued aspirations for economic and social progress. By supporting private sector enterprises and expanding access to finance, ICD works to strengthen local businesses, encourage investment, and help create sustainable opportunities for long-term growth. Learn more about ICD’s development impact across its member countries: icd-ps.org/en/icd-global-hub #ICD #ProgressBeyondBorders #Guinea #PrivateSectorDevelopment #EconomicGrowth #InclusiveGrowth
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ICD congratulates Nigeria on its Independence Day. 🇳🇬 This occasion is an opportunity to recognize Nigeria’s dynamic economy, entrepreneurial spirit, and continued ambition for sustainable development. By strengthening access to finance and supporting private sector enterprises, ICD contributes to creating opportunities that drive business growth, resilience, and long-term economic progress. Discover more about ICD’s support for private sector development: icd-ps.org/en/icd-global-hub #ICD #ProgressBeyondBorders #Nigeria #PrivateSectorDevelopment #Entrepreneurship #InclusiveGrowth
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ICD is pleased to announce the closing of a USD 10 million, seven-year Shariah-compliant term finance facility for Samuda Shipping Limited (SSL), a concern of TK-Samuda Group in Bangladesh. Eastern Bank PLC (EBL) arranged the facility and is serving as Security Agent and Account Bank for the transaction. The financing will support the acquisition of MT Samuda, a 22,000 MT edible oil tanker that will transport crude palm oil from international markets for processing at TK-Samuda Group's domestic edible oil refineries. By strengthening the Group's supply chain infrastructure, the transaction is expected to contribute to food security in Bangladesh. The transaction marks ICD's first engagement with TK-Samuda Group and builds on ICD's existing relationship with Eastern Bank PLC, further strengthening the partnership between the two institutions in support of Bangladesh's private sector. To Read More: lnkd.in/dJ2b3rM5 #ICD #IslamicFinance #Bangladesh #PrivateSectorDevelopment #ProgressBeyondBorders
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ICD is participating in the Turkmenistan Investment Forum 2026 (TIF 2026), bringing together investors, financial institutions, policymakers, and business leaders to explore investment and development opportunities across Turkmenistan and the wider region. Representing ICD, Mr. Samir Nadir Taghiyev, Expert, Direct Finance Division, Banking Department, will contribute to Session 4: “Development of Sustainable Trade and Services. Access to New Trade Markets. Public-Private Partnerships and Their Application in Various Sectors of the Economy.” Drawing on ICD’s experience in private sector & PPPs financing and regional partnerships, the discussion will explore how market access, sustainable trade, and public-private collaboration can support investment, strengthen connectivity, and create new opportunities for businesses and enabling environment for private sector growth. 📅 1 October 2026 📍 Ashgabat, Turkmenistan Read More: tif-turkmenistan.com/ #ProgressBeyondBorders #TIF2026 #Turkmenistan #PrivateSectorDevelopment #Investment
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As Turkmenistan celebrates its Independence Day, ICD extends its sincere congratulations to the nation and its people on this important occasion. We recognize Turkmenistan’s continued pursuit of economic development and shared prosperity, and remain committed to supporting private sector opportunities, sustainable investment, and Shari’ah-compliant financial solutions that contribute to long-term growth. Wishing Turkmenistan a future of continued progress and prosperity. Discover how ICD supports economic growth: : icd-ps.org/en/icd-global-hub  #Turkmenistan #IndependenceDay #IslamicFinance #SustainableDevelopment #EconomicProgress
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On Guinea-Bissau’s Independence Day, ICD celebrates a nation shaped by resilience, ambition, and the promise of greater opportunity. We remain committed to supporting the country’s private sector, broadening access to Shari’ah-compliant finance, and fostering an environment where businesses can grow, create value, and contribute to sustainable development. Warm wishes to the people of Guinea-Bissau for continued progress and prosperity. Discover more about ICD Support : icd-ps.org/en/icd-global-hub #GuineaBissau #IslamicFinance #PrivateSectorDevelopment #SustainableGrowth
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On Saudi National Day, we celebrate a nation built on ambition, unity, and a vision that continues to inspire progress. From a proud heritage to a future shaped by innovation and opportunity, the Kingdom of Saudi Arabia continues to move forward with confidence and purpose. Wishing the Kingdom, its leadership, and its people continued prosperity, success, and achievements. Explore ICD’s development impact in Saudi Arabia : icd-ps.org/en/icd-global-hub #SaudiNationalDay #اليوم_الوطني_السعودي #SaudiArabia
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On Saudi National Day, we celebrate a nation built on ambition, unity, and a vision that continues to inspire progress. From a proud heritage to a future shaped by innovation and opportunity, the Kingdom of Saudi Arabia continues to move forward with confidence and purpose. Wishing the Kingdom, its leadership, and its people continued prosperity, success, and achievements. Explore ICD’s development impact in Saudi Arabia : icd-ps.org/en/icd-global-hub  #SaudiNationalDay #اليوم_الوطني_السعودي #SaudiArabia
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On Mali’s Independence Day, ICD joins the nation in honoring its heritage, achievements, and aspirations for the future. Through continued support for private sector development and Shari’ah-compliant financing, ICD remains committed to helping expand economic opportunity, strengthen local businesses, and contribute to sustainable growth that benefits communities across the country. We extend our sincere congratulations to the Government and people of Mali and wish the nation continued progress and prosperity. Discover how ICD supports local economy: : icd-ps.org/en/icd-global-hub  #Mali  #PrivateSectorDevelopment #IslamicFinance #SustainableDevelopment
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