The Islamic Corporation for the Development of the Private Sector (ICD) is the multilateral strategic partner of IFN and REDmoney Group, the leading Islamic finance news provider and producer of market-leading conferences.
The IFN 2023 Annual Guide highlights the numerous opportunities and initiatives emerging from the past year along with an appealing theme of investing into infrastructure to rebuild more resilient economies after the COVID-19 pandemic.
In this context, we would like to emphasize that the ICD is keen to support its member countries and stands ready to partner with a wide range of developers to assure a strong and sustainable economic recovery.
In fact, the ICD selects projects (including infrastructure and public–private partnership projects) based on their contribution to the economic development of its member countries taking into consideration factors such as job creation, Islamic finance development and overall contribution to the SDGs.
The ICD extends lines of finance to financial institutions to support the SMEs in their development path. In addition, the ICD provides advisory solutions to governments and private sector entities to encourage the establishment, expansion and modernization of enterprises, development of capital markets and best management practices.
As 2023 is approaching, we will partner with multilaterals, Islamic financial institutions and governments to further drive the Islamic finance agenda for development purposes.