Established in November 1999, the ICD's mandate is to support the economic development of its member countries by providing Shari'ah-compliant financing for private sector projects, promoting competition, and encouraging entrepreneurship. It provides a range of financial products and services including direct financing (debt and equity), asset management, and advisory services to private enterprises. The ICD also plays a crucial role in promoting Islamic finance and encouraging cross-border investments among its member countries.

Founded in

Saudi Arabia