The Islamic Corporation for the Development of the Private Sector is at the forefront of a massive drive to support SMEs.

Due to celebrate its 15th anniversary in 2015, the Islamic Corporation for the Development of the Private Sector (ICD), the private sector funding arm of the Islamic Development Bank (IDB) Group, is a multilateral on the move. With investments in some 35 entities and increasing, it has embarked on a restructuring that will devolve its various activities into streamlined holding companies in asset management, leasing (Ijara), financing through lines of credit and equity investments, primarily in Islamic banks, into stand-alone holding companies each with its own specialised management.