The objectives of the new independent international organization will be to
stimulate private sector-led development in member countries by identifying and assessing
opportunities in the private sector through investment activities, merchant banking, asset
management and Islamic capital markets development.
ICD will be located at the IDB's headquarters in Jeddah, Saudi Arabia,
headed by a General Manager (GM) and will have its own Shari' ah Committee as well as an
independent Board of Directors.