The day-to-day business of ICD is conducted through ICD Management, consisting of the Chairman and the Chief Executive Officer (CEO). The Chairman of ICD's Board of Directors is the President of the Islamic Development Bank, the biggest shareholder in ICD. In this capacity, the Chairman presides over the meetings of the Board and participates in the meetings of the General Assembly. In both cases, the Chairman has no voting rights, expect in the event of a tie.

The CEO of ICD is the person vested by ICD's Articles of Agreement to carry out the business of the Corporation. For this purpose, he is empowered to appoint and dismiss the officers of ICD, approve (in accordance with ICD's Investment Guidelines and Regulations) the financing and investment operations of ICD, and implement ICD's overall strategy.