Welcome to the ICD Web Site

ICD's Performance 1421-mid 1425H (2000-2004)

IDB 31st Annual Meeting

Our Mission
To complement the role played by the Islamic Development Bank (IDB) through:

* Providing Islamic financial services & products.

* Promoting competition and entrepreneurship in member countries.

* Advising governments & businesses.

* Encouragaing cross country investments.

Our Vision
To be a major player in the development and promotion of the private sector as a vehicle for economic and social growth and prosperity in member countries.

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Our Latest News

Solidarity Fund Chairman Discusses Ways to Support Micro Projects in Palestine

ICD Headquarters, 10th June 2006 __ In order to support income-generating projects for Palestinian poor families, and as per the directives of the CEO & General Manager, Mr. Abdulmajied Bannan, Chairman of the ICD Solidarity Fund Committee, has recently met Ms. Fatima El Gadaa, owner of "El Hana" needle work and sewing workshop in Kalkelia, Palestine, to look into how ICD can support such projects.

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ICD Holds its 6th General Assembly Meeting in Kuwait

ICD Headquarters, June 4th 2006 __ ICD's 6th General Assembly Meeting was held on 31st May 2006 at the Sheraton hotel in Kuwait, in conjunction with the 31st Meeting of the Board of Governors of the Islamic Development Bank (IDB). The meeting was chaired by H.E. Mr. Bader M. Al-Humaidhi, Kuwaiti Minister of Finance and IDB Governor for Kuwait.

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ICD in the News

The following is a press clipping from the Kuwaiti daily Al-Anba'a (1st June 2006) covering the Corporation's annual meeting.

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ICD Completes its Sixth Year

The Following brochure has been released on the occasion of the completion of the 6th year to reflect the achievements made so far.

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Maldives' Minister of Finance and Treasury Visits ICD

Wednesday, 12th April 2006 __ H.E. Dr. Ali A. Soliman, CEO and General Manager, has received H.E. Mr. Qassim Ibrahim, Minister of Finance and Treasury and Governor of the Maldives Monetary Authority. The delegation also included H.E. Mr. Riluwan Shareef, Deputy Minister, and H.E. Dr. Hussain Niyaaz, Executive Director of the Department of External Resources at the Ministry of Foreign Affairs.

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ICD and Partners Launch New
Real Estate Development Company

Jeddah, 10th April 2006 __ A shareholders' agreement was signed yesterday at the IDB Headquarters between ICD, the Saudi Economic and Development Company (SEDCO) and the Bahrain-based International Investment Bank (IIB) for the establishment of a real-estate development company in Saudi Arabia. With a capital amounting to SR 400 million (USD 107 million), the new company's investments in the next five years are expected to reach SR 10 billion. Its main focus will be on the construction of housing units and compounds in different regions of the Kingdom.

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CEO Addresses Economic Forum in Algiers

ICD Headquarters, 25th March 2006 __ H.E. Dr. Ali A. Soliman, CEO & General Manager, addressed the first forum on Islamic modes of financing for SMEs, organized in Algiers on 5 March 2006 in cooperation with the Economic Club of Algeria. About 90 delegates from the business community and those interested in Islamic finance attended this event.

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CEO Attends International Forum of
ICT Strategies & Investment in Marrakech

ICD Headquarters, 25th March 2006 __ H.E. Dr. Ali A. Soliman, CEO & General Manager, took part in the International Forum of ICT Strategies and Investment (IFISI 2006), organized by the Kingdom of Morocco in cooperation with the Islamic Development Bank (IDB) in Marrakech on 1-3 March 2006.

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ICD Holds 2005 Businessman-of-the-Year and Man-of-the-Year Award Ceremony

ICD Headquarters, 12 Feb. 2006 _ In conjunction with its 33rd Board meeting (24/01/2006), ICD organized its 2005 Businessman-of-the-Year and Man-of-the-Year award ceremony. This annual tradition is meant to honor and encourage outstanding clients and staff members.

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.
. .
  Solidarity Fund Chairman Discusses Ways to
Support Micro Projects in Palestine

  ICD Holds its 6th General Assembly Meeting in Kuwait
  ICD in the News
 

ICD Completes its Sixth Year

  Maldives' Minister of Finance and Treasury Visits ICD
  ICD and Partners Launch New
Real Estate Development Company

  CEO Addresses Economic Forum in Algiers
 

CEO Attends International Forum of
ICT Strategies & Investment in Marrakech

  ICD Holds 2005 Businessman-of-the-Year and Man-of-the-Year Award Ceremony
. .
.

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