The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral development financial institution based in Jeddah, Saudi Arabia. Established in November 1999, it is a member of the Islamic Development Bank (IsDB) Group and operates with an authorized capital of $4 billion. ICD is jointly owned by the IsDB, 55–56 member Islamic countries, and five public financial institutions. ICD's primary mission is to promote private sector-led economic development in its member countries. It provides term financing for projects, equity contributions to enhance enterprise growth, and advisory services for capital market development. The organization also facilitates cross-border investments and promotes Sharia-compliant financial instruments. By focusing on high-impact sectors such as manufacturing, infrastructure, and technology, ICD aims to generate employment, strengthen Islamic finance infrastructure, and attract international investors, all while aligning its projects with global development goals.