From 2009 to 2014, ICD made significant steps in enhancing global partnerships and supporting SMEs within the framework of Islamic finance, underscored by notable agreements including a partnership with the Bank of Tokyo-Mitsubishi UFJ of Malaysia, resulting in a USD 100 million financing facility; a collaboration with the European Bank for Reconstruction and Development (EBRD) to create a USD 120 million investment fund for SMEs in the Mediterranean; and a significant MOU with the Japan International Cooperation Agency (JICA) to advance the Islamic finance sector.

During this period, ICD expanded its reach into the Shari’ah leasing sector in Malaysia and partnered with Al-Ajial Funds in Morocco. This was also the period when ICD joined the IDFC. The organization also hosted major international events like the Social Entrepreneurship Forum and a Business Plan Competition aimed at promoting entrepreneurship and networking. Notably, ICD signed an MOU with Djibouti’s Ministry of Finance to support its Special Economic Zone program in 2013, fostered relationships with banks such as Al-Baraka Islamic Bank, and launched significant syndication efforts, including a USD 45 million facility for PT Mandala Multifinance. Additionally, ICD established regional offices to enhance local engagement, led a USD 20 million syndicated Islamic facility for Tuwairqi Steel Mills, and created new Islamic banks while promoting intra-trade and special economic zones. Overall, ICD’s initiatives throughout these years reflected its commitment to strengthening Islamic finance and facilitating economic development across its member states, with a focus on fostering partnerships and supporting SMEs.