ICD starts Corporate MBA programme with IE Business School

Source: ICD.

IE Business School in Spain and the Islamic Corporation for the Development of the Private Sector (ICD) have signed an agreement to create a Corporate MBA programme specifically developed for the employees of ICD, Islamic Development Bank (IDB) Group and private sector entities from their member countries.

Harnessing and developing talent, building a high performance culture by creating an conducive environment- transparent, merit driven and supportive are main objectives of ICD. In line with its private sector developmental mandate, ICD is keen to build a pool of highly talented young executives who are capable of supporting the channels and investees current and future business requirements.

The 15-month Corporate MBA programme will include 10 residential periods, each a week in length. The opening and closing sessions, including the graduation ceremony, will take place on the IE Business School campus in Madrid, Spain, and six residential periods will be held at the ICD headquarters in Jeddah, Saudi Arabia. The remaining two modules will be taught by faculty at collaborating US-based schools, including Harvard Kennedy School in Cambridge, Massachusetts.

Between these face-to-face classroom sessions, ICD students will use IE’s online learning platform to access multimedia material and cases, group work, and class updates.

The 40 executives participating in the initial Corporate MBA program have been chosen by ICD as experienced employees with an average of 10 years of work experience. The graduates will receive an MBA degree from IE Business School.

The core ICD MBA curriculum will include marketing, accounting, strategy, economics, finance – including valuation and behavioral finance – operations, and entrepreneurship. Courses will also develop the leadership, teamwork, and negotiation skills of participants. Instruction at Harvard Kennedy School will include a policy perspective on the MBA curriculum.

Dr Abdelziz Mustafa, representing the Chief Executive Officer of ICD Khaled Al Aboodi said: "The mandate of ICD is basically development. We are certain that a critical part of the development is education. In this regard, ICD management is keen to build the capacity of its staff in order to be able to develop and apply the best practices in our markets in the member countries. Furthermore, ICD is not only financing and investing institution but also advising and catalysing positive change”.