Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
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    • The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the Federation of Afro-Asian Insurers and Reinsurers (FAIR) Agree on New Cooperation on Trade and Investment
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the Federation of Afro-Asian Insurers and Reinsurers (FAIR) Agree on New Cooperation on Trade and Investment

The MoU was signed by Oussama A. Kaissi, CEO of ICIEC, and Mo’men Mukhtar, the Secretary-General of FAIR

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org) has signed a Memorandum of Understanding (MoU) with the Federation of Afro-Asian Insurers and Reinsurers (FAIR) to foster greater cooperation to encourage business collaboration among their members. Under the MoU, there will be greater cooperation between FAIR…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
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    • Oussama Kaissi, Chief Executive Officer, ICIEC, Eng. Hani Sonbol, Chief Executive Officer, ITFC, H.E. Hala H. Elsaid, Minister of Planning & Economic Development, Arab Republic of Egypt, H.E. Mostafa Kamal Madbouly, Prime Minister of Egypt, H.E. Dr. Muhammad Sulaiman Al Jasser, President, IsDB Group, Professor Benedict Oramah, President and Chairman of the Board of African Export-Import Bank (Afreximbank) and H.E. Mrs Nevin Gamea, Minister of Industry and Trade of Egypt
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Egypt, and Arab-Africa Trade Bridges (AATB) pen partnership agreement to boost growth and integration

The two-year Framework Agreement will focus efforts on trade promotion, specifically in sectors where significant added value is created

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org) and the Arab Republic of Egypt, represented by the Ministry of Trade and Industry and two other partners of the Arab-Africa Trade Bridges (AATB) Program, have signed a Framework Agreement to increase economic integration and support sustainable…

Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Shareholders Approve Substantial Capital Increase Demonstrating Adequate Support to its Strategic Growth Plans

The Governors approved a 150 percent increase in the authorized capital of ICIEC to make it ID 1 billion (about USD 1.35 billion), the largest in its history

The Board of Governors of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org) approved ID 600 million (about USD 805 million) increase in capital for the foremost Shariah-compliant multilateral insurer during its 29th Annual Meeting held in Sharm El Sheikh, Egypt on 4th June 2022. The…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
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    • The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Saudi EXIM Bank secure key reinsurance agreement
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Saudi EXIM Bank secure key reinsurance agreement

Under the agreement, ICIEC’s reinsurance will provide protection against commercial and political risks of issuing banks in the ICIEC Member States

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org) and Saudi EXIM Bank have signed reinsurance agreements during the Islamic Development Bank’s Private Sector Forum (PSF) that will help facilitate the flow of trade finance into and out of the Kingdom of Saudi Arabia. The Facultative…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
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    • The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Tabarak Investment Capital agree to the insurance cover for Shariah goods
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Tabarak Investment Capital agree to the insurance cover for Shariah goods

The approved limit for the policy is $100 million over a 12-month tenure

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org) and UAE-headquartered Tabarak Investment Capital have signed an insurance policy that will provide greater insurance cover for the export and import of Shariah-compliant goods and services. The documentary credit insurance policy will apply to the confirmation of…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
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    • ICIEC and Elsewedy Electric sign future-focused Memorandum of Understanding (MoU) to accelerate climate action
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Elsewedy Electric sign future-focused Memorandum of Understanding (MoU) to accelerate climate action

Elsewedy Electric is a leading global provider of energy solutions with a footprint across electric, engineering and construction, digital solutions and infrastructure investments

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org) cooperates with one of Egypt’s largest companies to accelerate climate action in the ICIEC Member States. The Memorandum of Understanding (MoU) between ICIEC and Elsewedy Electric provides a framework for joint action in promoting climate action and…

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    • The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Egypt and the Federation of Egyptian Industries (FEI) support Egyptian Industries with Framework Cooperation Arrangement
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Egypt and the Federation of Egyptian Industries (FEI) support Egyptian Industries with Framework Cooperation Arrangement

The cooperation under the MoU will also extend to training and capacity building opportunities

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org) has signed a Memorandum of Understanding (MoU) with the Arab Republic of Egypt and the Federation of Egyptian Industries (FEI) to facilitate co-operation and promote trade and investment opportunities for Egyptian industries. Under the agreement – the…

Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Strong 2021 Results Lays Foundation for Recovery in 2022

ICIEC is also proud to report that its membership grew to 48 Member States in 2021

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), the Insurance arm of the (IsDB) Group, has released its Annual Report and Audited Financial Statements for 2021, upon approval from its Board of Governors on 04th June 2022. The Corporation, a member of the Islamic Development…

Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) will Assemble Two High-Level Parallel Events Discuss Climate Action and Digital Transformation at ISDB Group Private Sector Forum in Egypt

The two discussions with senior speakers will dive deep into climate action and digital transformation

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org) is convening two special parallel events on June 2 and 3, at the IsDB Group’s Private Sector Forum, which will run at the IsDB’s 47th Annual Meetings in Sharm El-Sheikh, Egypt. The two discussions with senior speakers…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
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    • Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and International Federation of Islamic Takaful and Insurance Companies (IFTI) Sign Ground-Breaking MoU to Boost the Islamic Insurance Sector
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and International Federation of Islamic Takaful and Insurance Companies (IFTI) Sign Ground-Breaking MoU to Boost the Islamic Insurance Sector

One of the main objectives of the MOU is to promote the Islamic insurance industry and support the member institutions of the Federation in providing the best solutions and services

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org) and the International Federation of Islamic Takaful and Insurance Companies (IFTI) signed a ground-breaking Memorandum of Understanding (MOU) in a move designed to boost the development of the Islamic insurance sector. The MoU was signed by Mr…