Source: World Food Programme (WFP) |

Saudi Arabia’s donation to boost World Food Programme (WFP) refugees response in Tanzania

The contribution of dates will enhance the nutritional value of WFP’s food assistance to vulnerable groups such as pregnant and breastfeeding women and hospital patients

The United Nations World Food Programme (WFP) is pleased to announce a donation of 25 metric tons of nutritious dates from the Kingdom of Saudi Arabia through the King Salman Humanitarian Aid and Relief Centre (KSrelief) to support 200,000 refugees in Tanzania. The contribution of dates will enhance the nutritional…

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

Strengthening Global Partnerships: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Seals 13 Agreements Worth US$689 Million Across Diverse Sectors at the 2024 Islamic Development Bank Group (IsDB) Annual Meetings

This included the ICIEC’s High-Level Panel Discussion that highlighted the transformative role of Saudi investments in fostering economic growth across ICIEC Member States, in alignment with their national development agendas

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), the Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, successfully concluded the 2024 Annual Meetings, having signed thirteen significant agreements and MoUs totaling US$ 689 million. These commitments with fifteen member countries and…

Islamic Development Bank Group Business Forum (THIQAH)
Source: Islamic Development Bank Group Business Forum (THIQAH) |

Islamic Development Bank Group Announces Winners of Private Sector Forum Awards 2024 Recognizing Excellence in Islamic Finance and Development Initiatives

The PSF 2024 Awards honors exceptional achievements, groundbreaking innovations and impactful initiatives by market practitioners driving positive change through Shariah compliant financial instruments

The Islamic Development Bank Group (IsDB) announces the winners of the Private Sector Forum (PSF) 2024 Awards, celebrating outstanding contributions to Islamic finance and development initiatives across 57 member countries. The IsDB Group, comprising the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for…

Islamic Development Bank Institute (IsDBI)
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    • Islamic Development Bank Institute Fosters Islamic Finance Collaboration during 2024 Group Annual Meetings
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Source: Islamic Development Bank Institute (IsDBI) |

Islamic Development Bank Institute Fosters Islamic Finance Collaboration during 2024 Group Annual Meetings

Key areas for collaboration include promoting skills development, strengthening the legal and regulatory ecosystem, developing social safety nets, mainstreaming Islamic finance within the global financial architecture, and accelerating the achievement of SDGs

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) played an important role in supporting Islamic finance during the 2024 IsDB Group Annual Meetings and Golden Jubilee Celebration in Riyadh, Kingdom of Saudi Arabia. From April 27-30, IsDBI hosted 20 bilateral meetings with a diverse range of partners. This strong engagement underscores the…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
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    • Mr. Oussama Kaissi, CEO of ICIEC, and Mr. Adel bin Abdullah Al-Jumaa, Chief Strategy Officer, Agricultural Development Fund
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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 Kingdom of Saudi Arabia's (KSA) Agricultural Development Fund Collaborate to Strengthen Agricultural Sector

The MoU, in addition to strengthening the Fund’s employees’ understanding of ICIEC’s business model and services, will also facilitate its affiliations with relevant unions or professional associations

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-based multilateral insurer and esteemed member of the Islamic Development Bank (IsDB) Group, is pleased to announce the signing of a Memorandum of Understanding (MoU) with the Agricultural Development Fund (Saudi Arabia). The signing took place…

Islamic Development Bank Institute (IsDBI)
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    • Dr. Sami Al-Suwailem during the session in Riyadh KSA, 30 April 2024
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Source: Islamic Development Bank Institute (IsDBI) |

Dr. Sami Al-Suwailem Highlights Islamic Development Bank's Pioneering Role in Islamic Finance

The Acting Director General listed many firsts by the IsDB, including pioneering Islamic financial transactions and instruments, as well as creating an ecosystem for Islamic finance to grow

The Islamic Development Bank (IsDB) (https://IsDBInstitute.org) played a pioneering role and made defining contributions to the growth and development of Islamic finance globally over the past 50 years, Acting Director General of IsDB Institute, Dr. Sami Al-Suwailem, has said. Dr. Al-Suwailem made these remarks while welcoming participants of a side event…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
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    • Eng. Esmail Alsallom, CEO of INFRA, H.E. Dr. Muhammad Al Jasser, Chairman of the Board of Directors of ICIEC and Mr. Oussama Kaissi, ICIEC's CEO
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

CORRECTION: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Kingdom of Saudi Arabia’s National Infrastructure Fund (INFRA) Partner to Boost Infrastructure Development in Saudi Arabia

Through this collaboration, ICIEC will support INFRA’s efforts to accelerate strategic infrastructure projects in the Kingdom, contributing to the goals of Saudi Vision 2030

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a leading Shariah-based multilateral insurer and esteemed member of the Islamic Development Bank (IsDB) Group, is proud to announce the signing of a Memorandum of Understanding (MoU) with the National Infrastructure Fund of Saudi Arabia (INFRA). This…

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    • The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Société Générale S.A. Partner to Boost Senegal's Infrastructure Development
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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 Société Générale S.A. Partner to Boost Senegal's Infrastructure Development

This significant partnership will provide coverage for the EUR 259 million Murabaha financing facility extended by Société Générale

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-based multilateral insurer and esteemed member of the Islamic Development Bank (IsDB) Group, is proud to announce a landmark insurance agreement with the global financial services provider, Société Générale S.A. The agreement, focused on a Non-Honouring…

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 ZTE Strengthen Ties to Bolster Telecom Infrastructure and Connectivity
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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 ZTE Strengthen Ties to Bolster Telecom Infrastructure and Connectivity

This MoU focuses on leveraging ICIEC's insurance solutions to facilitate ZTE's supply of telecom network equipment and training to major telecom operators within ICIEC member states

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-based multilateral insurer and integral member of the Islamic Development Bank (IsDB) Group, is delighted to announce a new Memorandum of Understanding (MoU) with ZTE Corporation. This MoU was officially signed at the IsDB Group Annual…

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    • The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Kingdom of Saudi Arabia’s National Infrastructure Fund (INFRA) Partner to Boost Infrastructure Development in Saudi Arabia
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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 Kingdom of Saudi Arabia’s National Infrastructure Fund (INFRA) Partner to Boost Infrastructure Development in Saudi Arabia

Through this collaboration, ICIEC will support INFRA’s efforts to accelerate strategic infrastructure projects in the Kingdom, contributing to the goals of Saudi Vision 2030

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a leading Shariah-based multilateral insurer and esteemed member of the Islamic Development Bank (IsDB) Group, is proud to announce the signing of a Memorandum of Understanding (MoU) with the National Infrastructure Fund of Saudi Arabia (INFRA). This…