The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

30 Years of Empowering Growth: ICIEC!   We are the only Shariah-based export credit insurer. Watch video: #ICIEC #30years

ICIEC: 30 Years of Empowering #Growth in the Islamic World, Driving Social and #Economic Development. For 30 years, ICIEC has been a driving force for positive change in its member states. We have succeeded in: • Strengthening relations between nations. • Continue to enable cross-border trade and investment. • Providing risk mitigation and credit enhancement. • Supporting international exporters and tackling global challenges. Together, we're paving the way for a more sustainable and prosperous Islamic world. Learn more about our impact: https://iciec.isdb.org/ #InvestInOurFuture #BuildingStrongerEconomies #ICIEC30 #SustainableDevelopment #TradeFinance

Great news for Senegal's infrastructure development! The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has issued non-payment #insurance to Société Générale to finance the construction of key highways in #Senegal! This provides insurance support for the €259 million Murabaha facilities to #finance the construction of the Dakar-Tivaouane highway and expand the Cyrnos-Seven Up road. These projects will: • Boost #transportation networks within #Senegal • Promote #economic growth and regional connectivity • Improve the quality of life for Senegalese citizens ICIEC CEO, Mr. Oussama Kaissi, emphasized the importance of this partnership for sustainable development in Senegal. By mitigating risks, this #collaboration ensures these critical projects progress smoothly. The Dakar-Tivaouane and Cyrnos-Seven Up roads will: • Reduce travel times significantly and resultant carbon emissions • Facilitate trade and movement of goods • Create jobs during construction and beyond ICIEC remains committed to supporting its member countries through #risk mitigation tools and financial solutions. #infrastructure #development #transportation #Senegal #ICIEC #SociétéGénérale #IslamicDevelopmentBank #trade #investment

Constructive meeting between Oussama KAISSI, CEO of ICIEC, and H.E. Zavqi Zavqizoda, IsDB/ICIEC Governor, Minister of Economic Development and Trade, Tajikistan at the sidelines of the #IsDB annual meetings, exploring #development opportunities! #Tajikistan presents exciting prospects in clean #energy, #finance, and more. Highpoints of the discussion centered on: Global #leadership in addressing water and climate issues at a high-level conference. Cooperation in green energy including hydropower systems and transmission lines. Collaboration in the financial and banking sector for development projects. Appreciation for cooperation and agreement on progress, and exploring the membership process for Tajikistan ICIEC is committed to fruitful collaborations and agreement signings during the upcoming presidential visit. #EconomicDevelopment #Partnerships #ICIEC

Day 4 of our participation at the 2024 Islamic Development Bank (IsDB) Group Annual Meetings was a success. Watch the #highlights below. #ICIECImpact #IsDB50 #IsDB2024 #trade #investment #economicgrowth #partnership #Insurance

Productive discussions at the IsDB Annual Meetings! On the sidelines of the event, ICIEC CEO, Mr. Oussama Kaissi, hosted the 3rd Board Meeting of the #International Federation of Takaful & Islamic Insurance Companies (IFTI) as ICIEC is a member of the Board. The Meeting discussed the performance of the Federation following the 2nd Meeting held in Amman, #Jordan as well as the #Business Plan for the coming year. This is in addition to other matters relating to the #membership, activities in areas of technical committees, #training, and capacity-building initiatives. #ICIEC #islamicinsurance #insurance #takaful #Jordan

ICIEC and the Export-Import Bank of Malaysia (MEXIM) have partnered to provide Islamic #insurance solutions! We are pleased to announce that ICIEC and MEXIM signed a Memorandum of Retakaful Arrangement (MoA) to #collaborate on coverage of Shariah-compliant #trade finance products. The MoA paves the way for collaboration and will leverage ICIEC's capacity to enable exports of Malaysian goods and services to new markets and to boost intra-OIC trade and #investments. The MoA was signed on the sidelines of the 2024 #IsDB Annual Meetings by ICIEC CEO, Mr. Oussama Kaissi, and MEXIM, represented by its Head of Legal and Governance Division, Mr. @Wan Norazli Wan Suleiman. #ICIECImpact #MEXIM #IslamicFinance #Retakaful #TradeFinance #IntraOICInvestments #EconomicGrowth #IsDB2024AMs

ICIEC and the Saudi's Agricultural Development Fund have signed a strategic MoU to strengthen the #agricultural sector. By focusing on capacity building through shared expertise in #export credit, Islamic #insurance, and foreign #investment insurance, this collaboration aims to benefit the agricultural sectors in Saudi Arabia. Additionally, the partnership will offer capacity #opportunities. It also creates avenues for #collaboration with relevant bodies and professional associations. We are enthusiastic about this partnership and the positive impact it will have on the agricultural sector #IslamicCorporation #ICIEC #AgriculturalDevelopmentFund #SaudiArabia #Agriculture #IslamicFinance #ExportCreditInsurance #ForeignInvestmentInsurance #Collaboration #EconomicGrowth

Expanding Partnership Horizons!  ICIEC's CEO, Mr. Ousama Kaissi, engaged in a constructive dialogue with Mr. Miles Johnstone, the Executive Director of Structured Credit & Political Risk, EMEA at Aon. Mr. Johnstone commended the existing #relationship between ICIEC and Aon and expressed optimism to #partner on future project #opportunities in the #Africa, #Asia and LATAM membership of ICIEC. Mr. Kaissi reiterated ICIEC's commitment to supporting member states and their projects to enhance lives and livelihoods. Impactful collaboration lies ahead! #ICIEC #Partnerships #EMEA #EconomicDevelopment #Cooperation

Strengthening Partnerships for Progress! ICIEC's CEO, Mr. Ousama Kaissi, had a fruitful discussion with Dr. Kazim Niaz, Secretary of the Ministry of Economic Affairs, Government of #Pakistan.    Dr. Niaz commended ICIEC's support in 2023 and looks forward to continued collaboration amidst challenging #economic environment. Mr. Kaissi acknowledged Pakistan's banking sector strength and ICIEC's #partnership with EXIM Bank of Pakistan while pledging further commitment to the real sector #development.  Exciting prospects lie ahead! #ICIEC #Pakistan #Partnerships #EconomicDevelopment #Progress