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

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) is a member of the Islamic Development Bank (IsDB) Group. ICIEC was established to provide investment and export credit insurance solutions compliant with Shariah Principles and hence to strengthen the economic relations between member countries of the Organization of the Islamic Cooperation.

ICIEC´s Investment Insurance Solutions for banks and financial institutions provide protection against losses caused by non-commercial risks. Two risk categories can be covered:

• Political risks of cross-border loans, including:
  • Expropriation
  • War or civil disturbance
  • Currency inconvertibility and transfer restrictions
• Non-honouring of financial obligations by the sovereign or sub-sovereign

New investments or expansion of existing investments and projects under the condition that they are compliant with Shariah Principles.

Member countries: http://www.iciec.com/member#

• Tenor of coverage: Up to 20 years

http://www.iciec.com/solutions-investment