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

Overview

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) is a member of the Islamic Development Bank (IsDB) Group. The driving ambition behind the creation of ICIEC was to strengthen the economic relations between member countries of the OIC on the basis of Islamic Shari'ah. ICIEC's vision is to be recognized as the preferred enabler of trade and investment for sustainable economic development in Member Countries. Its mission is to facilitate trade and investment between member countries and the world through Shariah-compliant risk mitigation tools.

The idea for the establishment of an entity to provide investment and export credit insurance for Islamic States originated from the Agreement for the Promotion, Protection and Guarantee of Investment among Member States of the Organization of the Islamic Cooperation (OIC Investment Agreement)

Category:
Bilateral and Multilateral Agency
Sectors of Interest:
Economic Growth
Subsectors of Interest:
Business and investment support, Financial policy
Country of Coverage:
Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, Turkey, United Arab Emirates, Yemen
Headquarters:
Saudi Arabia

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Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
https://iciec.isdb.org/
ICIEC-Communication@isdb.org
Bessem Soua
Division Manager, Sub-Saharan Africa and Europe
Saudi Arabia
bsoua@isdb.org
Selda Kurt
Country Manager
Istanbul, Turkey
akurt@isdb.org
Gamze Sarioglu
Turkey Representative
Istanbul, Turkey
fsarioglu@isdb.org
Ziad Alsabbaly
country manager
Riyadh, Saudi Arabia
zalsabbaly@isdb.org
Eman Mahmoud
Country Manager, Cairo Representative Office
Cairo, Egypt
emahmoud@isdb.org
Yasser Alaki
Country Manager-Saudi Arabia
Saudi Arabia
yalaki@isdb.org
Mohamad Sayed
Manger, Information Technology Management
Jeddah, Saudi Arabia
msayed@isdb.org

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Name	Category	Countries of Coverage	Sectors & Services
African Union	Bilateral and Multilateral Agency	Algeria, Egypt, Kuwait, Libya, Morocco, Sudan, Tunisia, Turkey	Education, Health, Economic Growth, Democratic Governance, Women Rights and Empowerment, Youth Empowerment, Human Rights, Agriculture, Environment and Energy, Infrastructure, Urban & Rural Development, Water and Wastewater, Humanitarian aid, Refugees and Migration, Arts and Culture, Information Communication and Technology, Social Development, Tourism, Trade, Industry
EBRD	Bilateral and Multilateral Agency	Egypt, Jordan, Lebanon, Morocco, Palestine, Tunisia, Turkey	Economic Growth, Entrepreneurship, Democratic Governance, Women Rights and Empowerment, Youth Empowerment, Agriculture, Environment and Energy, Infrastructure, Refugees and Migration, Information Communication and Technology, Tourism, Trade, Industry
Asian Infrastructure Investment Bank (AIIB)	Bilateral and Multilateral Agency	Egypt, Jordan, Oman, Turkey, United Arab Emirates	Democratic Governance, Economic Growth, Education, Environment and Energy, Infrastructure, Social Development, Urban & Rural Development, Water and Wastewater, Women Rights and Empowerment
Multilateral Investment Guarantee Agency (MIGA)	Bilateral and Multilateral Agency	Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, Turkey, United Arab Emirates, Yemen	Health, Economic Growth, Entrepreneurship, Democratic Governance, Agriculture, Environment and Energy, Infrastructure, Water and Wastewater, Social Development, Trade, Industry
World Bank	Bilateral and Multilateral Agency	Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, Turkey, United Arab Emirates, Yemen	Agriculture, Child Rights, Economic Growth, Education, Entrepreneurship, Environment and Energy, Health, Industry, Information Communication and Technology, Infrastructure, Social Development, Trade, Urban & Rural Development, Water and Wastewater, Women Rights and Empowerment, Youth Empowerment
InsuResilience Solutions Fund (ISF)	Bilateral and Multilateral Agency	Algeria, Egypt, Iraq, Jordan, Lebanon, Libya, Morocco, Palestine, Sudan, Syria, Tunisia, Turkey, Yemen	Agriculture, Environment and Energy, Information Communication and Technology, Social Development, Food Security, Climate Change and Global Warming
International Islamic Trade Finance Corporation (ITFC)	Bilateral and Multilateral Agency	Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Syria, Tunisia, Turkey, United Arab Emirates, Yemen	Economic Growth, Trade, Women Rights and Empowerment
ADE	Consulting Firm	Algeria, Egypt, Jordan, Lebanon, Libya, Morocco, Palestine, Syria, Turkey, Yemen	Agriculture, Democratic Governance, Economic Growth, Education, Entrepreneurship, Food Security, Health, Humanitarian aid, Women Rights and Empowerment, Youth Empowerment
Islamic Development Bank (IsDB)	Bilateral and Multilateral Agency	Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, Turkey, United Arab Emirates, Yemen	Agriculture, Climate Change and Global Warming, Democratic Governance, Economic Growth, Education, Entrepreneurship, Environment and Energy, Health, Humanitarian aid, Industry, Information Communication and Technology, Infrastructure, Social Development, Tourism, Urban & Rural Development, Water and Wastewater, Women Rights and Empowerment
African Union Development Agency (AUDA-NEPAD)	International Organization	Algeria, Egypt, Libya, Morocco, Sudan, Tunisia	Agriculture, Entrepreneurship, Infrastructure