ICIEC, Aa3 rated is a member of the IDB Group. Established in August 1994 as an international institution with full juridical personality, ICIEC’s objective is to increase the scope of trade transactions from OIC member countries, and to facilitate foreign direct investment into these countries by providing export credit and investment insurance/ reinsurance facilities to its customers in member countries.

ICIEC provides the following facilities in accordance with the principles of shariah:
✓ Export credit insurance: ICIEC offers services to exporters and banks in ICIEC member countries for both short-term and medium- term (up to seven years) covering commercial and political risks.
✓ Foreign investment insurance: ICIEC offers cover to investors and financiers of the projects from anywhere in the world to invest into ICIEC member countries.
✓ Reinsurance services: ICIEC offers reinsurance services to ECAs and commercial insurance companies in ICIEC member countries and can also participate with international ECAs.

Founded: 1994
Ownership: The authorised capital of ICIEC is US$620mn, subscribed by the Islamic Development Bank (IDB) and 45 member countries of the Organisation of the Islamic Conference (OIC).