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

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    • Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC and Mr. Sujithav Sarangi, Executive Director, Development & Agency Finance at Standard Chartered Bank (1)
    • Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC and Mr. Sujithav Sarangi, Executive Director, Development & Agency Finance at Standard Chartered Bank (2)
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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) Insurance Cover Unlocks EUR250 Million for Infrastructure and Trade Growth in Six African Member States

ICIEC’s NHFO‑MDB policy insures the financing provided by Standard Chartered (Hong Kong), Standard Chartered (Kenya) and DZ Bank to the Eastern and Southern African Trade and Development Bank (TDB)

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, today signed a Non‑Honouring of Financial Obligations for Multilateral Development Banks (NHFO‑MDB) policy to secure a EUR250 million financing package arranged by Standard Chartered.  The…

Afreximbank

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    • Dr Benedict O. Oramah, president of Afreximbank
    • Foundations and Evolutions of Structured Trade Finance, Second Edition By Professor Benedict O. Oramah
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Source: Afreximbank |

Foundations and Evolutions of Structured Trade Finance, Second Edition By Professor Benedict O. Oramah

The new edition has been revised and updated, featuring brand new sections on reserve-based lending, supply chain finance, and new technologies for implementing structured trade finance

Structured Trade Finance (STF) is a highly specialised area of trade finance that has evolved directly from practice. As it grows and becomes more complex in an increasingly risk-based regulatory environment, there is a need for more detailed guidance on this subject. Now in its second edition, Foundations and Evolutions…

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

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    • Dr. Khalid Khalafalla, CEO of ICIEC, and Mr Ahmed Atteya, Head of Financial Institutions Department, Al Baraka Bank-Egypt
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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 Al Baraka Bank–Egypt Signed a Bank Master Policy to Support Funded Islamic Trade Finance Transactions Worth USD50 Million

The insurance policy is expected to support Islamic trade finance transactions worth USD 50 million

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (www.ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, today signed a Bank Master Policy (BMP) with Al Baraka Bank-Egypt, on the sidelines of the IsDB Group Annual Meetings 2025 in Algier. The policy…

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

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    • Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Issues USD 40 Million Insurance Policy to Support Dredging & Development of SOHAR Port and Freezone
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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) Issues USD 40 Million Insurance Policy to Support Dredging & Development of SOHAR Port and Freezone

By deepening navigation channels and enhancing jetty infrastructure these strategic developments will significantly increase SOHAR Port’s throughput capacity, attract high-value industrial investments, and solidify the Sultanate’s role

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org/), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, announced —on the sidelines of the IsDB Group Annual Meeting 2025 in Algiers—the signing of a Specific Transaction Policy (STP) for Royal Boskalis (Boskalis),…

African Energy Chamber
Source: African Energy Chamber |

GEPetrol Chief Executive Officer (CEO) Joins African Energy Week (AEW) 2025 as Equatorial Guinea Accelerates Upstream Revival

African Energy Week: Invest in African Energies takes place September 29 to October 3 in Cape Town

Bienvenido Nguema Envo, CEO of Equatorial Guinea’s national oil company GEPetrol, has been confirmed as a speaker at African Energy Week (AEW): Invest in African Energies 2025, taking place from September 29 to October 3 in Cape Town. His participation comes at a pivotal moment for Equatorial Guinea as the…

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

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    • Mr. Sujithav Sarangi, Executive Director, Development & Agency Finance at Standard Chartered and Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC (1)
    • Mr. Sujithav Sarangi, Executive Director, Development & Agency Finance at Standard Chartered and Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC (2)
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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) Extends EUR 232 million Insurance Policy to Standard Chartered & Others to Support Financing for Côte d’Ivoire’s Landmark “Tour F” Development

The endorsement supports an additional EUR 130 million Murabaha facility to the Ministry of Finance and Budget of the Republic of Côte d’Ivoire, building on the initial EUR 102 million previously insured by ICIEC

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, today signed an endorsement to the Non‑Honoring of Sovereign Financial Obligation (NHSFO) insurance policy with Standard Chartered (Hong Kong) Limited and others. The endorsement supports an additional…

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

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    • Dr. Khalid Khalafalla, CEO of ICIEC and Mr. Puneet Sharma, Executive Director, Development & Agency Finance, Standard Chartered (1)
    • Dr. Khalid Khalafalla, CEO of ICIEC and Mr. Puneet Sharma, Executive Director, Development & Agency Finance, Standard Chartered (2)
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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) Issues EUR 37 Million Insurance Policy Backing Islamic Financing for Türkiye’s Nakkaş‑Başakşehir Motorway

The policy was signed on the sidelines of the IsDB Group Annual Meetings 2025 in Algiers by Dr. Khalid Khalafalla, CEO of ICIEC, together with Mr. Puneet Sharma, Executive Director, Development & Agency Finance, Standard Chartered

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (www.ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, today announced the signing of a EUR 37 million Non‑Honoring of Sovereign Financial Obligations (NHSFO) policy in support of an Islamic financing facility provided by Standard…

Basketball Africa League (BAL)

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    • Al Ahli’s Caleb Agada #10 and Mohamed Abdourahman #13 celebrate the fourth win (Photo by Julien Bacot, BAL/Getty Images)
    • MBB’s David Craig #50 dunks a basketball during a game against APR at BK Arena in Kigali, Rwanda on May 22, 2025 (Photo by Theo Kine, BAL/Getty Images)
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Source: Basketball Africa League (BAL) |

Libya's Al Ahli Tripoli Advances to Basketball Africa League (BAL) Playoffs, South Africa's Made By Basketball (MBB) Wins Second Straight

Al Ahli will join Al Ittihad (Egypt), Rivers Hoopers (Nigeria), 2022 BAL champion US Monastir (Tunisia), the defending champion Petro de Luanda (Angola) and Kriol Star (Cape Verde) when the BAL Playoffs tip off at SunBet Arena in Pretoria, South Africa on June 6

Five players scored in double figures and Al Ahli Tripoli (Libya) beat Nairobi City Thunder (Kenya) 104-91 at BK Arena in Kigali, Rwanda last night, which gave them their fourth straight win in the Nile Conference and a guaranteed slot in the 2025 Basketball Africa League (BAL) Playoffs (https://BAL.NBA.com/). Al…

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

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    • Mr. Abba Bello, Managing Director & CEO at NEXIM Bank and Dr. Khalid Khalafalla, ICIEC CEO (1)
    • Mr. Abba Bello, Managing Director & CEO at NEXIM Bank and Dr. Khalid Khalafalla, ICIEC CEO (2)
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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 the Nigerian Export-Import Bank (NEXIM) Bank Forge Strategic Partnership for Export Credit and Investment Insurance in Nigeria

The partnership will foster the exchange of expertise in export credit and investment insurance, joint marketing, and the development of tailored products for the export and investment markets

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, is pleased to announce a landmark collaboration with the Nigerian Export-Import Bank (NEXIM). The two entities signed a Memorandum of Understanding (MoU) for cooperation…

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

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    • Mr. Zouhair Laiche, CEO of CAGEX and Dr. Khalid Khalafalla, CEO of ICIEC
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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) & Compagnie Algérienne d’Assurance et de Garantie des Exportations (CAGEX) Renew Reinsurance Alliance to Fuel Organisation of Islamic Cooperation (OIC) Trade Growth

The agreement was signed with the aim of deepening cooperation in credit and investment insurance to accelerate trade and investment flows across ICIEC member countries

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, today announced the renewal of a reinsurance treaty arrangement with the Compagnie Algérienne d’Assurance et de Garantie des Exportations (CAGEX) for the 2025 underwriting…