Jeddah: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has released its Annual Development Effectiveness Report (ADER) for 2019.
ICIEC actively supports Member Countries’ to achieve their development agendas, working in alignment with their unique path towards prosperity. The Corporation fulfills this role by mitigating trade-related political and commercial risks through shariah compliant insurance solutions.
The ADER highlights the tangible impact of ICIEC’s work on furthering human development and well-being within OIC Member Countries, including the Corporation’s impact on facilitating lasting development by providing insurance solutions for imports and exports of essential commodities, and the construction of critical infrastructure.
“The 2019 ADER results further cement ICIEC’s continued commitment to delivering on its mandate of supporting trade and investment in our 47 member countries” said ICIEC CEO, Mr Oussama Kaissi. “Assisting member countries in their economic development and diversification is the underlying goal of each transaction ICIEC makes. Analyzing the impact of our work is therefore critical to measuring our success.”
The ADER is available on ICIEC’s website at https://iciec.isdb.org/ader
-Ends-
About 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 in 1994 to strengthen the economic relations between member countries of the OIC. 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 the provision of Shariah compliant risk mitigation tools and financial solutions.
For media inquiries, please contact:
Rania Binhimd
Rbinhimd@isdb.org
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
