ICIEC Honors Award-Winning Deals at IsDB Group Private Sector Forum 2025

Strategic Insights -

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) proudly announced the winners of its flagship accolades at the IsDB Group Private Sector Forum 2025 Awards in Algiers. The awards celebrated transactions that have translated Shariah-compliant risk-sharing into measurable socio-economic benefits across OIC member countries. Two deals stood out for their innovative approaches to sustainable development and their alignment with the United Nations' Sustainable Development Goals.

Key Takeaways:

  • Mopane Securities Plc was honored with the Best Trade Credit Insurance Deal of the Year Award for structuring a USD 20 million medium-term credit facility for Uzbekistan's JSC Aloqabank, arranged by Frontera Capital Group Limited. The facility enables Aloqabank to extend fresh liquidity to a curated portfolio of Uzbek businesses, mobilizing cross-border capital without conventional collateral and advancing SDG 8 (Decent Work and Economic Growth) and SDG 9 (Industry, Innovation and Infrastructure).
  • Deutsche Bank received the Best Foreign Investment Insurance Deal of the Year award for arranging a seven-year, EUR 149 million commodity Murabaha term facility mandated by Côte d'Ivoire's Ministry of Finance and Budget to finance regional hospitals in Kong and Odienne. ICIEC's Non-Honouring of Sovereign Financial Obligation policy covers 95 percent of principal and profit, de-risking the project and enabling the addition of 377 beds.
  • The award winners were selected by an independent panel of esteemed experts, following a rigorous evaluation process grounded in impact, innovation, and alignment with the Sustainable Development Goals (SDGs).
  • ICIEC's resilience is anchored in its prudent underwriting practices, robust reinsurance arrangements, and sound risk management framework. Since inception, ICIEC has cumulatively insured over USD 121 billion in trade and investment, supporting key sectors such as energy, manufacturing, infrastructure, healthcare, and agriculture.

Statistics:

  • USD 20 million: The medium-term credit facility for Uzbekistan's JSC Aloqabank.
  • EUR 149 million: The seven-year commodity Murabaha term facility for the financing of regional hospitals in Kong and Odienne.
  • 95 percent: The insurance coverage from ICIEC for both deals.
  • 377: The number of beds added through the financing of regional hospitals in Kong and Odienne.
  • 17: The number of consecutive years ICIEC maintained an "Aa3" insurance financial strength credit rating from Moody's.
  • USD 121 billion: The total cumulative trade and investment insured by ICIEC since its inception.

Sources:

  • "The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Honors Award Winning Deals at the Islamic Development Bank (IsDB) Group Private Sector Forum 2025 —Pioneering Shariah-Compliant Risk-Mitigation to Advance Sustainable Development"
  • Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
  • Mopane Securities Plc
  • Frontera Capital Group Limited
  • Deutsche Bank
  • Côte d'Ivoire's Ministry of Finance and Budget