Insurance industry

Exports

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 Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has 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 Chartered for the landmark Nakkas-Basaksehir Motorway Project in Türkiye. The policy was

Exports

ICIEC and Credendo Sign Memorandum of Understanding to Enhance Risk-Sharing Capacity for Multinational Corporations in OIC Markets

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Credendo have signed a Memorandum of Understanding (MoU) to enhance cooperation in credit insurance and reinsurance. The MoU aims to develop new risk-sharing schemes that enable larger trade transactions for multinational corporations operating in ICIEC Member States.