The Islamic Company for the Insurance coverage of Funding and Export Credit score (ICIEC) (https://ICIEC.IsDB.org), a Shariah-based multilateral insurer and a member of the Islamic Growth Financial institution (IsDB) Group, is proud to announce that the Togolese Republic has formally joined ICIEC as its fiftieth member state. This milestone not solely displays the rising belief and collaboration inside the Group of Islamic Cooperation (OIC) but in addition reinforces ICIEC’s dedication to offering tailor-made insurance coverage options that foster sustainable financial progress and funding alternatives throughout its member international locations.
With the Togolese Republic’s membership, ICIEC now contains 50 member states, marking a major growth of its world attain and affect in selling commerce and funding in OIC member international locations.
On this event, Dr. Khalid Khalafalla, Officer-in-Cost of ICIEC, said: “We’re delighted to welcome the Togolese Republic as our fiftieth member state. It is a testomony to the mutual confidence between ICIEC and the Togolese Republic, and we’re dedicated to supporting their financial ambitions via our strong insurance coverage and danger mitigation options. Collectively, we goal to drive sustainable growth and financial resilience within the area.”
As ICIEC continues to develop its membership and providers, the group stays devoted to enhancing financial resilience and supporting its member states in attracting international direct funding (FDI) and fostering commerce alternatives.
Distributed by APO Group on behalf of Islamic Company for the Insurance coverage of Funding and Export Credit score (ICIEC).
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Rania Binhimd
Strategic Planning and Communications Division
E mail: Rbinhimd@isdb.org
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About The Islamic Company for the Insurance coverage of Funding and Export Credit score (ICIEC):
ICIEC commenced operations in 1994 to strengthen financial relations between OIC Member States and promote intra-OIC commerce and investments by offering danger mitigation instruments and monetary options. The Company is uniquely the one Islamic multilateral insurer on this planet. It has led from the entrance in delivering a complete suite of options to corporations and events in its 50 Member States. ICIEC, for the sixteenth consecutive 12 months, maintained an “Aa3” insurance coverage monetary power credit standing from Moody’s, rating the Company among the many high of the Credit score and Political Danger Insurance coverage (CPRI) Business. Moreover, ICIEC has been assigned a First-Time AA- long-term Issuer Credit score Ranking by S&P with Steady Outlook. ICIEC’s resilience is underpinned by its sound underwriting, reinsurance, and danger administration insurance policies. Cumulatively, ICIEC has insured greater than US$ 114 billion in commerce and funding. ICIEC actions are directed to particular sectors – power, manufacturing, infrastructure, healthcare, and agriculture.
For extra data, go to: https://ICIEC.IsDB.org