ISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDITISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDIT 1

Enhancing Trade and Investments among OIC Countries

27-28 October 2014, Dushanbe, Tajikistan

ISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDITISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDIT 2

Credit Alliance

• ICIEC is a multinational institution with full juridical personality and multilateral status

• Established in 1994 & based in Jeddah – KSA with a representative office in DIFC - Dubai

• Owned by the Islamic Development Bank Group in addition to 41 member countries from Asia, Africa and Europe

• Authorized Capital is US$ 600 million

• Rated Aa3 by Moody's

• The only Export Credit Agency in the world that provides export credit & investment insurance in compliance with the Islamic Shariah

• Permanent Member in Berne Union, Coface Alliance, Prague club and founding member of AMAN Union

The Islamic Corporation for the Insurance of Investment and Export Credit

ISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDITISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDIT 3

A broad mandate

3

Export Credit Insurance

Member

Countries

To encourage exports from Member Countries to the rest of

the World

Investment InsuranceTo Encourage the Flow of Capital and Investments

from the World to Member Countries

Member

Countries

Provide Export Credit Insurance to suppliers of capital equipment, essential commodities & food security related items to Member

Countries

ISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDITISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDIT 4

ARABCOUNTRIES

ALGERIAEGYPTBAHRAINJORDANKUWAITLEBANONLIBYAMAURITANIAMOROCCOOMANQATARSAUDI ARABIASUDANSYRIATUNISIAU.A.E.YEMEN

ICIEC Member Countries

SUB-SAHARANAFRICAN COUNTRIES

BENINBURKINO FASOCAMEROONIVORY COASTCHADDJIBOUTIGABONGAMBIAGUINEAMALIMOZAMBIQUENIGERNIGERIASENEGALUGANDA

EURASIAN COUNTRIES

ALBANIABANGLADESHBRUNEIINDONESIAIRANKAZAKHSTANMALAYSIAPAKISTANTURKEY

MEMBERSHIP APPLICATIONS UNDER PROCESS

GUINEA BISAUPALASTINESURINAMETOGOUNION OF COMOROSIRAQAZERBAIJAN

ISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDITISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDIT 5

How does ICIEC extend its services

• directly to exporters in Member countries• to banks in member countries• cooperation with Export Credit Agencies (ECA) of

member countries (reinsurance)• directly to equity investors investing in member countries• to international banks financing investments in member

countries• to ECAs of non member countries ( Sinosure, Atradius

etc.) for imports of capital goods

ISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDITISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDIT 6

Sample transactions of intra-OIC Trade & Investment Insurance

• Export of cables from Egypt to Sudan• Exports of pharmaceuticals from Jordan to Algeria• Export of livestock from Sudan to Saudi Arabia• Exports of oil from Saudi Arabia to Pakistan, Bangladesh• A pharmaceutical factory investment from Jordan to

Algeria• A steel factory investment from Turkey to Algeria• An energy investment from Turkey to Lebanon

ISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDITISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDIT 7

Other sample transactions of Trade & Investment Insurance

• Export of cables, aluminum, petrochemicals• Dubai Metro, UAE• French investment of dairy products, Iran• Container Terminal Project, Djibouti• Import of excavators and trucks for SSGPO, Kazakhstan• Power plants in Senegal and Indonesia• Dakar Int. Airport, Senegal• Istanbul Metro, Turkey• Oil exploration project, Pakistan

ISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDITISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDIT 8

Benefits of ICIEC membership

• In Export Credit Insurance:•Protects Foreign Receivables•Creates Global Competitiveness•Enhances Export Volume• Increases Number of Export Markets•Enhances Risk Capacity

• In Foreign Investment Insurance:•Encourages Foreign Direct Investment

from member as well as non-member countries’ investors and banks

ISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDITISLAMIC DEVELOPMENT BANK GROUP: ISLAMIC CORPORATION FOR THE INSURANCE OF INVESTMENT AND EXPORT CREDIT 9

Thank You!

For more information please visit www.iciec.com

contact:oaktuna@isdb.org