Jeddah, Kingdom of Saudi Arabia — [November 3, 2025]—The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, has maintained its Aa3 Insurance Financial Strength Rating (IFSR) following Moody’s Ratings’ completion of its periodic review of the Corporation. The reaffirmation reflects Moody’s continued confidence in ICIEC’s strong financial foundation, prudent risk management, and strategic development mandate.

The announcement follows a rating committee meeting held on 16 October 2025, where Moody’s highlighted the ongoing improvement in ICIEC’s standalone credit profile, underpinned by enhanced risk management practices, improved underwriting performance; and strong asset quality supported by a highly liquid investment portfolio. The Corporation’s robust capital adequacy, further reinforced by its preferred creditor status among Member Countries.

The Aa3 rating continues to benefit from the strong institutional and shareholder support of the “AAA/Aaa”- rated Islamic Development Bank (IsDB) and sovereign Member Countries, including the Kingdom of Saudi Arabia (Aa3).

Commenting on Moody’s announcement, Dr. Khalid Khalfallah, CEO of ICIEC stated, “Maintaining our Aa3 rating underscores ICIEC’s solid credit profile and our unwavering commitment to delivering Shariah-compliant risk mitigation solutions that facilitate sustainable trade and investment flows across Member Countries.”

While the periodic review does not constitute a rating action, it confirms ICIEC’s continued financial stability and operational resilience. Moody’s detailed credit opinion is expected to be published in the coming weeks.