I am pleased to present the eighth edition of the ADER, covering ICIEC’s performance in 2024. As the only multilateral insurer offering Shariah-compliant solutions, this report demonstrates how our mandate continues to deliver tangible and measurable development impact across our Member States.
Throughout 2024, ICIEC remained committed to facilitating sustainable trade and investment aligned with national development priorities of its Member States and the SDGs. Amid global challenges—including supply chain disruptions, energy transitions, and mounting climate risks—we supported our Member States with innovative de-risking solutions that mobilize capital, build resilience, and promote inclusive growth.
This year, we insured over USD 12.9 billion in trade and investment and secured USD 5.3 billion in new commitments—a 25% increase year-on-year. We sustained our track record of strong technical surplus and were honored with three international awards recognizing our contributions to sovereign infrastructure, ESG-linked insurance, and sustainable development. Our solutions continued to deliver meaningful value, especially in infrastructure, food security, and energy diversification.
We also solidified our climate‑action commitment through our Board of Directors’ approval of a Climate Change Policy aligned with the IsDB framework, dedicating 13 % of total insured business to climate initiatives and expanding our pipeline of sustainable, ESG‑compliant opportunities.
At the core of this report are our Member States and partners. Our joint efforts, whether through coinsurance, syndicated financing insurance, and other risk-sharing initiatives, demonstrate a shared commitment to inclusive and sustainable development.
Looking ahead, ICIEC will continue investing in solutions that anticipate risk, deepen confidence, and unlock opportunities in the sectors and regions that need it the most. With the support of our Board of Directors, our Member States, and the wider Islamic Development Bank (IsDB) Group, we remain confident in our capacity to scale impact in the years ahead.
I extend my sincere appreciation to our team, strategic partners, and stakeholders for making ICIEC’s mission possible.
