Jeddah, Kingdom of Saudi Arabia — The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, announced today that the 4th Capacity-Building Programme for Users of the OIC Business Intelligence Center (OBIC) will be held from 24 to 26 November 2025 in Casablanca.

The programme, sponsored by ICIEC, the Islamic Development Bank (IsDB), the Arab Bank for Economic Development in Africa (BADEA), the African Export–Import Bank (Afreximbank), and the Islamic Centre for Development of Trade (ICDT), represents a key milestone in advancing the quality, accessibility and integration of credit and business information across the Organization of Islamic Cooperation (OIC) Member States.

As ICIEC’s flagship initiative, OBIC provides an essential platform that supports Member States in modernizing their credit-reporting ecosystems, strengthening business intelligence infrastructure and enabling informed trade and investment decisions that reduce risk and foster sustainable development.

The three-day programme will convene senior officials and experts to examine the role of business intelligence in strengthening economic decision-making, beginning with an opening session featuring partner institutions. Discussions will cover OBIC’s contribution to national and cross-border credit ecosystems, the use of reliable credit information in banking, export operations and investment promotion, as well as the relevance of platforms such as the Africa Trade Gateway.

The agenda further includes practical case studies from Tunisia, insights into the AMAN Union shared credit database, and an overview of unique entity identifiers like MANSA and GLEIF. The programme will conclude with success stories on women’s economic empowerment in Africa and a session on enhancing the use of statistical and business intelligence tools by investment promotion agencies, followed by a closing ceremony.

Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC, stated: “Strengthening the quality, reliability and accessibility of credit information across our Member States is essential to unlocking sustainable trade and investment flows. Through the OBIC platform and this capacity-building programme, we are empowering institutions with the tools needed to make informed decisions, reduce risks, and accelerate economic opportunities across the OIC region. Our partnership with IsDB, BADEA, Afreximbank and ICDT reflects our shared commitment to building a more transparent, interconnected and resilient economic ecosystem for our Member States.”

Cairo, Egypt — 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, and African Export‑Import Bank (Afreximbank) are pleased to announce the signing of a memorandum of understanding (MoU) to strengthen their cooperation in promoting trade and investment flows across Arab and African countries.

The MoU was signed in Cairo, Egypt, on 27 October 2025 by Eng. Yasser Alaki, Director of the Business Development Department at ICIEC, and Mr. Kofi Asumadu Addo, Director, Guarantees and Specialised Finance at Afreximbank who represented the Bank’s Executive Vice President, Global Trade Bank, Mr. Haytham EL Maayergi.

The partnership provides a robust framework for collaboration, enabling the two parties to harmonise their efforts in supporting Arab-African businesses seeking regional market opportunities while facilitating practical information exchange in areas where access to trade and investment intelligence has been limited. Through the cooperation, ICIEC and Afreximbank will align their strategic decision-support tools, developing synergies to better serve public- and private-sector actors across their respective networks.

Areas of cooperation covered in the MoU include risk-sharing mechanisms, which will underpin Afreximbank’s efforts to mobilise financing in support of trade; a structured exchange of information to strengthen the outreach and insight of both institutions; support for Afreximbank’s digital platforms; access for both partners to TRADAR Club offerings, such as TRADAR Intelligence (TIP) and TRADAR Regulations (TRIP); joint capacity-building and advisory services; collaborative work in marketing, promotion and product development; and deployment of the AfrexInsure initiative to maximise risk mitigation and trade-finance tools.

Eng. Yasser Alaki, Director of the Business Development Department at ICIEC commented, “This partnership marks a milestone in our shared commitment to inclusive and sustainable trade and investment across the Arab-Africa corridor. By combining ICIEC’s risk-mitigation expertise with Afreximbank’s expansive financing and advisory platform, we are enabling businesses to move from ambition to action. Together, we will unlock new opportunities and deliver strategic value-add to trade flows that benefit our member countries and private-sector partners.”

Commenting on the MoU, Mr Haytham El Maayergi, Executive Vice President of Global Trade Bank at Afreximbank noted, “This MoU is a testament to the long-standing relationship between Afreximbank and ICIEC aimed at deepening Arab-Africa trade. It is expected to generate mutually beneficial and meaningful outcomes in areas such as market development, risk-sharing, digital innovation, and capacity building. Both institutions look forward to advancing our joint initiatives, including the achievement of the strategic objectives of the Arab African Trade Bridge.”

Jeddah, Kingdom of Saudi Arabia – The AMAN Union, the professional forum of commercial and non-commercial risk insurers and reinsurers in member countries of the Organization of Islamic Cooperation (OIC) and the Arab Investment and Export Credit Guarantee Corporation (Dhaman), successfully concluded its 15^th Annual General Meeting, held from November 4 to 6, 2025, and hosted by the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)—a member of the Islamic Development Bank (IsDB) Group—at its headquarters in Jeddah, Kingdom of Saudi Arabia.

The event gathered 115 participants representing all members from 38 countries, alongside Export Credit Agencies (ECAs), reinsurers, and international organizations. The meeting marked a milestone for the Union, highlighting collaboration, innovation, and institutional growth.

Dr. Khalid Khalafallah, Chairman of the 15^th AMAN Union General Assembly and Chief Executive Officer of ICIEC, added, “Hosting this year’s meeting in Jeddah highlights ICIEC’s enduring commitment to supporting regional cooperation. The AMAN Union continues to serve as a powerful platform for innovation, knowledge-sharing, and sustainable development across the OIC region.”

During the event, the AMAN Union General Secretariat and the Saudi Export-Import Bank (Saudi EXIM) signed a Transfer Agreement, setting the framework for the relocation of the Union’s General Secretariat to Saudi EXIM Bank. The agreement reflects a shared commitment to strengthening the Union’s operational independence and sustainability.

“This transition represents an important step in enhancing the operational independence and long-term sustainability of the Union,” said Mr. Mourad Mizouri, Secretary General of AMAN Union. “Our members remain united in advancing the Union’s mission of fostering collaboration and strengthening the credit-insurance ecosystem across member states.”

The gathering also witnessed the signing of several key cooperation agreements among members to further reinforce collaboration within the Union’s network. These included an agreement between ICIEC and KazakhExport, an agreement between Saudi EXIM Bank and COTUNACE, and an agreement between CAGEX and KazakhExport, underscoring the Union’s role as a platform for fostering strategic partnerships and promoting knowledge exchange across the trade and investment insurance industry.

The meeting also featured the 4^th AMAN Union Awards, recognizing Saudi EXIM Bank for exceptional institutional performance and Jordan Loan Guarantee Corporation (JLGC) for excellence in research and innovation.

As part of its commitment to professional development, the Union held a Ceremony for the Distribution of Online Training Certificates, recognizing the dedication of participants who completed the AMAN Union’s specialized training programs. Certificates were presented by Mr. Silvan Said, Managing Director of RISC Institute DMCC, and Mr. Al-Tayeb Abbas Fadlallah, Chairman of the AMAN Union Academy, to Mr. Abderrahim Belkacemi (Dhaman) and Mr. Samir Zaky (ICIEC), underscoring the Union’s focus on building institutional capacity and advancing professional excellence.

The Technical Performance Analysis for 2023–2024, presented by Türk Eximbank, reported a 10% increase in total insured business (USD 54 billion), 20% growth in premiums (USD 338 million), and a 21% decline in claims, reflecting the continued resilience of AMAN Union members in advancing trade and economic cooperation across OIC member states.

During the 15th Annual General Meeting of the AMAN Union, hosted in Jeddah by the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)—the insurance arm of the Islamic Development Bank (IsDB) Group—the Union held a special certificate presentation ceremony to recognize professionals who successfully completed its specialized online training programs. Certificates were presented by Mr. Silvan Said, Managing Director of RISC Institute DMCC, and Mr. Al-Tayeb Abbas Fadlallah, Chairman of the AMAN Union Academy, to Mr. Abderrahim Belkacemi of Dhaman and Mr. Samir Zaky of ICIEC, in acknowledgment of their exemplary dedication to professional development.

This initiative underscores AMAN Union’s commitment to strengthening institutional capacity, promoting professional excellence, and fostering continuous knowledge exchange among its member institutions across the OIC region. Through such efforts, the Union continues to invest in developing human capital within the Islamic insurance and export credit ecosystem—ensuring that professionals are equipped with the technical expertise and global competencies required to navigate the evolving demands of the industry.

As part of its broader strategy to foster sustainable capacity building, AMAN Union, in collaboration with RISC Institute DMCC, launched an online professional development program leading to the Professional Certificate in Insurance (Cert. CII™), a globally recognized qualification awarded by the Chartered Insurance Institute (CII) in the United Kingdom. The program is designed to cultivate a new generation of skilled professionals across OIC export credit and investment insurance institutions, integrating both theoretical foundations and practical insights.

The training pathway comprises three comprehensive modules—Award in General Insurance (W01), Underwriting Essentials (WUE), and Claims Essentials (WCE)—covering critical areas such as risk and insurance fundamentals, underwriting practices, reinsurance, claims handling, fraud prevention, and regulatory compliance. Upon successful completion, participants earn the Cert. CII™ designation, enhancing their professional credibility and opening new opportunities for international advancement within the insurance and credit guarantee sectors.

Commenting on this milestone, Mr. Mourad Mizouri, Secretary General of the AMAN Union, stated: “At AMAN Union, we believe that the strength of our industry lies in the knowledge and professionalism of our people. Our partnership with RISC Institute reflects our determination to build a skilled, connected, and competitive community of insurance and export credit professionals across our member countries.”

Jeddah, Kingdom of Saudi Arabia — 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, and KazakhExport, the Export Credit Agency of the Republic of Kazakhstan, have renewed their Quota-Share Treaty Reinsurance Agreement for the fifth consecutive year, covering the period from 1 October 2025 to 30 September 2026.

The agreement was signed by Dr. Khalid Khalafallah, Chief Executive Officer (CEO) of ICIEC, and Mrs. Ayan Bektybayeva, Deputy Chairman of the Board of KazakhExport, on the sidelines of the 15th Annual Meeting of the AMAN Union, held from 4–6 November 2025 in Jeddah.

This renewal reaffirms the long-standing partnership between the two institutions in advancing trade, investment, and economic cooperation among Organization of Islamic Cooperation (OIC) member states.

Under the agreement, ICIEC will continue to provide reinsurance coverage for KazakhExport’s Documentary Credit Insurance Policy (DCIP), enabling the agency to expand its underwriting capacity for trade-finance risks, particularly in high-impact sectors that drive export diversification and support small and medium-sized enterprises (SMEs).

The renewed partnership underscores ICIEC’s strategic role in delivering risk capacity, technical support, and knowledge transfer to member Export Credit Agencies (ECAs), while reinforcing Kazakhstan’s commitment to strengthening non-oil exports under the institutional framework of Baiterek National Managing Holding JSC.

Dr. Khalid Khalafallah, CEO of ICIEC, commented: “This renewal reflects the depth of our partnership with KazakhExport and our shared vision to advance trade and investment across OIC member countries. Through this treaty, ICIEC continues to deliver reinsurance and technical support that empower member ECAs to underwrite larger, more diversified, and more impactful trade transactions.”

Jeddah, Kingdom of Saudi Arabia – The  AMAN UNION , the leading professional forum for commercial and non-commercial insurance and reinsurance companies across the member states of the Organization of Islamic Cooperation (OIC), announced the winners of the  2025 4th AMAN Union Awards  during the  15th AMAN Union Annual General Meeting , graciously hosted by the  Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank (IsDB) Group. The announcement was made by Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC.

The AMAN Union Awards celebrate outstanding achievements and contributions among member institutions and professionals within the export credit, investment, and trade insurance sectors. The awards aim to recognize excellence, encourage innovation, and promote best practices that strengthen institutional capacity and foster sustainable development across the AMAN Union community.

The Exceptional Performance Award honors initiatives that exemplify excellence in operational performance, institutional development, and contribution to AMAN Union’s overarching objectives.

Following a comprehensive evaluation process, the jury selected Saudi Eximbank as the recipient of the 2025 Exceptional Performance Award. The Saudi Eximbank graduate program was recognized for its pioneering and scalable model that enhances institutional capacity, drives business growth, and contributes to social and economic development within member countries.

 “The Export Pioneers Graduate Program reflects the very essence of what the AMAN Union stands for—collaboration, innovation, and capacity-building. By empowering the next generation of professionals and strengthening the export ecosystem, such initiatives contribute directly to the sustainable growth of our member countries and reinforce our mission to support inclusive and resilient development.” said Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC

The Best Research Paper or Thesis of the Year Award recognizes exceptional academic and professional research that advances thought leadership in export credit, investment, and trade finance. This year, the jury selected Jordan Loan Guarantee Corporation (JLGC) as the winner of the 2025 Best Research Paper or Thesis of the Year Award. The winning research was commended for its innovative and timely contribution to the evolving landscape of sustainable finance, offering actionable insights that align with AMAN Union’s mission to foster sustainable economic growth and resilience across member states.

Commenting on this award, Mr. Mourad Mizouri, Secretary-General of AMAN Union “The recognition of this research underscores AMAN Union’s commitment to promoting evidence-based policymaking and knowledge sharing. Encouraging research and thought leadership is key to building stronger, more agile institutions capable of addressing emerging global challenges and opportunities.”

The 2025 AMAN Union Awards reaffirm the Union’s collective dedication to excellence, innovation, and sustainable growth across the export credit and investment insurance ecosystem. Through these awards, AMAN Union continues to recognize and inspire initiatives that advance its mission of promoting economic cooperation and resilience among OIC member states.

Jeddah, Kingdom of Saudi Arabia – The AMAN Union, the leading professional forum for commercial and non-commercial insurance and reinsurance companies across the member states of the Organization of Islamic Cooperation (OIC), showcased the key findings of its Technical Performance Analysis for 2023–2024, prepared and presented by Türk Eximbank, during the 15th Annual Meeting of the Aman Union, hosted by the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) in Jeddah.

The presentation highlighted the continued growth and resilience of the AMAN UNION Full members, underscoring their collective contribution to enhancing trade facilitation and risk management across OIC Member States.

According to the analysis, total insured business among Aman Union full members reached USD 54 billion in 2024, representing a 10% increase compared to the previous year. Premium volumes also expanded by 20%, amounting to USD 338 million, reflecting strong underwriting performance and increased demand for export credit and investment insurance solutions.

Meanwhile, claims paid by member ECAs decreased by 21%, indicating improved portfolio quality and risk mitigation measures. The total number of policyholders rose to 10,000—an 8% annual increase—while the number of buyers insured reached 110,000, growing by 9% year-on-year.

The analysis further revealed that Türk Eximbank, ICIEC, and Saudi EXIM accounted for 87% of total short-term export business insured across the Union, while ICIEC led in investment insurance activities. These results reaffirm the pivotal role of Aman Union members in supporting regional trade, export diversification, and sustainable economic growth.

Speaking on behalf of the Aman Union Secretariat, Ms. Neslihan Diniz, Manager of International Relations at Türk Eximbank, emphasized the importance of continued collaboration and data transparency among members to strengthen institutional capacity and performance benchmarking within the Union.

The Technical Performance Analysis serves as a vital monitoring tool to assess members’ operational trends, identify growth opportunities, and promote exchange of best practices in the field of credit and investment insurance. Its findings contribute to the Union’s broader objective of fostering cooperation, innovation, and sustainable development among its 17 full members.

Jeddah, Kingdom of Saudi Arabia — AMAN UNION General Secretariat, and the Saudi Export-Import Bank (Saudi EXIM Bank) have signed a Transfer Agreement outlining the framework for transferring the tasks and functions of the General Secretariat of the AMAN Union from AMAN UNION General Secretariat to Saudi EXIM Bank.

The agreement was signed by Mr. Mourad Mizouri, Secretary General of AMAN UNION, and Mr. Naif bin Othman Alajroush, Director General of International & Government Relations at Saudi EXIM. The signing took place on the sidelines of the 15th Annual General Meeting of the AMAN Union, held from November 4–6, 2025, in Jeddah and hosted by ICIEC. The gathering brought together leading professionals and experts in credit and investment insurance to explore strategies for promoting trade, mitigating risks, and strengthening regional economic integration.

Under this agreement, AMAN UNION Secretariat General and Saudi EXIM Bank will cooperate to ensure the smooth transfer of the Union’s duties, responsibilities, records, assets, and the institutional functions of the General Secretariat. This milestone reflects both institutions’ shared commitment to reinforcing the AMAN Union’s capacity and advancing its long-term vision.

Mr. Mourad Mizouri, AMAN UNION Secretary General, stated, “This transition marks an important step in enhancing the operational independence and sustainability of the AMAN Union. The AMAN UNION members remain committed to supporting the Union’s mission of fostering collaboration among them.”

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.

Jeddah, Kingdom of Saudi Arabia –– The AMAN UNION, the leading professional forum for commercial and non-commercial insurance and reinsurance companies across the member states of the Organization of Islamic Cooperation (OIC), in collaboration with Swiss Re, is hosting an exclusive virtual session titled “ESG Sustainability Risk Management.” The webinar will bring together leading experts to explore the growing importance of Environmental, Social, and Governance (ESG) principles in the insurance and reinsurance industry, particularly in the context of export credit and investment insurance.

This session aims to strengthen the institutional capacity of AMAN UNION members by deepening their understanding of sustainability-related risks and offering practical insights on integrating ESG considerations into underwriting, portfolio management, and corporate strategy. It forms part of AMAN UNION’s continued efforts to support its members in aligning with global best practices and advancing sustainable development objectives across the Islamic finance and insurance ecosystem.

The webinar will feature presentations from Swiss Re’s Senior Sustainability Manager, Maren Bodenschatz, and Sustainability Risk Manager, Ahmed Ayoub, who will provide an in-depth overview of ESG trends shaping the insurance and reinsurance landscape and share practical examples of Swiss Re’s sustainability strategy and risk management frameworks.

Commenting on the event, Mourad Mizouri, Secretary General of AMAN UNION, said: “Sustainability is no longer an optional agenda—it is a defining pillar of resilience, competitiveness, and trust in our industry. Through this collaboration with Swiss Re, we aim to empower our members to better understand and manage ESG risks, strengthen institutional frameworks, and contribute to a more sustainable and inclusive global economy.”