Beijing, China — September 17, 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, and China Export & Credit Insurance Corporation (Sinosure) recently signed a Memorandum of Understanding at Sinosure's Beijing headquarters to expand cooperation in de-risking cross-border trade and mobilizing investment between China and ICIEC Member States, in alignment with national priorities of ICIEC’s Member States and the Belt and Road Initiative.

The MoU was signed by Dr. Khalid Khalafalla, CEO of ICIEC, and Mr. Sheng Hetai, President and Vice Chairman of Sinosure. The MoU aims to expand collaboration in risk management solutions including export credit insurance, political risk insurance, and investment protection, to facilitate cross border trade and investment flows.

The partnership frames collaboration in co-insurance and reinsurance for strategic transactions, coordinated underwriting and risk assessment, information exchange, and joint development of a pipeline across infrastructure, energy, transport, manufacturing, healthcare, and digital connectivity. It also envisages SME-oriented trade solutions and offerings aligned with ESG and Shariah principles, supported by knowledge sharing on underwriting, claims, and recoveries.

Dr. Khalid Khalafalla, CEO of ICIEC, said: "This partnership with Sinosure combines complementary strengths to unlock high-impact trade and investment flows between China and ICIEC Member States. By sharing risk and expertise, we can make more projects bankable, channel capital to priority sectors, and deliver sustainable development outcomes across our markets."

Under the new partnership framework, ICIEC and Sinosure will collaborate on co-insurance and reinsurance for strategic transactions, the joint development of risk-coverage solutions, and the exchange of market intelligence to strengthen underwriting and risk-management capabilities. The partnership will also advance capacity building and the facilitation of China’s outward investments into ICIEC Member States, cultivating a pipeline of projects in infrastructure, energy, transport, manufacturing, healthcare, and digital connectivity to drive sustainable growth and regional integration.