IslamicFinance.de

The Islamic Corporation for the Insurance of Investment and Export Credit has entered into an agreement with Nigerian Export-Import Bank for promoting Nigeria's exports. The ICIEC will provide credit insurance and reinsurance support to NEXIM. NEXIM insurance underwriters would be provided training after which joint promotion would be undertaken in the Nigerian market, Dr. Abdel Rahman Taha, ICIEC's chief executive officer said.

The Islamic Corporation for the Insurance of Export Credits and Investment (ICIEC) is still taking into consideration the idea of a third party sukuk guarantee fund.
However, Abdel Rahman Taha, the chief executive officer of ICIEC, states that the corporation has began to work internally to design a new sukuk policy which can be presented as a means to improve the credit structure and appeal of sukuk. It is expected that this new policy will be able to provide the much needed pause to the sukuk market.