IslamicFinance.de

The Board of Governors of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), member of Islamic Development Bank (IDB) Group, approved in its 20th Annual Meeting the Annual Report and the Financial Results for 1433H (2012). Last year, the Corporation has continued to enhance the support it provides for exports from and investments into our Member Countries. Despite the existing challenges, the Corporation's Business Insured numbers remained strong at USD 3.07 billion, which is comparable to the business insured numbers achieved last year. ICIEC Chief Operating Officer Khemais El-Gazzeh said, especially the Political Risk Insurance (PRI) program stood out, having increased by 167% to reach a record high of USD 825 million.