The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Honors Award Winning Deals at the Islamic Development Bank (IsDB) Group Private Sector Forum 2025 —Pioneering Shariah-Compliant Risk-Mitigation to Advance Sustainable Development
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, proudly announced today the winners of its flagship accolades at the IsDB Group Private Sector Forum 2025 Awards. The awards ceremony was held on the sidelines of the IsDB Group Annual Meetings 2025 in Algiers, celebrating transactions that have translated Shariah-compliant risk-sharing into measurable socio-economic benefits across the OIC member countries.
Mopane Securities Plc was honored with the Best Trade Credit Insurance Deal of the Year Award for structuring a USD 20 million medium-term credit facility for Uzbekistan’s JSC Aloqabank, arranged by Frontera Capital Group Limited. With 95 percent insurance coverage from ICIEC, the facility enables Aloqabank to extend fresh liquidity to a curated portfolio of Uzbek businesses—mobilizing cross-border capital without conventional collateral and directly advancing SDG 8 (Decent Work and Economic Growth) and SDG 9 (Industry, Innovation and Infrastructure).
Deutsche Bank received the Best Foreign Investment Insurance Deal of the Year award for arranging a seven-year, EUR 149 million commodity Murabaha term facility mandated by Côte d’Ivoire’s Ministry of Finance and Budget to finance regional hospitals in Kong and Odienne. ICIEC’s Non-Honouring of Sovereign Financial Obligation policy covers 95 percent of principal and profit, de-risking the project and enabling the addition of 377 beds.
“Congratulations to all the parties involved in the awarded deals for demonstrating the pivotal role of Shariah-based risk mitigation tools,” said Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC. “By unlocking strategic capital without relying on conventional collateral, these innovative deals have fortified supply chains, expanded critical infrastructure, and fostered inclusive growth. Together, we are not only safeguarding investments but also accelerating progress toward the United Nations Sustainable Development Goals for our member states.”
The award winners were selected by an independent panel of esteemed experts, following a rigorous evaluation process grounded in impact, innovation, and alignment with the Sustainable Development Goals (SDGs). This approach underscores the Awards’ commitment to transparency, impartiality, and excellence in recognizing meaningful contributions to sustainable development.
The award winning deals were selected by an independent panel of esteemed experts, following a rigorous evaluation process grounded in impact, innovation, and alignment with the Sustainable Development Goals (SDGs).
Distributed by APO Group on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).
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About The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC):
ICIEC commenced operations in 1994 with a mission to strengthen economic relations between OIC Member States and promote intra-OIC trade and investment through credit and investment insurance. The Corporation is the World’s only Islamic multilateral insurer in the world and has been at the forefront of delivering a comprehensive suite of risk mitigation tools to support cross-border trade and investments for its 50 Member States. For the 17th consecutive year, ICIEC maintained an “Aa3” insurance financial strength credit rating (IFSR) from Moody’s, positioning the Corporation among the leaders in the Credit and Political Risk Insurance (CPRI) Industry. In addition, ICIEC was assigned a first-time “AA-” long-term Issuer Credit Rating with a Stable Outlook by S&P. ICIEC’s resilience is anchored in its prudent underwriting practices, robust reinsurance arrangements, and sound risk management framework. Since inception, ICIEC has cumulatively insured over USD 121 billion in trade and investment, supporting key sectors such as energy, manufacturing, infrastructure, healthcare, and agriculture.
For more information, visit: http://ICIEC.IsDB.org
