Entrepreneurship

Home page

Entrepreneurship

ICIEC has insured $159 billion worth of trade and investment transactions across 51 countries

Chairman of the Islamic Development Bank (IsDB) Group Mohammed Al Jasser

17 June 2026 10:54 (UTC +04:00)

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has insured more than $159 billion in trade and investment flows across 51 member countries since 1994, Chairman of the Islamic Development Bank (IsDB) Group Mohammed Al Jasser said at the opening ceremony of the Private Sector Forum 2026 held within the framework of the annual meetings of the Islamic Development Bank Group (IsDB), APA reports.

According to him, approximately $57 billion of the insured operations accounted for trade and investment projects among member countries.

“In 2025 alone, ICIEC helped expand access to finance for around 6,000 small and medium-sized enterprises, supported more than 294,000 jobs, and contributed to the provision of essential goods and services worth $890 million in food security, energy, healthcare and other strategic sectors,” he said.

Al Jasser added that since its establishment, the Islamic Corporation for the Development of the Private Sector (ICD) has financed more than 450 projects worth over $7.1 billion in 41 countries, while the International Islamic Trade Finance Corporation (ITFC) has provided nearly $20 billion in trade finance to member countries.

ICIEC Islamic Corporation for the Insurance of Investment and Export Credit Mohammed Al Jasser IsDB Islamic Development Bank Group Private Sector Forum 2026 ICD Islamic Corporation for the Development of the Private Sector ITFC trade finance investment flows export credit insurance member countries SMEs small and medium-sized enterprises