1. ICIEC
Globally secure….

2. Agenda
Who We Are
What We Do 2

3. Who We Are… A member of the AAA rated Islamic Development Bank Group
Created in 1994 with a mandate to promote Exports from its Member Countries and to facilitate Foreign Direct Investments into its Member Countries
Owned by the Islamic Development Bank (67%) and 40 “Organization of Islamic Conference” Countries (33%)
Rated Aa3 by Moody’s, with a Stable Outlook
The only multilateral export credit agency in the world operating in line with the principle of Shariah
Islamic Corporation for Insurance of Investments and Export Credits (ICIEC)
International Islamic Trade Finance Corporation (ITFC)
Islamic Research and Training Institute (IRTI)
Islamic Corporation for the Development of the Private Sector (ICD) 3

4. ICIEC’s Membership….. 17 ARAB 14 AFRICAN 9 ASIAN Countries Countries
ALGERIA
BAHRAIN
EGYPT
JORDAN
KUWAIT
LEBANON
LIBYA
MAURITANIA
MOROCCO
Oman
QATAR
SAUDI ARABIA
SUDAN
SYRIA
TUNISIA
U.A.E
YEMEN
BENIN
BURKINA FASO
CAMEROON
CHAD
COTE D’IVOIRE
DIJBOUTI
GAMBIA
GABON
GUINEA
MALI
NIGER
NIGERIA
SENEGAL
UGANDA
ALBANIA
BANGLADESH
BRUNEI
IRAN
INDONESIA
MALAYSIA
PAKISTAN
TURKEY
KAZAKHSTAN 4

5. Agenda
Who We Are
What We Do 5

6. ICIEC’s Mandate…. Member Countries Member Countries
Export Credit Insurance
Investment Insurance
To encourage exports from Member Countries to the rest of the World
To Encourage the Flow of
Capital and Investments
from the World
to Member Countries
Member
Countries
Member
Countries 6

7. Full Range of Export Credit Insurance Products….
Comprehensive Short-Term Policy
For recurring export transactions, available to ICIEC MC exporters exporting to any part of the world; max tenor 365 days
Specific Transaction Policy
For single export contracts from ICIEC MCs, exporting to any part of the world; max tenor 7 years
Bank Master Policy
Provides cover to ICIEC MC banks involved in Shariah compatible export financing, max tenor 7 years
Documentary Credit Insurance Policy
Provides cover to ICIEC MC banks/FIs against default on LC’s issued by importers banks
Reinsurance Policy
Reinsurance services provided to ECAs in ICIEC MC’s on a treaty and facultative basis 7 7 7

8. Export Credit Insurance – Eligibility Criteria
Goods/Services must be Shariah Compliant
Exporter must be registered in a Member Country or majority owned by a Member Country national
Goods must be manufactured or have at least 30% value added in a Member Country
Conditions 2 & 3 do not apply in the case of exports of:
Infrastructure equipment
Capital Goods
Food Security related items 8 8 8

9. ICIEC – Covering the World….
Since 1995, ICIEC has covered over USD 5 billion worth of exports in diverse sectors like….
Oil & Petrochemicals
Textiles
Food & Agricultural Products
Infrastructure 9

10. Comprehensive Political Risk Insurance Products….
Four policies offered under the Foreign Investment Insurance Program
Equity
Loan Guarantee
Financing Facility
Non Honoring of Sovereign Obligations
Eligibility criteria are:
Investment must be destined for a Member Country
Investment must be Shariah compliant
New project, extension or acquisition
Scope of Cover: 90%
Standard tenor is 15 years (Max. 20 years) 10 10 10

11. ICIEC – Fostering Investments….
ICIEC encourages investments in its Member Countries by providing Political Risk Insurance Services….
USD 427 million Investment by Dubai Ports World in Djibouti
Pharmaceutical project in Algeria
Power projects in Pakistan… 11

12. Insurance Commitments Trend…12

13. International Reinsurers Political Risk Insurance
Business Profile…
Quota-Share Treaty
with
AtradiusRe & Catlin
Lloyds Syndicate &
other International
Reinsurers
MIGA, Non MC ECA’s &
International Reinsurers
Risk Transfer
Short-Term Export
Credit Insurance
& Reinsurance
Medium-Term Export
Credit Insurance
& Reinsurance
Political Risk Insurance
&
Reinsurance
Products
Credit Information
(Coface, D&B)
Credit Opinions
(Coface, Atradius)
Country Risk Data
(EIU, OECD DB, Coface)
Best Practices
(Berne Union, Prague Club)
Training
(Coface, SACE, IDB)
Credit Information
(Coface, D&B)
Country Risk Data
(EIU, OECD DB, Coface)
Best Practices
(Berne Union, Prague Club)
Technical Support
(SACE, Berne Union)
Country Risk Data
(EIU, OECD DB, Coface)
Legal Analysis Support
(MIGA)
Joint U/W Assessment
Best Practices
(Berne Union, Prague Club)
Technical Support
(MIGA, SACE)
Risk
Underwriting
&
Management 13

14. New Initiatives….
ICIEC will soon be able to provide comprehensive non-payment cover to companies from Non-MC’s, exporting capital equipment and food security related items to ICIEC MC’s
This will enable us to provide comprehensive non-payment cover to international companies active in our member states
ICIEC’s multilateral status is of particular importance in such deals
ICIEC’s maximum percentage of cover is to be increased to 100% on a case-by-case basis, for secured transactions
This will assuage a major concern that banks have, especially for the DCIP product
These changes are expected to go live in July, after the changes to ICIEC's Articles of Agreement are approved by the Board of Governors 14 14 14

15. For more information, please visit www.iciec.com
Thank you !!!
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