1 Member of Islamic Development Bank Group

2 ICIEC - Who we are ICIEC - Who we are Business Profile Business Profile Products & few Sample Transactions Products & few Sample Transactions Table of Contents

3 Member of Islamic Development Bank Group Who We Are IFSR Aa3 Credit Alliance ICIEC is a multinational institution with full juridical personality and multilateral status Established in 1994 & based in Jeddah – KSA with a representative office in DIFC - Dubai Owned by the Islamic Development Bank Group in addition to 43 member countries from Asia, Africa and Europe Subscribed capital is US$ 637 million Rated Aa3 by Moody's The only Export Credit Agency in the world that provides export credit & Investment insurance in compliance with the Islamic Shariah Permanent Member in Berne Union, Coface Alliance, Prague club and founding member of AMAN Union

4 Member of Islamic Development Bank Group ) International Islamic Trade Finance Corporation (ITFC) Islamic Corporation for the Development of the Private Sector (ICD) Islamic Corporation for Insurance of Investments and Export Credits (ICIEC) Islamic Research and Training Institute (IRTI) Affiliated Institution Aa3 rated by Mood’s

5 Member of Islamic Development Bank Group ICIEC Mandate … Covering domestic sales inside member countries Helping MCs import of strategic and capital goods from the world To encourage the flow of capital and investment from the World to Member Countries To encourage exports from Member Countries to the rest of the World Export Credit Insurance Investment Insurance Domestic Credit Insurance Import Credit Insurance

6 Member of Islamic Development Bank Group 6 ICIEC Membership – a broad swathe…ICIEC Membership – a broad swathe… 1.ALGERIA 2.BAHRAIN 3.EGYPT 4.JORDAN 5.KUWAIT 6.LEBANON 7.LIBYA 8.MAURITANIA 9.MOROCCO 10.OMAN 11.QATAR 12.KSA 13.SUDAN 14.SYRIA 15.TUNISIA 16.U.A.E 17.YEMEN 18.Iraq 19.Palestine 1. BENIN 2. BURKINA FASO 3. CAMEROON 4. CHAD 5. GAMBIA 6. DIJBOUTI 7. GUINEA 8. MALI 9. NIGER 10. SENEGAL 11. UGANDA 12. NIGERIA 13. GABON 14.Ivory Coast 15.Mozambique 1. BANGLADESH 2. BRUNEI 3. IRAN 4. INDONESIA 5. MALAYSIA 6. PAKISTAN 7. TURKEY 8. KAZAKHSTAN 19 ARAB Countries 8 ASIAN Countries 15 AFRICAN Countries 1 EUROPEAN Country 1. ALBANIA

7 Member of Islamic Development Bank Group ICIEC Product Mix Banks Investors ECAs Suppliers Credit Insurance Political Risk Insurance Trade Credit Insurance Reinsurance Foreign Investment Insurance : Equity Investments Non Equity Investments Inward Reinsurance : Quota Share Treaty Facultative Reinsurance Excess of Loss Treaty Trade Finance and Investment Insurance Bank Master Policy Documentary Credit Policy Loss Payee Assignment for CSTP/STP PRI for Financing Facilities Non-Honoring of Sovereign Financial Obligations Export & Domestic Credit Insurance : Comprehensive Short term Policy Specific Transaction Policy Supplement Medium term Policy

8 Member of Islamic Development Bank Group 8 Facilitating Trade; Insuring Confirmed L/C’s Tombstone Amount: $ 30 million ICIEC’s covered: $ 20 million Credit Period: 30 days Pricing– Pre Agreed 3% p.a applied to the credit risk period. ICIEC cover –Risks Covered- 90% risk of non- payment of LC issuing Bank Settled in May, 2008 Importer in Ethiopia Importer’s Bank CBE Exporter in Saudi Arabia DCIP PH LC confirming Bank Confirms $30m Export Contract White Sugar Cane valued at $ 30.0m Opens LC Makes Payments Payment Settled in 30 days Adds Confirmation to LC Credit Limit Approval for $20 m $ 20.0m Insured By ICIEC ICIEC provided a cover of USD 20 million covering The risk of issuing bank

9 Member of Islamic Development Bank Group 9 Facilitating Short Term Trade; Loss Payee Structure Tombstone Exporter signs contract with Importer on CAD or Open Account Terms ICIEC issues CSTP Policy to Exporter Percentage of cover: 90% In case of Buyer’s default Exporter will Submit Claim with ICIEC ICIEC will compensate 90% of the Loss Exports Open Account or CAD Terms Or Even on L/C International Buyer Credit Information/Credit Assessment Assistance COFACE/Atradius/Local Sources Midal Cables Bahrain DEFAULT SUBMITS CLAIM, RECEIVES COMPENSATION FROM ICIEC CSTP Policy ICIEC provided a cover of USD 20 million covering The risk of issuing bank

10 Member of Islamic Development Bank Group Facilitating Foreign Investment: DCT Project Djibouti MIGA (Insurer) Djibouti Port Authority Government of Djibouti Doraleh Container Terminal DPW Djibouti Direct Agreement Concession Agreement Banks Islamic financing Agreement Main Rationale for ICIEC Involvement: Islamic financing component Reinsurance Tombstone Covered Parties – Islamic Financing Tranche providing banks Insurance Duration – 15 years Percentage of cover – 90% Investment Value – USD 427 million Cover amount – USD 50 million Status –currently underway

11 Member of Islamic Development Bank Group KEY POLICY HOLDERS

12 Member of Islamic Development Bank Group Thank you