ICIEC signs cooperative MoUs with UKEF and CESCE

(Zawya, Dubai, 4 October 2020) The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) signed a Memorandum of Understanding (MoU) for cooperation with the United Kingdom’s Export Credit Agency (UKEF). The MoU allows for both entities to enter into co-insurance, reinsurance or cooperation agreements to engage in strategic joint projects that support exports and investments from the United Kingdom into ICIEC’s 47 member countries including UAE, Oman and Bahrain – all ICIEC member countries.. The partnership is beneficial for both institutions as they each offer Shariah compliant financing through the provision of Islamic Sukuk and share an interest in promoting and supporting Islamic finance transactions. ICIEC has also signed a memorandum of understanding with Spanish ECA CESCE