Download Islamic Corporation for Insurance of Investment and Export

Enhancing Trade and Investments
among OIC Countries
27-28 October 2014, Dushanbe, Tajikistan
ISLAMIC
DEVELOPMENT
ISLAMICCORPORATION
CORPORATION
INSURANCE
OF INVESTMENT
AND CREDIT
EXPORT CREDIT
ISLAMIC
DEVELOPMENTBANK
BANKGROUP:
GROUP: ISLAMIC
FORFOR
THETHE
INSURANCE
OF INVESTMENT
AND EXPORT
1
The Islamic Corporation for the Insurance
of Investment and Export Credit
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Credit Alliance
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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 41 member countries from Asia, Africa and
Europe
Authorized Capital is US$ 600 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
ISLAMIC
DEVELOPMENT
ISLAMICCORPORATION
CORPORATION
INSURANCE
OF INVESTMENT
AND CREDIT
EXPORT CREDIT
ISLAMIC
DEVELOPMENTBANK
BANKGROUP:
GROUP: ISLAMIC
FORFOR
THETHE
INSURANCE
OF INVESTMENT
AND EXPORT
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A broad mandate
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
Member
Countries
Countries
Provide Export Credit Insurance to suppliers of capital equipment,
essential commodities & food security related items to Member
3
Countries
ISLAMIC
DEVELOPMENT
ISLAMICCORPORATION
CORPORATION
INSURANCE
OF INVESTMENT
AND CREDIT
EXPORT CREDIT
ISLAMIC
DEVELOPMENTBANK
BANKGROUP:
GROUP: ISLAMIC
FORFOR
THETHE
INSURANCE
OF INVESTMENT
AND EXPORT
3
ICIEC Member Countries
ARAB
COUNTRIES
ALGERIA
EGYPT
BAHRAIN
JORDAN
KUWAIT
LEBANON
LIBYA
MAURITANIA
MOROCCO
OMAN
QATAR
SAUDI ARABIA
SUDAN
SYRIA
TUNISIA
U.A.E.
YEMEN
SUB-SAHARAN
AFRICAN
COUNTRIES
BENIN
BURKINO FASO
CAMEROON
IVORY COAST
CHAD
DJIBOUTI
GABON
GAMBIA
GUINEA
MALI
MOZAMBIQUE
NIGER
NIGERIA
SENEGAL
UGANDA
EURASIAN
COUNTRIES
ALBANIA
BANGLADESH
BRUNEI
INDONESIA
IRAN
KAZAKHSTAN
MALAYSIA
PAKISTAN
TURKEY
MEMBERSHIP
APPLICATIONS UNDER
PROCESS
GUINEA BISAU
PALASTINE
SURINAME
TOGO
UNION OF COMOROS
IRAQ
AZERBAIJAN
ISLAMIC
DEVELOPMENT
ISLAMICCORPORATION
CORPORATION
INSURANCE
OF INVESTMENT
AND CREDIT
EXPORT CREDIT
ISLAMIC
DEVELOPMENTBANK
BANKGROUP:
GROUP: ISLAMIC
FORFOR
THETHE
INSURANCE
OF INVESTMENT
AND EXPORT
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How does ICIEC extend its services
• directly to exporters in Member countries
• to banks in member countries
• cooperation with Export Credit Agencies (ECA) of
member countries (reinsurance)
• directly to equity investors investing in member countries
• to international banks financing investments in member
countries
• to ECAs of non member countries ( Sinosure, Atradius
etc.) for imports of capital goods
ISLAMIC
DEVELOPMENT
ISLAMICCORPORATION
CORPORATION
INSURANCE
OF INVESTMENT
AND CREDIT
EXPORT CREDIT
ISLAMIC
DEVELOPMENTBANK
BANKGROUP:
GROUP: ISLAMIC
FORFOR
THETHE
INSURANCE
OF INVESTMENT
AND EXPORT
5
Sample transactions of intra-OIC Trade &
Investment Insurance
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Export of cables from Egypt to Sudan
Exports of pharmaceuticals from Jordan to Algeria
Export of livestock from Sudan to Saudi Arabia
Exports of oil from Saudi Arabia to Pakistan, Bangladesh
A pharmaceutical factory investment from Jordan to
Algeria
• A steel factory investment from Turkey to Algeria
• An energy investment from Turkey to Lebanon
ISLAMIC
DEVELOPMENT
ISLAMICCORPORATION
CORPORATION
INSURANCE
OF INVESTMENT
AND CREDIT
EXPORT CREDIT
ISLAMIC
DEVELOPMENTBANK
BANKGROUP:
GROUP: ISLAMIC
FORFOR
THETHE
INSURANCE
OF INVESTMENT
AND EXPORT
6
Other sample transactions of Trade &
Investment Insurance
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Export of cables, aluminum, petrochemicals
Dubai Metro, UAE
French investment of dairy products, Iran
Container Terminal Project, Djibouti
Import of excavators and trucks for SSGPO, Kazakhstan
Power plants in Senegal and Indonesia
Dakar Int. Airport, Senegal
Istanbul Metro, Turkey
Oil exploration project, Pakistan
ISLAMIC
DEVELOPMENT
ISLAMICCORPORATION
CORPORATION
INSURANCE
OF INVESTMENT
AND CREDIT
EXPORT CREDIT
ISLAMIC
DEVELOPMENTBANK
BANKGROUP:
GROUP: ISLAMIC
FORFOR
THETHE
INSURANCE
OF INVESTMENT
AND EXPORT
7
Benefits of ICIEC membership
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In Export Credit Insurance:
• Protects Foreign Receivables
• Creates Global Competitiveness
• Enhances Export Volume
• Increases Number of Export Markets
• Enhances Risk Capacity
In Foreign Investment Insurance:
• Encourages Foreign Direct Investment
from member as well as non-member
countries’ investors and banks
ISLAMIC
DEVELOPMENT
ISLAMICCORPORATION
CORPORATION
INSURANCE
OF INVESTMENT
AND CREDIT
EXPORT CREDIT
ISLAMIC
DEVELOPMENTBANK
BANKGROUP:
GROUP: ISLAMIC
FORFOR
THETHE
INSURANCE
OF INVESTMENT
AND EXPORT
8
Thank You!
For more information please visit
www.iciec.com
contact:
[email protected]
ISLAMIC
DEVELOPMENT
ISLAMICCORPORATION
CORPORATION
INSURANCE
OF INVESTMENT
AND CREDIT
EXPORT CREDIT
ISLAMIC
DEVELOPMENTBANK
BANKGROUP:
GROUP: ISLAMIC
FORFOR
THETHE
INSURANCE
OF INVESTMENT
AND EXPORT
9