UAE seeks more Islamic economy opportunities by boosting halal exports – ZAWYA

  • Date: 21-Jun-2020
  • Source: Zawya
  • Sector:Economy
  • Country:UAE
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UAE seeks more Islamic economy opportunities by boosting halal exports – ZAWYA

UAE's federal export credit company, Etihad Credit Insurance (ECI) has partnered with Dubai Islamic Economy Development Centre (DIEDC) to boost UAE exports through sharia-compliant export credit solutions.. As part of the agreement, the federal export credit company will support DIEDC's partners through its trade credit services that can significantly boost their sharia-compliant exports.. The two organisations will also partner with Islamic banks and exporters in projects that require export financing, structured trade finance, project finance, as well as supply chain finance.. The partnership also envisages to enhance awareness of Islamic trade credit and political risk solutions and financing structures (based on takaful) as well as to examine how ECI can provide DIEDC's business partners with risk mitigating tools.. ECI will participate in conferences, workshops, training courses and activities focused on exports and Islamic finance organised by DIEDC..