ICIEC inks strategic Retakaful partnership with Malaysia EXIM Bank

ICIEC inks strategic Retakaful partnership with Malaysia EXIM Bank

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, has announced a significant collaboration with Export-Import Bank of Malaysia Berhad (MEXIM). The two entities have signed a Memorandum of Retakaful Arrangement (MoA) during the IsDB Group Annual Meeting 2024 […]The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, has announced a significant collaboration with Export-Import Bank of Malaysia Berhad (MEXIM).

The two entities have signed a Memorandum of Retakaful Arrangement (MoA) during the IsDB Group Annual Meeting 2024 held in Riyadh, Saudi Arabia.

The MoA establishes a high-level, non-binding, and non-exclusive framework designed to foster cooperation between ICIEC and MEXIM.

The partnership aims to enhance collaborative efforts on mutually agreed projects and objectives, further detailed in an upcoming Treaty Agreement upon confirmation of treaty collaboration.

Further, this alliance underscores the shared vision and commitment of both ICIEC and MEXIM  to explore new horizons and leverage their strengths for the greater good of their communities and the economies they serve.

The signing ceremony was marked by the presence of distinguished leaders from both organizations,