ICIEC HeadquartersP.O.Box 15722 Jeddah 21454Kingdom of Saudi ArabiaTel.: Operator (+966) 2 644 5666Business Development : (+966) 12 646 7597 / 7594Fax: (+966) 12 644 3447 E-mail: [email protected], [email protected]
ICIEC’s Representative OfficesUAETel: (+971) 42776255 / 42776257 / 42776256Mob:(+971) 567288091 / 567196952 / 569551354E-mail: [email protected]
Senegal Mobile: + 221 776 379 814 E-mail: [email protected]
TurkeyMobile: + 90 530 391 [email protected]
www.iciec.com
CUMULATIVEOPERATIONS
�gures are in USD billion
ImportsExports
Outward InvestmentInward Investments
Total
11.7716.651.604.2934.31
(UTILIZATION OF ICIEC’S SERVICES UP TO 15 MAY 2015)
No transactions were reported until ent of 15 May 2015 for the following countries: Albania, Brunei, Chad, Mozambique.
SAUDI ARABIA 24.96%
BAHRAIN 11.01%
UAE 12.63%EGYPT 7.84%
PAKISTAN 7.27%
TURKEY 4.75%
JORDAN 4.25%
ALGERIA 4.05%
BANGLADESH 2.64%
TUNISIA 2.44%
SENEGAL 2.28%
COTE D'IVOIRE 2.11%
SUDAN 1.95%
MOROCCO 1.74%
INDONESIA 1.46%
IRAN 1.42%
DJIBOUTI 1.34%
LEBANON 1.24%
KUWAIT 1.09%
SYRIA 0.82%
MALAYSIA 0.55%
13.7%
GAMBIA 0.04%
GUINEA 0.03%
NIGER 0.02%
UGANDA 0.01%
BENIN 0.01%
NIGERIA 0.01%
BURKINA FASO 0.01%
IRAQ 0.01%
MAURITANIA 0.49%
QATAR 0.33%
LIBYA 0.23%
OMAN 0.21%
YEMEN 0.20%
CAMEROON 0.20%
KAZAKHSTAN 0.15%
GABON 0.09%
MALI 0.05%
$34.31billion
HOW ICIEC IS FACILITATING TRADE & FDI IN MEMBER COUNRIES?
FOR MORE THAN 20 YEARS OFMAKING BUSINESSTRANSACTIONSLESS RISK & MORE COMPETITIVE
“In additionto its core business, ICIEC o�ers technical assistanceto ECAs”
“An Aa3 rating from Moody’s is indicative
of the level of con�dence placed in
ICIEC’s risk management
environment”
WhyICIEC
A multilateral institution owned by
the Islamic Development Bank and 41 Member Countries
Over 20 years of experience in Credit
and Political Risk Insurance
Apioneer inIslamic Credit and
Political Risk Insurance
�e only Multilateral
Institution in the world quali�ed to
insure Sukuk
Member of the Islamic
Development Bank Group
Strong Local expertise and knowledge of
MemberCountries
Strong International Reinsurers'
partners
Rated Aa3 by Moodys since
2008
WHO WE ARE
1994Establishment of ICIEC as a multilateral export credit and investment insurance entity, with initial membership of 13 countries
2000Amendment to ICIEC Articles of Agreement to allow cover of exports to the world
2005Amendment to ICIEC Articles of Agreement to allow cover of investments from anywhere in the world
2008Assigned �rst time rating of Aa3 by Moody’s
2009Membership in Berne UnionEstablishment of Aman Union
2010Inauguration of the 1st Representative O�ce in UAE
2011Increase in the authorized capital from ID 150 million to ID 400 million
2012Increase in paid-up capital by 37% to reach over ID 100 million
2014Celebration of the 20th Anniversary of ICIEC
2015• Maintained the Aa3
rating from Moody’s
• Country membership reaches 43
MILESTONES
MAJOR SHAREHOLDERS
MEMBER IN
MEMBER COUNTRIES TRADE & FDI CHALLENGES
ICIEC is a multilateral export credit insurance institutions a member of AAA rated Islamic Development Bank and 43 Islamic Countries.
* 1 share = ID 1,000 = USD 1,48 as of the end of 1435H
shares%
MemberCountries
ProfessionalSta�
TotalEmployees
65
43
Founded1994
Head QuartersJeddah, Saudi Arabia
Representative o�cesUAE, Senegal, Turkey
4
85%
“To be the Internationally Recognized Leader in Sharia compatible Export Credit and Investment Insurance and Re-insurance in Member Countries.”
MISSION
We are committed to support trade and FDI in the OIC member countries through ….Political Risk InsuranceTrade Credit Risk Insurance
STRATEGY
“To encourage exports from Member Countries and to facilitate the �ow of Foreign Direct Investments to Member Countries by providing and encouraging the use of Sharia compatible Export Credit and Investment Insurance as Credit and Political risk mitigation instruments.”
VISION
- Low Intra-OIC
Trade level (18%)- Low utilization of credit
enhancement tools.- Week access to �nancing facilities- 80% OIC trade is energy-oil- 10 OIC countries constitute 72% of all
OIC trade- ECAs worldwide support about 10% of
global trade �ows - OIC’s Member Countries, ECAs support
less than 1% of global trade �ows- Export of OIC member countries
2.4Trillion
TRADE
- Risk Mitigation - Islamic Finance- Direct Investment - Trade Credit
WHAT WEPROMOTE
- Insurance- Reinsurance - Technical Assistance- Capacity Building
KEY AREAS OFOPERATIONS
- To increase the scope of the International Trade transactions from Member Countries of the Organization of the Islamic Cooperation (OIC)
- To facilitate the FDI �ows into OIC Member Countries
- To provide reinsurance facilities to Export Credit Agencies (ECAs) in Member Countries
MANDATE
Banks & Financial Institutions:- Bank Master Policy (BMP)- Documentary Credit Insurance Policy (DCIP)
Exporters:- Speci�c Transaction Policy (STP)- Comprehensive Short–Term Policy (CSTP)
Contractors:- Speci�c Transaction Policy (Contract Frustration)
Investors / Financiers: - Equity Financing, Facility, Loan Guarantee- Non-honoring of Sovereign Financial Obligation- Sovereign Sukuk Insurance Policy
Export Credit Agencies (ECAs):- Quota Share Treaty (QST)- Excess of Loss- Reinsurance of Domestic Business- Reinsurance facultative Agreement (RFA)
OUR PRODUCTS
- Export Credit Agencies & Private Insurance Companies- Associations- Multilateral & Regional Institutions
PARTNERS
OIC MCs attracted USD 136.647 billion of FDI in 2013, which represents 9.42% of world �ows compared to 52% attracted by developing countries.
Member Countries have a limited volume of Foreign Trade and hilgly depend on exports of few commodities depend on traditional market
FDI
Board of GovernorsMinisters & Central Bank Govorners of Member CountriesBoard of DirectorsRepresentatives of 56 IDB Member Countries
Chairman of the Board of DirectorsDr. Ahmad Mohammed Ali
Chief Executive OfficerEng. Hani Salem Sonbol
OUR STRUCTURE
“ICIEC is the only multilateral export credit and investment insurance corporation in the world that provides Shariah compliant insurance and reinsurance products”
20,000Shares of Remaining33 Members 7%
60,000KSA 20.92%
10,000Iran 3.49%
7,500Kuwait 2.62%
7,500UAE 2.62%
6,500Kazakhstan 2.27%
5,000Morocco 1.74%
5,000Qatar 1.74%
5,000Turkey 1.74%
3,625Baharin 1.26%
150,000IDB 52.31%
6,703Egypt 2.34%
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