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Zawya
27-05-2025
- Business
- Zawya
Key Outcomes from Islamic Development Bank Group (IsDB)'s 13th Private Sector Forum in Algiers
The Islamic Development Bank Group (IsDBG) ( affiliated institutions organized the 13 th Private Sector Forum from May 20 to 22, 2025, at Abdelatif Rahal International Conference Center in Algiers (People's Democratic Republic of Algeria). The forum was convened on the sidelines of the Group's annual meetings, under the high patronage of His Excellency President Abdelmadjid Tebboune, President of the People's Democratic Republic of Algeria. The Islamic Development Bank Group's Private Sector Forum witnessed a wide turnout, with more than 1,300 participants from 50 countries. It featured active participation from the local, regional, and international private sectors. The program included eight (8) events and panel discussions, with the involvement of more than 50 speakers and 36 exhibitors. For the third consecutive year, the forum presented the "Private Sector Award" to outstanding companies and financial institutions in recognition of their contributions to economic development, trade facilitation, investment, and risk management. Additionally, the forum saw the signing of 26 agreements and memoranda of understanding, amounting to over $3.6 billion. A startup competition was also held, with participation from more than 300 startups and business incubators. More than 250 bilateral meetings (B2B and B2G) were conducted to enhance trade, investment, and partnership relations among member countries. The forum showcased the IsDB Group's activities and initiatives aimed at empowering both public and private sectors in member countries, particularly in the People's Democratic Republic of Algeria. The discussions focused on prevailing opportunities and challenges facing the business sector and highlighted the Group's suite of financing instruments, including lines of financing, private sector financing, trade development support, investment insurance, and export credit facilities, among others. The forum agenda featured a series of dialogue sessions and workshops addressing key economic themes and development projects. Particiants also attended presentations on trade and investment opportunities. The forum attracted high-level participation from Algerian government officials, presidents and CEOs of local, regional, and international private sector companies, investors, businessmen, chambers of commerce and industry, trade and investment promotion bodies, and regional and international financial and development institutions. In his opening remarks, His Excellency Dr. Mohammed Al Jasser, President of the Islamic Development Bank Group, welcomed all participants to the forum. He stated: 'This forum is not just an annual event, but a renewed strategic platform through which we highlight the innovative tools and services offered by the Islamic Development Bank Group institutions to support investment and trade, and expand partnerships within our member countries, including the beloved Republic of Algeria. This session represents a unique opportunity for investors, businessmen, and CEOs from member countries to open channels of communication, establish partnerships, and forge business relations with their counterparts in the Republic of Algeria.' Dr. Khaled Yousef Khalafallah, CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Acting CEO of the Islamic Corporation for the Development of the Private Sector (ICD), stated that the Private Sector Forum 'witnessed a distinguished cohort of partners from both public and private sectors. Sustainability and development constitute the core focus of our mission, as we strive to unify the efforts of our private sector partners and other financing agencies to bridge the sustainable financing gap, provide co-financing opportunities, and develop innovative solutions to address the challenges of sustainable development. He added, 'Since its inception and until 2024, the ICIEC provided cumulative insurance coverage exceeding 121 billion USD, including 96 billion USD to support trade flows and more than 25 billion USD to facilitate foreign investments. Leveraging a robust global reinsurance network, the Corporation has mobilized a cumulative reinsurance capacity of 69 billion USD from the private reinsurance market. Through more than 65,000 transactions across vital sectors including agriculture, renewable energy, infrastructure, manufacturing, and healthcare, the Corporation continues to drive significant development impact across member countries." Regarding the ICD, Dr. Khalid stated 'Since its inception in 1999, the Islamic Corporation for the Development of the Private Sector (ICD) has played a pivotal role in fostering development, empowering businesses, promoting entrepreneurship, and supporting sustainable economic growth. Its diversified investments have had a tangible impact on communities by enabling transformative projects, facilitating partnerships, and building capacity. The Corporation has so far approved 575 projects worth 7.58 billion USD. ICD interventions cover various sectors, including finance, infrastructure, agriculture, manufacturing, and energy, and it has investment operations in 48 member countries, underscoring the broad geographic and sectoral reach of ICD operations.' On his part, Eng. Adeeb Al-Aama, CEO of the International Islamic Trade Finance Corporation (ITFC), stated, "The 13th edition of the Private Sector Forum reaffirmed the vital role of the private sector in fostering economic growth, generating employment, and reducing poverty in member countries. The active participation of the business investors greatly enriched discussions and strengthened collaborative efforts to promote economic resilience and business dynamism.' He added, 'Since its launch in 2008, ITFC has extended over 83 billion USD in financing to OIC member countries, becoming the leading provider of trade solutions in the region. Of this, 19 billion USD was allocated to enhance SMEs competitiveness – combining financial support, technical assistance, and capacity building efforts to help these enterprises access regional and international markets.' For more information, please visit the event website ( Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group). ICD: Website: ITFC: Tel: +966 12 646 8337 Fax: +966 12 637 1064 E-mail: ITFC@ THIQAH: Email: THIQAH@ Social Media: ICIEC: X: Facebook: LinkedIn: Youtube: Instagram: ICD: Twitter: @ ICD_PS LinkedIn: ICDPS Facebook: icdps Instagram: @ icdps YouTube: ICDPSTV ITFC: Twitter: @ ITFCCORP Facebook: @ ITFCCORP LinkedIn: International Islamic Trade Finance Corporation (ITFC) THIQAH: Twitter: @ IDBGTHIQAH Facebook: @ IDBGTHIQAH LinkedIn: IsDB Group Business Forum - THIQAH About The Islamic Development Bank (IsDB): The Islamic Development Bank (IsDB), rated AAA by major international rating agencies, is a multilateral development bank that has strived to improve the lives of the communities it serves for over 50 years by delivering impact at scale. Operating in 57 member countries across four continents, IsDB's mission is to empower people to drive their economic and social progress and provide the infrastructure needed to enable them to reach their full potential. Headquartered in Jeddah, Saudi Arabia, the Bank also operated regional offices and centers of excellence in 11 member countries. Over the years, the Bank has evolved from a single entity into a group of five entities comprising: the Islamic Development Bank (IsDB), the Islamic Development Bank Institute (IsDBI) in charge of research and Training, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC). About the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC): Established in 1994, ICIEC seeks to strengthen economic relations and stimulate trade and investment among OIC member countries through the provision of risk mitigation instruments and financial solutions. It remains the world's only multilateral insurer operating in compliance with Islamic Sharia. ICIEC currently serves 50 countries and has maintained its "Aa3" insurance credit rating from Moody's for 17 consecutive years – the among credit and political risk insurers. It also received a first-time long-term credit rating of AA- from Standard&Poor's with a stable outlook. The Corporation's resilience is underpinned by sound underwriting, reinsurance and risk management practices. To date, ICIEC has cumulatively insured over 121 billion USD in trade and investment across key sectors, including energy, manufacturing, infrastructure, healthcare, and agriculture. For more information, visit: About the Islamic Corporation for the Development of the Private Sector (ICD): A member of the Islamic Development Bank Group, ICD is a multilateral financial institution with an authorized capital is 4 billion USD, of which 2 billion USD is available for subscription. Its shareholders comprise the Islamic Development Bank, 56 member countries, and five public financial institutions. Since its inception in 1999, the Corporation has played a pivotal role in fostering inclusive and sustainable growth through Shariah-compliant financing, cross-border investments, and vital infrastructure development. ICD has contributed significantly to enhancing the economic landscape of its member countries. About the International Trade Finance Corporation (ITFC): A member of the Islamic Development Bank Group, ITFC was established to promote trade among OIC member countries, contributing to their economic development and social well-being. Since commencing operations in January 2008, ITFC has provided over 83 billion USD in trade finance, becoming a leader in delivering tailored trade solutions. The Corporation's mission is to serve as a catalyst for trade development, helping member countries access finance and capacity building programs to enhance competitiveness and global market integration. About the Islamic Development Bank Group Business Forum (THIQAH): THIQAH serves as the private sector interface of the IsDB Group, facilitating engagement and collaboration between the Group entities and businesses in member countries. Its core aim is to build an inclusive, strategic platform for dialogue, cooperation and partnerships focused on high potentials investment opportunities. By leveraging IsDB Group resources, THIQAH offers support services and confidence to investors while promoting cross-border investment flows withing member countries. Website (
Leaders
23-05-2025
- Business
- Leaders
THIQAH Signs Two MoUs in Algiers to Strengthen Private Sector Investment
The Islamic Development Bank (IsDB) Group Business Forum, THIQAH, has signed two memoranda of understanding (MoUs) aimed at boosting private-sector investment during the Private Sector Forum held alongside the 2025 IsDB Group Annual Meetings in Algiers. The first MoU, signed with the Algerian Chamber of Commerce and Industry (CACI), aims to promote the exchange of information on trade and investment opportunities, encourage joint participation in economic events, and support the exchange of business delegations. This agreement is designed to stimulate economic growth and deepen private-sector collaboration between Algeria and other IsDB member countries. The second MoU, signed with the Arab African Center for Investment and Development (CAAID), focuses on strengthening cooperation in investment and development. It outlines plans to co-organize regional and international conferences, facilitate business exchanges, and share expertise to enhance global economic engagement. These partnerships reflect THIQAH's ongoing commitment to advancing national and regional cooperation, attracting private-sector investment, and supporting the IsDB Group's broader goals of inclusive and sustainable development. Related Topics: THIQAH, KAUST Present Revolutionary Research Paper at ArabicNLP 2024 KAUST Accelerates Scientific Research with 67 Projects in AI, Cybersecurity, Bioinformatics IsDB Participates in Roundtable on Partnerships for Impact in Washington Saudi Arabia's nominee for IsDB Group president receives unanimous approval Short link : Post Views: 5
Leaders
23-05-2025
- Business
- Leaders
Arab Coordination Group Partners with Private Sector to Drive Sustainable Development
The Arab Coordination Group (ACG) hosted a flagship session titled 'Partnering for Impact: The Arab Coordination Group and the Private Sector Driving Sustainable Development' during the Private Sector Forum of the Islamic Development Bank (IsDB) Group. This session took place alongside the IsDB Group Annual Meetings in Algiers. The event spotlighted key initiatives, strategic investments, and pioneering success stories led by ACG member institutions. It underscored the global impact of public-private partnerships in advancing sustainable development and emphasized the importance of private-sector engagement in emerging and high-potential markets. The dialogue focused on fostering collaboration and scalable solutions, with a particular emphasis on infrastructure development and the critical role of small and medium-sized enterprises (SMEs) in promoting inclusive economic growth. Established in 1975, the ACG is a strategic alliance of development finance institutions committed to delivering coordinated and effective development support. By leveraging shared expertise and facilitating knowledge exchange, the Group plays a vital role in helping developing countries achieve their social and economic development objectives. To date, the ACG has extended over 11,000 development loans across more than 160 countries. The ACG comprises ten key institutions—four bilateral and six multilateral—including: Abu Dhabi Fund for Development Arab Bank for Economic Development in Africa (BADEA) Arab Fund for Economic and Social Development Arab Gulf Programme for Development (AGFUND) Arab Monetary Fund Islamic Development Bank (IsDB) Kuwait Fund for Arab Economic Development OPEC Fund for International Development Qatar Fund for Development Saudi Fund for Development Together, these institutions are driving sustainable impact through strategic collaboration with the private sector. Related Topics : ICIEC, SAPICO Announce Strategic Partnership to Boost Trade, Investment Opportunities Saudi Arabia Announces Plan to Invest in Meat Self-Sufficiency Saudi Family Forum Launches National Framework for Children's Online Safety Board of Grievances Attains ISO 20000 Certification for IT Service Management Short link : Post Views: 1 Related Stories
Zawya
21-05-2025
- Business
- Zawya
The Islamic Development Bank Group affiliated institutions organized the 13th Private Sector Forum in Algiers
ALGIERS, Algeria -- The Islamic Development Bank Group (IsDBG) ( affiliated institutions organized the 13th Private Sector Forum from May 20 to 22, 2025, at Abdelatif Rahal International Conference Center in Algiers (People's Democratic Republic of Algeria). The forum was convened on the sidelines of the Group's annual meetings, under the high patronage of His Excellency President Abdelmadjid Tebboune, President of the People's Democratic Republic of Algeria. The forum highlighted the IsDB Group's activities and initiatives aimed at empowering both public and private sectors in member countries, particularly in the People's Democratic Republic of Algeria. The discussions focused on prevailing opportunities and challenges facing the business sector and highlighted the Group's suite of financing instruments, including lines of financing, private sector financing, trade development support, investment insurance, and export credit facilities, among others. The forum agenda featured a series of dialogue sessions and workshops addressing key economic themes and development projects. Particiants also attended presentations on trade and investment opportunities. In addition, bilateral meetings between public and private sector institutions (B2B and B2G) facilitated networking, strategic partnerships, experience sharing, and the promotion of success ventures. The forum attracted high-level participation from Algerian government officials, presidents and CEOs of local, regional, and international private sector companies, investors, businessmen, chambers of commerce and industry, trade and investment promotion bodies, and regional and international financial and development institutions. In his opening remarks, His Excellency Dr. Mohammed Al Jasser, President of the Islamic Development Bank Group, welcomed all participants to the forum. He stated: 'This forum is not just an annual event, but a renewed strategic platform through which we highlight the innovative tools and services offered by the Islamic Development Bank Group institutions to support investment and trade, and expand partnerships within our member countries, including the beloved Republic of Algeria. This session represents a unique opportunity for investors, businessmen, and CEOs from member countries to open channels of communication, establish partnerships, and forge business relations with their counterparts in the Republic of Algeria.' In his turn, Dr. Khalid Yousif Khalafalla, CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Acting CEO of the Islamic Corporation for the Development of the Private Sector (ICD), stated that the Private Sector Forum 'witnessed a distinguished cohort of partners from both public and private sectors. Sustainability and development constitute the core focus of our mission, as we strive to unify the efforts of our private sector partners and other financing agencies to bridge the sustainable financing gap, provide co-financing opportunities, and develop innovative solutions to address the challenges of sustainable development. In this context, we are proud of our role in private sector development by providing effective financing solutions to financial institutions and large corporations, as well as facilitating access to suitable financing for small and medium enterprises. We also continue to finance infrastructure projects that enhance development impact, encourage cross-border investment, support member countries' exports, and create new job opportunities.' He added, 'Since its inception and until 2024, the ICIEC provided cumulative insurance coverage exceeding 121 billion USD, including 96 billion USD to support trade flows and more than 25 billion USD to facilitate foreign investments. Leveraging a robust global reinsurance network, the Corporation has mobilized a cumulative reinsurance capacity of 69 billion USD from the private reinsurance market. Through more than 65,000 transactions across vital sectors including agriculture, renewable energy, infrastructure, manufacturing, and healthcare, the Corporation continues to drive significant development impact across member countries." On his part, Eng. Adeeb Al-Aama, CEO of the International Islamic Trade Finance Corporation (ITFC), stated, "The 13th edition of the Private Sector Forum reaffirmed the vital role of the private sector in fostering economic growth, generating employment, and reducing poverty in member countries. The active participation of the business investors greatly enriched discussions and strengthened collaborative efforts to promote economic resilience and business dynamism.' He added, 'Since its launch in 2008, ITFC has extended over 83 billion USD in financing to OIC member countries, becoming the leading provider of trade solutions in the region. Of this, 19 billion USD was allocated to enhance SMEs competitiveness – combining financial support, technical assistance, and capacity building efforts to help these enterprises access regional and international markets.' For more information, please visit the event website ( Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group). Media Contact: ICIEC: Email: ICIEC-Communication@ ICD: Website: ITFC: Tel: +966 12 646 8337 Fax: +966 12 637 1064 E-mail: ITFC@ THIQAH: Email: THIQAH@ Social Media: ICIEC: X: Facebook: LinkedIn: YouTube: Instagram: ICD: Twitter: @ ICD_PS LinkedIn: ICDPS Facebook: icdps Instagram: @ icdps YouTube: ICDPSTV ITFC: Twitter: @ ITFCCORP Facebook: @ ITFCCORP LinkedIn: International Islamic Trade Finance Corporation (ITFC) THIQAH: Twitter: @ IDBGTHIQAH Facebook: @ IDBGTHIQAH LinkedIn: IsDB Group Business Forum - THIQAH About The Islamic Development Bank (IsDB): The Islamic Development Bank (IsDB), rated AAA by major international rating agencies, is a multilateral development bank that has strived to improve the lives of the communities it serves for over 50 years by delivering impact at scale. Operating in 57 member countries across four continents, IsDB's mission is to empower people to drive their economic and social progress and provide the infrastructure needed to enable them to reach their full potential. Headquartered in Jeddah, Saudi Arabia, the Bank also operated regional offices and centers of excellence in 11 member countries. Over the years, the Bank has evolved from a single entity into a group of five entities comprising: the Islamic Development Bank (IsDB), the Islamic Development Bank Institute (IsDBI) in charge of research and Training, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC). About the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC): Established in 1994, ICIEC seeks to strengthen economic relations and stimulate trade and investment among OIC member countries through the provision of risk mitigation instruments and financial solutions. It remains the world's only multilateral insurer operating in compliance with Islamic Sharia. ICIEC currently serves 50 countries and has maintained its "Aa3" insurance credit rating from Moody's for 17 consecutive years – the among credit and political risk insurers. It also received a first-time long-term credit rating of AA- from Standard & Poor's with a stable outlook. The Corporation's resilience is underpinned by sound underwriting, reinsurance and risk management practices. To date, ICIEC has cumulatively insured over 121 billion USD in trade and investment across key sectors, including energy, manufacturing, infrastructure, healthcare, and agriculture. For more information, visit: About the Islamic Corporation for the Development of the Private Sector (ICD): A member of the Islamic Development Bank Group, ICD is a multilateral financial institution with an authorized capital is 4 billion USD, of which 2 billion USD is available for subscription. Its shareholders comprise the Islamic Development Bank, 56 member countries, and five public financial institutions. Since its inception in 1999, the Corporation has played a pivotal role in fostering inclusive and sustainable growth through Shariah-compliant financing, cross-border investments, and vital infrastructure development. ICD has contributed significantly to enhancing the economic landscape of its member countries. About the International Trade Finance Corporation (ITFC): A member of the Islamic Development Bank Group, ITFC was established to promote trade among OIC member countries, contributing to their economic development and social well-being. Since commencing operations in January 2008, ITFC has provided over 83 billion USD in trade finance, becoming a leader in delivering tailored trade solutions. The Corporation's mission is to serve as a catalyst for trade development, helping member countries access finance and capacity building programs to enhance competitiveness and global market integration. About the Islamic Development Bank Group Business Forum (THIQAH): THIQAH serves as the private sector interface of the IsDB Group, facilitating engagement and collaboration between the Group entities and businesses in member countries. Its core aim is to build an inclusive, strategic platform for dialogue, cooperation and partnerships focused on high potentials investment opportunities. By leveraging IsDB Group resources, THIQAH offers support services and confidence to investors while promoting cross-border investment flows withing member countries. Website ( SOURCE: Islamic Development Bank Group (IsDB Group)
Zawya
21-05-2025
- Business
- Zawya
The Islamic Development Bank Group Affiliated Institutions Organized the 13th Private Sector Forum in Algiers, Algeria (20-22 May 2025)
The Islamic Development Bank Group (IsDBG) ( affiliated institutions organized the 13th Private Sector Forum from May 20 to 22, 2025, at Abdelatif Rahal International Conference Center in Algiers (People's Democratic Republic of Algeria). The forum was convened on the sidelines of the Group's annual meetings, under the high patronage of His Excellency President Abdelmadjid Tebboune, President of the People's Democratic Republic of Algeria. The forum highlighted the IsDB Group's activities and initiatives aimed at empowering both public and private sectors in member countries, particularly in the People's Democratic Republic of Algeria. The discussions focused on prevailing opportunities and challenges facing the business sector and highlighted the Group's suite of financing instruments, including lines of financing, private sector financing, trade development support, investment insurance, and export credit facilities, among others. The forum agenda featured a series of dialogue sessions and workshops addressing key economic themes and development projects. Particiants also attended presentations on trade and investment opportunities. In addition, bilateral meetings between public and private sector institutions (B2B and B2G) facilitated networking, strategic partnerships, experience sharing, and the promotion of success ventures. The forum attracted high-level participation from Algerian government officials, presidents and CEOs of local, regional, and international private sector companies, investors, businessmen, chambers of commerce and industry, trade and investment promotion bodies, and regional and international financial and development institutions. In his opening remarks, His Excellency Dr. Mohammed Al Jasser, President of the Islamic Development Bank Group, welcomed all participants to the forum. He stated: 'This forum is not just an annual event, but a renewed strategic platform through which we highlight the innovative tools and services offered by the Islamic Development Bank Group institutions to support investment and trade, and expand partnerships within our member countries, including the beloved Republic of Algeria. This session represents a unique opportunity for investors, businessmen, and CEOs from member countries to open channels of communication, establish partnerships, and forge business relations with their counterparts in the Republic of Algeria.' In his turn, Dr. Khalid Yousif Khalafalla, CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Acting CEO of the Islamic Corporation for the Development of the Private Sector (ICD), stated that the Private Sector Forum 'witnessed a distinguished cohort of partners from both public and private sectors. Sustainability and development constitute the core focus of our mission, as we strive to unify the efforts of our private sector partners and other financing agencies to bridge the sustainable financing gap, provide co-financing opportunities, and develop innovative solutions to address the challenges of sustainable development. In this context, we are proud of our role in private sector development by providing effective financing solutions to financial institutions and large corporations, as well as facilitating access to suitable financing for small and medium enterprises. We also continue to finance infrastructure projects that enhance development impact, encourage cross-border investment, support member countries' exports, and create new job opportunities.' He added, 'Since its inception and until 2024, the ICIEC provided cumulative insurance coverage exceeding 121 billion USD, including 96 billion USD to support trade flows and more than 25 billion USD to facilitate foreign investments. Leveraging a robust global reinsurance network, the Corporation has mobilized a cumulative reinsurance capacity of 69 billion USD from the private reinsurance market. Through more than 65,000 transactions across vital sectors including agriculture, renewable energy, infrastructure, manufacturing, and healthcare, the Corporation continues to drive significant development impact across member countries." On his part, Eng. Adeeb Al-Aama, CEO of the International Islamic Trade Finance Corporation (ITFC), stated, "The 13th edition of the Private Sector Forum reaffirmed the vital role of the private sector in fostering economic growth, generating employment, and reducing poverty in member countries. The active participation of the business investors greatly enriched discussions and strengthened collaborative efforts to promote economic resilience and business dynamism.' He added, 'Since its launch in 2008, ITFC has extended over 83 billion USD in financing to OIC member countries, becoming the leading provider of trade solutions in the region. Of this, 19 billion USD was allocated to enhance SMEs competitiveness – combining financial support, technical assistance, and capacity building efforts to help these enterprises access regional and international markets.' For more information, please visit the event website ( Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group). ICD: Website: ITFC: Tel: +966 12 646 8337 Fax: +966 12 637 1064 E-mail: ITFC@ THIQAH: Email: THIQAH@ Social Media: ICIEC: X: Facebook: LinkedIn: YouTube: Instagram: ICD: Twitter: @ ICD_PS LinkedIn: ICDPS Facebook: icdps Instagram: @ icdps YouTube: ICDPSTV ITFC: Twitter: @ ITFCCORP Facebook: @ ITFCCORP LinkedIn: International Islamic Trade Finance Corporation (ITFC) THIQAH: Twitter: @ IDBGTHIQAH Facebook: @ IDBGTHIQAH LinkedIn: IsDB Group Business Forum - THIQAH About The Islamic Development Bank (IsDB): The Islamic Development Bank (IsDB), rated AAA by major international rating agencies, is a multilateral development bank that has strived to improve the lives of the communities it serves for over 50 years by delivering impact at scale. Operating in 57 member countries across four continents, IsDB's mission is to empower people to drive their economic and social progress and provide the infrastructure needed to enable them to reach their full potential. Headquartered in Jeddah, Saudi Arabia, the Bank also operated regional offices and centers of excellence in 11 member countries. Over the years, the Bank has evolved from a single entity into a group of five entities comprising: the Islamic Development Bank (IsDB), the Islamic Development Bank Institute (IsDBI) in charge of research and Training, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC). About the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC): Established in 1994, ICIEC seeks to strengthen economic relations and stimulate trade and investment among OIC member countries through the provision of risk mitigation instruments and financial solutions. It remains the world's only multilateral insurer operating in compliance with Islamic Sharia. ICIEC currently serves 50 countries and has maintained its "Aa3" insurance credit rating from Moody's for 17 consecutive years – the among credit and political risk insurers. It also received a first-time long-term credit rating of AA- from Standard&Poor's with a stable outlook. The Corporation's resilience is underpinned by sound underwriting, reinsurance and risk management practices. To date, ICIEC has cumulatively insured over 121 billion USD in trade and investment across key sectors, including energy, manufacturing, infrastructure, healthcare, and agriculture. For more information, visit: About the Islamic Corporation for the Development of the Private Sector (ICD): A member of the Islamic Development Bank Group, ICD is a multilateral financial institution with an authorized capital is 4 billion USD, of which 2 billion USD is available for subscription. Its shareholders comprise the Islamic Development Bank, 56 member countries, and five public financial institutions. Since its inception in 1999, the Corporation has played a pivotal role in fostering inclusive and sustainable growth through Shariah-compliant financing, cross-border investments, and vital infrastructure development. ICD has contributed significantly to enhancing the economic landscape of its member countries. About the International Trade Finance Corporation (ITFC): A member of the Islamic Development Bank Group, ITFC was established to promote trade among OIC member countries, contributing to their economic development and social well-being. Since commencing operations in January 2008, ITFC has provided over 83 billion USD in trade finance, becoming a leader in delivering tailored trade solutions. The Corporation's mission is to serve as a catalyst for trade development, helping member countries access finance and capacity building programs to enhance competitiveness and global market integration. About the Islamic Development Bank Group Business Forum (THIQAH): THIQAH serves as the private sector interface of the IsDB Group, facilitating engagement and collaboration between the Group entities and businesses in member countries. Its core aim is to build an inclusive, strategic platform for dialogue, cooperation and partnerships focused on high potentials investment opportunities. By leveraging IsDB Group resources, THIQAH offers support services and confidence to investors while promoting cross-border investment flows withing member countries. Website (
