The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, is proud to announce that the Republic of Sierra Leone has become its 51st Member Country.
This milestone signifies ICIEC’s expanded presence in Sub-Saharan Africa and reinforces Sierra Leone’s strategic commitment to strengthening its trade and investment partnerships through multilateral cooperation.
As a member, Sierra Leone will immediately gain access to ICIEC’s Shariah-compliant insurance and reinsurance solutions. These tools are specifically designed to facilitate exports, attract vital foreign direct investment, and mitigate political and commercial risks for both public and private sector projects.
Welcoming the accession, Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC, stated: “We are delighted to welcome the Republic of Sierra Leone into the ICIEC membership. This accession reflects both the growing recognition of ICIEC’s developmental mandate and Sierra Leone’s vision to build a more resilient and diversified economy. We look forward to supporting the country in mobilizing investments, enhancing export competitiveness, and creating new opportunities for its public and private sectors.”
With Sierra Leone’s membership, the ICIEC now counts 51 Member Countries, strengthening its pivotal role as a leading multilateral provider of Shariah-compliant insurance and risk-mitigation solutions in support of the economies of the Organization of Islamic Cooperation (OIC).
ABJ/APA