The Islamic Corporation for the Insurance of Investment & Export Credit (ICIEC) and the International Islamic Trade Finance Corporation (ITFC) have signed a Documentary Credit Insurance Policy (DCIP) to boost trade facilitation across OIC member countries.

This policy will provide critical coverage for ITFC transactions, enhancing trade confidence and mitigating risks in Shariah-compliant trade finance. The move aims to strengthen economic resilience, foster sustainable development, and facilitate secure international trade.

Dr. Khalid Khalafalla, CEO of ICIEC, emphasised that the policy reinforces robust trade finance solutions, while Nazeem Noordali, Officer-in-Charge CEO of ITFC, highlighted its role in ensuring seamless trade flows and economic stability.

A major step towards economic growth and trade security!