The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank (IsDB) Group and a provider of Shariah-compliant insurance solutions, has signed a memorandum of understanding (MoU) with the Nigerian Export-Import Bank (NEXIM) during the recent IsDB Group meetings in Algeria.
This MoU sets the foundation for a strategic partnership aimed at deepening collaboration in the fields of investment insurance and export credit. The alliance is designed to enhance financial and commercial ties, driving economic development across ICIEC member countries and beyond.
Through this partnership, both institutions will share expertise in export credit and investment insurance, conduct joint marketing efforts, and develop customized products for export and investment markets. The agreement also includes capacity-building initiatives to strengthen NEXIM’s capabilities and ensure sustainable, long-term results.
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