The insurance policy is expected to support Islamic trade finance transactions worth USD 50 million
ALGIERS, Algeria, May 23, 2025/APO Group/ --
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (www.ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, today signed a Bank Master Policy (BMP) with Al Baraka Bank-Egypt, on the sidelines of the IsDB Group Annual Meetings 2025 in Algier. The policy was signed by Dr. Khalid Khalafalla, CEO of ICIEC, together with Mr Ahmed Atteya, Head of Financial Institutions Department, Al Baraka Bank-Egypt.
Dr. Khalid Khalafalla, CEO of ICIEC, and Mr Ahmed Atteya, Head of Financial Institutions Department, Al Baraka Bank-Egypt
The insurance policy is expected to support Islamic trade finance transactions worth USD 50 million. It represents a key step toward the development of Islamic finance and enhancing its role in supporting SMEs in member countries.
“We are delighted to partner with Al Baraka Bank – Egypt on this landmark Policy. This agreement underscores our shared commitment to facilitating reliable, Shariah-compliant trade finance solutions that foster sustainable economic growth and resilience across our member states,” said Dr. Khalid Khalafalla, CEO of ICIEC. “By mitigating transaction risks, we help our partners expand into new markets and promote development initiatives that benefit member countries.”
Distributed by APO Group on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).
More needs to be done for the Youths insha'allah.
It does not cost anything to give them structure and discipline only the creation of the opportunity to serve their country and gain livelong skills.
I think Somaliland has been getting weaker day after day since Silanyo came to power about two years ago:
1… BERBERA is totally being run by one sub-clan (Isse Muse) and never obey what the president orders (refer Cement Factory case when the president issued orders for Dahabshiil Group but Isse Muse' malitia vetoed the presidential decree and tore up the letter signed by the president into small pieces.
2.. Local Council elections were rigged and until now there are civil strife in parts of the country.
3. HARGAISA STADIUM was captured ARAB (SUB-CLAN of ISAAQ) malitia and worlords who want money from the Government THUS POSTPONEMENT OF PROVINCES TOURNAMENT (DUE TO MID JANUARY 2013) POSTPONED TO JUNE OR UNTIL FURTHER NOTICE.
These things and flying of some politicians to Mogadishu indicate that Somaliland project may be wrapped up soon.
Is this the latest information from the darood HQ in garowe.
SiyaasiOne, shut up with the clan talk. Somaliland is a work in process, but using tribe talk only shows your anti somaliland views. You must be from Puntland.
Healthy bodies, Healthy minds. Onwards and upwards on the youth front. More opportunities, more employment.