Jeddah: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has insured over $159 billion in trade and investment transactions across 51 member countries since its inception in 1994. This announcement was made by Mohammed Al Jasser, Chairman of the Islamic Development Bank (IsDB) Group, during the opening ceremony of the Private Sector Forum 2026, part of the annual meetings of the IsDB Group.

According to Azeri-Press News Agency, Al Jasser highlighted that approximately $57 billion of the insured operations were related to trade and investment projects among member countries. In 2025, ICIEC played a pivotal role in expanding access to finance for around 6,000 small and medium-sized enterprises. The corporation also supported the creation of more than 294,000 jobs and facilitated the provision of essential goods and services valued at $890 million in sectors such as food security, energy, and healthcare.

Furthermore, Al Jasser noted that since its establishment, the Islamic Corporation for the Development of the Private Sector (ICD) has financed over 450 projects worth more than $7.1 billion across 41 countries. In addition, the International Islamic Trade Finance Corporation (ITFC) has extended nearly $20 billion in trade finance to member countries, underscoring its commitment to fostering economic growth and development within the region.