ICIEC Finalizes IsDB Group Annual Meetings 2026 in Baku, Securing Over USD 1 Billion in Seven Agreements
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BAKU – The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah‑based multilateral insurer of credit and political risk and a member of the Islamic Development Bank Group, concluded its participation in the IsDB Group Annual Meetings 2026 in Baku by signing seven agreements, memoranda of understanding and insurance policies worth over USD 1 billion.
Key Takeaways
- ICIEC signed seven agreements worth over $1 billion at the IsDB Group Annual Meetings 2026 in Baku.
- The meetings, held June 16-19 under the theme ‘Regional Integration for Sustainable Prosperity,’ covered ICIEC’s 51 member states.
- ICIEC CEO Dr. Khalid Khalafalla spoke at the CEOs Session on making regional integration investable.
- ICIEC also hosted a panel on de-risking trade and investment to advance regional prosperity.
The meetings were held from 16 to 19 June under the theme “Regional Integration for Sustainable Prosperity,” offering ICIEC a strategic platform to forge partnerships, back viable projects and strengthen its role in facilitating trade and investment among its 51 member states.
At the 14th IsDB Group Private Sector Forum (PSF), Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC, served as a speaker in the CEOs Session “Making Regional Integration Investable.” The discussion highlighted how the IsDB Group can provide integrated solutions by merging trade facilitation, investment structuring and de‑risking tools to turn regional integration goals into scalable, bankable opportunities.
Following the CEOs Session, ICIEC hosted its High‑Level Panel Discussion titled “De‑Risking Trade & Investment for Regional Prosperity.” The session gathered around 300 participants, including senior Azerbaijani officials, business leaders, investors, development finance institutions, export credit agencies, insurers and trade promotion organisations. It underscored Azerbaijan’s role as a strategic regional hub linking Central Asia, the South Caucasus, Türkiye, Europe and the wider OIC region, and examined how Shariah‑compliant risk‑management instruments can unlock cross‑border capital, boost investor confidence and support sustainable development across member countries.
The agreements signed during the PSF addressed key areas such as infrastructure, trade finance, export development, banking cooperation and investment facilitation. They included support for strategic transactions in Nigeria, Türkiye, Uganda and other member countries, as well as partnerships with financial institutions aimed at expanding access to Shariah‑compliant risk‑mitigation and trade‑finance solutions.
Commenting on ICIEC’s participation, Dr. Khalid Khalafalla said: “ICIEC’s achievements in Baku demonstrate the vital role of risk mitigation in turning regional integration ambitions into bankable opportunities. The agreements concluded during the Annual Meetings will support infrastructure delivery, trade flows, investment mobilisation and private‑sector growth across our member states. ICIEC remains committed to providing the confidence and protection needed to move strategic projects from concept to implementation.”
Throughout the Annual Meetings, ICIEC held more than 80 B2B and B2G meetings with stakeholders from over 60 countries, deepening engagement with governments, financial institutions, investors, exporters and private‑sector leaders.
The ICIEC Awards recognised outstanding institutions and initiatives for their contributions to trade, investment and sustainable development. This year, ICIEC honoured First Abu Dhabi Bank, Standard Chartered Bank and Agrobank for landmark infrastructure and trade‑finance transactions that illustrate the impact of effective partnerships and risk mitigation.
On the occasion of the Annual Meetings, ICIEC also issued a Special Issue themed “Corridors of Opportunities: From Azerbaijan to Central Asia, Enabling Bankable Delivery Through Risk Mitigation.” The publication highlighted Azerbaijan’s growing role as a gateway linking Central Asia, the South Caucasus, Türkiye, Europe and the wider Islamic world, and featured perspectives on trade corridors, Islamic finance, export‑credit insurance, investment protection and the role of risk mitigation in advancing sustainable growth.
ICIEC’s outcomes in Baku reaffirm its commitment to working with member states, financial institutions, investors and development partners to de‑risk strategic projects, expand cross‑border trade and promote sustainable prosperity across the OIC region and beyond.
