BAKU, Azerbaijan, June 17. The Islamic
Corporation for the Insurance of Investment and Export Credit
(ICIEC), a Shariah-based multilateral credit and political risk
insurer and member of the Islamic Development Bank Group, has
released its 2025 Annual Development Effectiveness Report (ADER) on
the sidelines of the IsDB Group 2026 Annual Meetings, held in Baku,
Azerbaijan, from 16 to 19 June 2026, Trend's correspondent
reports.
Published under the theme “Anchoring Sustainability: Driving
Resilient Trade, Investment, and Development Impact,” ICIEC - 2025
ADER marks the ninth edition of ICIEC’s flagship publication on
development impact and institutional performance. The report
presents an evidence-based assessment of how ICIEC’s
Shariah-compliant credit and political risk insurance solutions
translate risk mitigation into tangible development outcomes across
Member Countries, supporting economic resilience, financial
inclusion, private sector growth, and human development.
In 2025, ICIEC’s development contribution was reflected in
strong results across several impact areas. Islamic trade and
investment finance support reached USD 1.9 billion, representing a
3.5-fold the volume of the previous year. This underscores ICIEC’s
growing role in enabling Shariah-compliant financial solutions that
support trade, investment, and capital mobilisation across Member
Countries.
The report also highlights ICIEC’s contribution to private
sector development and inclusive growth. In 2025, ICIEC-supported
transactions enabled support for 6000 SMEs, an 84% increase over
2024, helping expand access to finance for enterprises that are
central to job creation, innovation, and economic
diversification.
Human development remained a key area of impact, with
ICIEC-supported transactions contributing to more than 294,000 jobs
supported during the year, a 144% increase compared to 2024. The
report further demonstrates ICIEC’s contribution to essential goods
and services, with USD 889 million enabled in 2025, including
transactions linked to food security, energy supply, health, and
other critical services that support social stability and economic
resilience.
Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC, said:
“ICIEC’s 2025 Annual Development Effectiveness Report reflects our
continued commitment to demonstrating measurable development impact
across Member Countries. Through our Shariah-compliant risk
mitigation solutions, we are supporting Islamic trade and
investment finance, enabling SMEs, sustaining jobs, and
facilitating access to essential goods and services. These outcomes
reflect the practical value of ICIEC’s mandate and its contribution
to resilient and inclusive development.”
The 2025 ADER also marks an important step forward in ICIEC’s
impact reporting, introducing an enhanced Development Impact
Framework, refined indicators, and a more structured measurement
approach that better links ICIEC’s insurance and reinsurance
activities to measurable development outcomes. Building on a
cumulative record of USD 138.9 billion in trade and investment
insured since inception, the report reaffirms ICIEC’s commitment to
transparency, accountability, and sustainable development impact
across its Member Countries.
