Riyadh: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group, announced that Sierra Leone has officially become its 51st member.
According to Saudi Press Agency, the accession marks an important step in strengthening ICIEC's presence in sub-Saharan Africa and reflects Sierra Leone's commitment to expanding trade and investment partnerships through multilateral cooperation. As a member, Sierra Leone will benefit from the corporation's Sharia-compliant insurance and reinsurance services, which support exports, attract foreign direct investment, and reduce political and commercial risks.
With Sierra Leone's membership, ICIEC now includes 51 countries, underscoring its role as a leading multilateral institution providing Sharia-compliant insurance solutions to support the economies of member states of the Organization of Islamic Cooperation.