The Republic of Sierra Leone has become the 51st member of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group.
This move highlights ICIEC’s growing reach across Sub-Saharan Africa, and underscores Sierra Leone’s commitment to bolstering trade and investment relationships through collaborative international efforts.
The nation will now benefit from ICIEC’s Shariah-compliant insurance and reinsurance products, which are specifically structured to support exports, attract foreign direct investment, and offer protection against both political and commercial risks.
Welcoming Sierra Leone’s membership, Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC, stated: “We are delighted to welcome the Republic of Sierra Leone into the ICIEC membership. This accession reflects both the growing recognition of ICIEC’s developmental mandate and Sierra Leone’s vision to build a more resilient and diversified economy.
“We look forward to supporting the country in mobilizing investments, enhancing export competitiveness, and creating new opportunities for its public and private sectors.”
With Sierra Leone’s membership, ICIEC now counts 51 Member Countries reinforcing its role as a key multilateral provider of Shariah-compliant insurance and risk-mitigation solutions, supporting economies across the Organization of Islamic Cooperation (OIC) economies.
