22.04.2013 - ICIEC's Board of Directors approves innovative sukuk insurance product
Under the Chairmanship of Dr. Ahmed Mohamed Ali, President of the Islamic Development Bank Group, the Board of Directors of the Islamic Corporation for Insurance of Investment and Export Credit (ICIEC) approved at its recent meeting held at the Bank's headquarters in Jeddah, the launching of a new insurance product, the "Sovereign Sukuk Insurance Policy". The BOD authorized ICIEC to launchthis product, which will insure the Sukuk investor against default on Sukuk issued by Sovereign entities of member countries...............................................Full Article: Source
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