Baku: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), part of the Islamic Development Bank Group, has released its 2025 Annual Development Effectiveness Report (ADER). This unveiling took place during the IsDB Group 2026 Annual Meetings in Baku, Azerbaijan.
According to Saudi Press Agency, the report, titled 'Anchoring Sustainability: Driving Resilient Trade, Investment, and Development Impact,' is the ninth edition of ICIEC's flagship publication. It provides an evidence-based evaluation of how ICIEC's Shariah-compliant credit and political risk insurance solutions aid in risk mitigation, thereby achieving tangible development outcomes in member countries. The report underscores ICIEC's commitment to enhancing economic resilience, financial inclusion, private sector growth, and human development.
In 2025, ICIEC's development initiatives yielded significant results across various impact areas. Islamic trade and investment finance support surged to $1.9 billion, marking a 3.5-fold increase compared to the previous year. This increase highlights ICIEC's expanding role in facilitating Shariah-compliant financial solutions that bolster trade, investment, and capital mobilization in member countries.
The report further details ICIEC's role in private sector development and fostering inclusive growth. ICIEC-supported transactions in 2025 enabled assistance for 6000 SMEs, reflecting an 84% increase from 2024. These efforts have expanded access to finance for enterprises crucial to job creation, innovation, and economic diversification.
A significant focus on human development is evident, with ICIEC-supported transactions contributing to the support of over 294,000 jobs in 2025, a 144% increase from 2024. Additionally, the report highlights ICIEC's contribution to essential goods and services, with $889 million facilitated in transactions related to food security, energy supply, health, and other critical services crucial for social stability and economic resilience.
Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC, stated, "ICIEC's 2025 Annual Development Effectiveness Report reflects our ongoing commitment to showcasing measurable development impact across member countries. Our Shariah-compliant risk mitigation solutions support Islamic trade and investment finance, enable SMEs, sustain jobs, and facilitate access to essential goods and services. These outcomes demonstrate the practical value of ICIEC's mandate and its role in fostering resilient and inclusive development."
The 2025 ADER also signifies progress in ICIEC's impact reporting by introducing an improved Development Impact Framework with refined indicators and a structured measurement approach. This approach better connects ICIEC's insurance and reinsurance activities with measurable development outcomes. With a cumulative record of $138.9 billion in trade and investment insured since its inception, the report reaffirms ICIEC's dedication to transparency, accountability, and sustainable development impact among its member countries.