A number of new initiatives
have given Islamic trade finance and export credit insurance a major
boost. MUSHTAK PARKER explains Trade facilitation between member
countries of the Organisation of Islamic Cooperation (OIC), especially
the Middle East and North Africa (MENA) states, and an increased role
for Islamic trade finance and export credit insurance, is set for a
major boost. This is due to the launching of several new initiatives and
the fact that the stated target for intra-Islamic trade of 20 per cent
of the total trade of OIC countries has been achieved. (source)
