INDONESIA - FINANCE - PT Indonesia Infrastructure Assurance (PII) and the Islamic Corporation for Insurance of Investments and Export Credits (ICIEC) Handle Signs Memorandum of Understanding

www.iigf.co.id - Manila, 30 April 2012 - PT Indonesia Infrastructure Guarantee Corporation (Limited) / PII and the Islamic Corporation for Insurance of Investments and Export Credits ("ICIEC") has signed a Memorandum of Understanding today in Asia Finance and Risk Mitigation Forum 2012 in Makati City, Philippines.

ICIEC is part of the Islamic Development Bank (IDB) Group, which provides export credit and investment insurance in accordance with Islamic Sharia to the parties that invest in member countries ICIEC or export of these countries.   (source)

INDONESIA - FINANCE - ICIEC and IIGF sign an MOU to support investors in Indonesia

www.cpifinancial.net - The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the Indonesia Infrastructure Guarantee Fund (IIGF) signed a Memorandum of Understanding (MOU) during the 2012 Asia Finance and Risk Mitigation Forum in Makati City, Philippines on 30 April 2012.

Dr. Abdel Rahman El-Tayeb Taha, the Chief Executive Officer of ICIEC and Ms. Sinthya Roesly, Chief Executive Officer of IIGF signed the MOU. The MOU aims at establishing – consistent with their respective operational policies – a lasting relationship between the two entities in furtherance of their desire to co-ordinate their activities and seek mutual cooperation in promoting infrastructure investments into Indonesia. The ICIEC is 67 per cent-owned by the Islamic Development Bank. (source)