Dr. Khalid Khalafalla Appointed as CEO of the Islamic Corporation for the Insurance of Investment and Export Credit

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-compliant multilateral insurer under the Islamic Development Bank (IsDB) Group, has announced the appointment of Dr. Khalid Khalafalla as its new Chief Executive Officer, effective 16 December 2024.

Dr. Khalafalla brings nearly two decades of experience within the IsDB Group, where he has held several key positions. Since May 2024, he has served as ICIEC's Officer-in-Charge, in addition to previously working as Principal Executive Assistant in the IsDB President’s Office and contributing significantly to ICIEC's operations from 2007 to 2017. His appointment marks a new chapter for ICIEC, reinforcing its mission to provide Shariah-compliant insurance solutions and drive sustainable economic growth.

Commenting on his new role, Dr. Khalid Khalafalla said: “I am honored to serve as the Chief Executive Officer of ICIEC. It is a privilege to lead an institution that has a long-standing legacy of supporting sustainable development, facilitating trade and investment, and promoting inclusive growth in its member states. I look forward to working closely with our exceptional team, the Board of Directors, and our valued partners as we continue to advance ICIEC’s mission and amplify its positive impact in global markets.”

The Chairman of the Board of Directors congratulates Dr. Khalafalla on his appointment and extends its full support as he assumes leadership. Under his leadership, ICIEC is poised to strengthen its strategic partnerships, enhance product offerings, and reinforce its position as a global leader in facilitating secure and sustainable trade and investment flows.