Etihad Credit Insurance, Dubai Islamic Economy Development Centre Partner to Boost UAE’s Halal Exports
Etihad Credit Insurance (ECI), the UAE’s federal export credit company, has partnered with Dubai Islamic Economy Development Centre (DIEDC) to boost UAE exports through sharia-compliant export credit solutions.
The agreement is in line with the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who pointed out at the third Global Islamic Economy Summit, that the Islamic economy offers a real opportunity to find new ways of managing economic, commercial, and financial growth.
In a Memorandum of Understanding (MoU) signed by Abdulla Mohammed Al Awar, CEO of DIEDC, and Massimo Falcioni, CEO of ECI, the two organisations agreed to form a committee that will implement initiatives aimed at shoring up the UAE’s sharia-compliant exports. The number of members, the structure of the committee and the means of financing, as well as the schedule of meetings, the working mechanism and the decision-making process will be finalised by ECI and DIEDC.