Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Sharia-compliant reinsurance for gas projects in Egypt

February 04, 2015 Reprints

The Islamic Corp. for the Insurance of Investment & Export Credit, a unit of Saudi Arabia-based Islamic Development Bank, has provided sharia-compliant reinsurance worth $80 million for covering political risk for oil and gas developments in Egypt, Reuters reported.

The transaction covers the Overseas Private Investment Corp. for its insurance policy on U.S.-based Apache Corp.'s exploration projects.

Such credit guarantees are drawing more companies to Islamic capital markets.

Help

Sharia-compliant reinsurance for gas projects in Egypt

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources