The Nojoum Aviation Finance Program is the first organized entry of a Multilateral Development Bank in to Aviation Finance aimed at promoting economic development in member countries through commercial aviation infrastructure and optimization of related financing structures.

Nojoum is born from the Islamic Corporation for Insurance of Investment and Export Credit’s vision and mission: to be recognized as the preferred enabler of trade and investment for sustainable economic development in member countries, and to facilitate trade and investment between member countries and the world through sharia compliant risk mitigation tools.

The Nojoum Aviation Finance Program is managed by Blue Swan Capital who’s focus on rebuilding the critical commercial aviation infrastructure in emerging and frontier market economies partnered with ICIEC’s drive to optimize financing in member countries create an innovative offering to member counties.

Moody’s has affirmed ICIEC’s Insurer Financial Strength Rating (IFSR) rating of Aa3 with stable outlook for the 11th consecutive year on July 2nd 2018. Moody’s noted that ICIEC is the only multilateral export credit and investment insurance corporation in the world that provides Shariah-compatible insurance and reinsurance products, and has enhanced regional knowledge.