Under the arrangement, ICIEC will provide facultative reinsurance to selected export transactions insured by Takaful Libya. ICIEC’s support will allow Takaful Libya to strengthen its offerings to corporates and financial institutions while reinforcing prudential requirements. ICIEC and Takaful Libya will begin implementing the agreement immediately, with a focus on high-impact export sectors aligned with Libya’s national priorities. For more information, Visit http://ICIEC.IsDB.orgAbout Takaful Insurance Company:Takaful Insurance Company was established in 2007 with an initial capital of ten million Libyan Dinars. In 2012, the company was fully transformed into a Takaful insurance model, thus becoming the first Takaful insurance company in Libya.