Qatar Development Bank and Italy's SACE ink milestone Shariah-compliant reinsurance agreement

Source: Middle East Insurance Review | Jul 2026

Italy’s government-owned export credit agency, SACE, and Qatar Development Bank (QDB) signed a reciprocal reinsurance agreement in June 2026 to support export credit transactions involving Italian and Qatari suppliers in international markets.

QDB’s participation is structured on a Shariah-compliant basis, in line with Islamic finance principles, making this SACE’s first fully Shariah compliant reinsurance arrangement.

SACE said in a statement, “The agreement marks a further step in strengthening the ties between Italy and Qatar and reflects the shared commitment of SACE and QDB to supporting business growth and promoting cross-border trade through dedicated insurance and risk-sharing solutions.” M

Comment | Print

Name*

Email*

Comment*

Code Verification*

Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.