The profitability of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) was resilient in 2020, with a combined ratio of 43.7% and net income of Islamic Dinar 6.2m ($8.8m) in 2020 which, despite the pressures from the coronavirus pandemic, remained relatively similar to 2019's combined ratio of 39.9% and net income of Islamic Dinar 6.6m, notes Moody's Investor Service.
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