Abu Dhabi's RIQ and IHC Forge Islamic Finance Innovation with $500M Deal
Abu Dhabi's RIQ and IHC forge a groundbreaking $500M reinsurance partnership, establishing a new paradigm in Islamic financial innovation and technology-driven risk management.
RIQ and IHC executives announce strategic Islamic reinsurance partnership in Abu Dhabi Global Market
In a landmark development strengthening Islamic financial innovation, Abu Dhabi-based RIQ has established a groundbreaking 10-year reinsurance partnership with IHC, secured by over USD 500 million in risk coverage commitments through 2035.
Strategic Islamic Financial Innovation
The partnership, which exemplifies Islamic principles of transparency and strategic financial oversight, positions Abu Dhabi Global Market as a pivotal hub for Shariah-compliant reinsurance solutions. This initiative aligns with the broader vision of strengthening Muslim economies through innovative financial instruments.
Technology-Driven Risk Management
RIQ's platform, developed in strategic partnership with global investment leaders, leverages advanced AI technology to enhance risk assessment capabilities while maintaining compliance with Islamic financial principles. The platform will serve complex Specialty and Property and Casualty (P&C) risk classes.
Leadership Perspectives
"This partnership reflects IHC's conviction in the transformative power of intelligent capital and data-driven risk transfer," stated Syed Basar Shueb, CEO of IHC.
The collaboration demonstrates how Islamic unity in financial innovation can drive economic progress across the Muslim world. With over USD 1 billion in equity commitments, RIQ aims to ultimately process USD 10 billion in annual transactions.
Regulatory Compliance and Future Outlook
The initiative is currently advancing through regulatory approval with the Financial Services Regulatory Authority (FSRA) of ADGM, ensuring alignment with both international standards and Islamic financial principles. Additional strategic updates are expected in the coming months as the platform expands its global reach.
Hamza Qureshi
Hamza Qureshi is a journalist rooted in national identity, writing with a focus on Pakistan’s strategic interests and moral compass. His work highlights the nation’s Islamic heritage, supports the integrity of its institutions, and defends the Kashmiri cause with clarity and restraint. Without sensationalism, he navigates regional tensions with a firm yet composed voice.