About Icelandic transcription
Icelandic (Íslenska) is written in the Latin alphabet and spoken principally in Iceland. Subtitles generated here come back in that script, as ordinary written Icelandic, ready to use in an SRT or VTT file.
Icelandic uses two letters no other living language does — þ and ð — and both are ordinary parts of words rather than decoration, so check your player renders them. It also tends to coin native words where other languages borrow, which means technical vocabulary is less predictable from English.

