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International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation Maintains Moody’s Flagship A1 Rating with Stable outlook

The rating is supported by ITFC's ‘Very large capital buffers’, ‘Prudent treasury investment practices and adequate liquidity management policies’ and ‘Very high implicit member support

On October 01, 2020, Moody's Investors Service reaffirmed the rating of A1 with stable outlook assigned to the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank Group (IsDB Group). The rating is supported by ITFC's ‘Very large capital buffers’, ‘Prudent treasury investment practices and…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

The Islamic Development Bank and The International Islamic Trade Finance Corporation hold a webinar on AgriTech & Digital Supply Chain

The webinar explored opportunities for leveraging the digital transformation to drive the global supply chain, trade, and investments in the agricultural sector

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) and the Islamic Development Bank (IsDB) (Agriculture Division) in collaboration with IsDB Group Business Forum (THIQAH) jointly held a live webinar entitled “The Role of AgriTech in Food Security & Sustainability” to discuss sustainable climate-smart agricultural technologies for achieving food and nutrition…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

Consortium of Global Multilateral Development Banks Calls for Measures to Support Trade Continuity in Sub-Saharan Africa

Bankers, interviewed for the Trade Finance ‘Pulse Check’, unanimously call for an urgent switch in the focus of support towards the private sector and smaller enterprises to avoid an insolvency crisis

The Pulse check (https://bit.ly/2FbuKN5) report issued by a consortium of multilateral development banks and trade research institutions, recounts the views of sub-Saharan banks on multi-lateral development banks’ (MDBs) responses to uphold a well-functioning trade finance market. The report, which brings together perspectives & insights from 70 trade finance executives from…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation Signs US$5 million Murabaha Financing Facility to support SMEs in Maldives

ITFC partnership will enable Bank of Maldives, the country’s leading financial institution, to provide financial support to SMEs

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, has approved a US$5 million Murabaha Financing Facility in favour of Bank of Maldives to support the Bank’s private sector businesses, particularly SMEs importing raw materials from the international markets. Bank of Maldives is…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

AFREXIMBANK and International Islamic Trade Finance Corporation (ITFC) Partner with ARSO to Facilitate Intra-African Trade in Pharmaceuticals and Medical Devices, under the Umbrella of the AATB Program

The new initiative aims to harmonise African standards for pharmaceuticals and medical devices thereby enhancing intra-African trade, reducing substandard counterfeit products, and building resilient regional health systems

The African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), have partnered with the African Organisation for Standardisation (ARSO), to launch a new Arab-Africa Trade Bridges Program (AATB) initiative called the Harmonisation of Standards for Pharmaceutical and Medical Devices in Africa, aimed at promoting the quality…

International Islamic Trade Finance Corporation (ITFC)

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    • Eng. Hani Salem Sonbol, CEO ITFC and Mr. Shojiro Mizoguchi, the Managing Director & CEO, Mizuho Bank (Malaysia)
    • Mr. Shojiro Mizoguchi, the Managing Director & CEO, Mizuho Bank(Malaysia), Eng. Hani Salem Sonbol, CEO ITFC, Mr. Hidekatsu Take, MEO Mizuho Ltd, Mr. Tsutomu Yamamoto EO Mizuho Ldt
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation and Mizuho Bank Malaysia Sign US$100 million Trade Financing Deal

This Line of financing for ITFC is the first with a Japanese bank and in line with its strategy of developing partnerships with banks around the world to help extend trade financing to member countries of the Organisation of Islamic Cooperation (OIC)

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, signed a US$100 million Murabaha-structured line of trade finance with Mizuho Bank in Malaysia, a subsidiary of Mizuho Bank Japan. This financing will help ITFC extend its support to the member countries under its…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) and the Islamic Development Bank partner to Boost Institut Pasteur de Dakar’s and a network of African laboratories on COVID-19 Biomedical Research Program through IsDB Reverse Linkage Mechanism

The Institut Pasteur de Dakar is a biomedical research center in Senegal and its influence extends to West Africa and beyond

The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org/)  and the Islamic Development Bank (IsDB), are to support Institut Pasteur de Dakar (IPD) based in Senegal with medical equipment and biomedical research in the fight against COVID-19 across a network of laboratories in several Sub-Saharan African countries. This intervention is facilitated through…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation Extends COVID-19 Response Financing Facility to the Republic of Mauritania

US$10 million ITFC intervention to tackle shortages in emergency laboratory and personal protective equipment in the fight against coronavirus

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-IDB.org), has provided US$10 million financing in favour of the Islamic Republic of Mauritania specifically to procure medicine and equipment to help them in the struggle against COVID-19. Based on the Mauritania Economic Update 2020 (World Bank), the COVID-19 pandemic will have a…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation Signs US$8 Million Trade Finance Agreement with Uzbekistan based ‘Trustbank’

This Line of financing is in line with ITFC’s ‘Recovery Response Program’ (RRP), aimed at mitigating the adverse socio-economic impact of COVID 19 which is expected to last longer than immediate health impact of the virus

The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org/), member of the Islamic Development Bank (IsDB) Group, signed a US$8 million Murabaha-structured line of trade finance with the private joint stock bank, Trustbank in Uzbekistan, to minimize the impact of COVID-19 by supporting the import and pre-export financing needs of SMEs…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance (ITFC) Launches Trade Development Fund (TDFD) to Support Intra-Organisation of Islamic Cooperation (OIC) Trade Initiatives

Initial US$50 million capital will provide grants to design and deliver trade development projects/initiatives

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, has launched a new Trade Development Fund (TDFD) with an initial target capital of US$50 million to support trade development projects in member countries of the Organisation of Islamic Cooperation (OIC) and Muslim communities…