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International Islamic Trade Finance Corporation (ITFC)

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    • Eng. Hani Sonbol & Dr. Seglaro Some (Minister of Economy & Finance Burkina Faso)
    • Eng. Hani Sonbol & Acting Alternat IsDB Governor for Uzbekistan
    • Eng. Hani Sonbol & Mr. Isselmou O. Mohamed M'Bady (Minister of Finance - Mauritania)
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Announces its Financing Agreements Totalling US$7 Billion at the End of the 47th Annual Meetings of the Islamic Development Bank Group in Egypt

The last day of the annual meetings saw the signing of the last 3 strategic agreements for cooperation with the Member Countries

The recently held Annual Meetings of the Islamic Development Bank (IsDB) Group witnessed 12 agreements signed by the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) with total financing of US$7 billion. Four agreements were concluded in favour of the Arab Republic of Egypt and seven agreements with member countries in…

International Islamic Trade Finance Corporation (ITFC)

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    • H.E. Oussama Kaissi, CEO of ICIEC, Eng. Hani Salem Sonbol, CEO of ITFC, Dr. Mustafa Madbouli, Prime Minister of Egypt, Her Excellency Dr. Hala Al-Saeed, Minister of Planning and Economic Development, His Excellency, Dr. Mohamed Al-Jasser, President of IsDB Group, Prof. Benedict Oramah, President of Afreximbank, and Her Excellency Nevin Jama, Minister of Trade & Industry
    • H.E. Oussama Kaissi, CEO of ICIEC, Eng. Hani Salem Sonbol, CEO of ITFC, Dr. Mustafa Madbouli, Prime Minister of Egypt, His Excellency, Dr. Mohamed Al-Jasser, President of IsDB Group, Her Excellency Nevin Jama, Minister of Trade & Industry, Her Excellency Dr. Hala Al-Saeed, Minister of Planning and Economic Development, H.E. Dr. Rania Al-Mashat, Minister of International Cooperation
    • Eng. Hani Salem Sonbol, CEO of ITFC, Her Excellency Dr. Hala Al-Saeed, Minister of Planning and Economic Development, Dr. Mustafa Madbouli, Prime Minister of Egypt, His Excellency, Dr. Mohamed Al-Jasser, President of IsDB Group
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation Signs Eight Landmark Agreements for Cooperation with the Public and Private Sectors during the 47th IsDB Group Annual Meeting in Egypt

Agreements were signed in the Presence of ’s Prime Minister Dr. Mustafa Madbouly and a Group of Egyptian Ministers and Leading Private Sector Executives

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), today signed eight strategic agreements to cooperate with the public and private sectors.  Four agreements were signed with various Egyptian Ministries as well as four agreements with Cameroon, Senegal, and Uzbekistan, and the…

International Islamic Trade Finance Corporation (ITFC)

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    • Commonwealth Signs MoU with the International Islamic Trade Finance Corporation
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Source: International Islamic Trade Finance Corporation (ITFC) |

Commonwealth Signs MoU with the International Islamic Trade Finance Corporation

The virtual signing ceremony was held during a high-level bilateral meeting between the Commonwealth Secretary-General, the Rt Hon Patricia Scotland QC and ITFC CEO, Eng Hani Salem Sonbol

The Commonwealth Secretariat (www.TheCommonwealth.org) and the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) have signed a Memorandum of Understanding (MoU)  to collaborate on key areas of development. Key areas of focus in the MoU include women’s economic empowerment, digital trade and e-commerce, private sector and small and medium enterprises development, climate…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Wins Trade Finance Global International ‘Best Islamic Financier of the Year’ Award 2022
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Wins Trade Finance Global International ‘Best Islamic Financier of the Year’ Award 2022

Award Celebrates ITFC’s Outstanding Commitment to Equitable Financing

Trade Finance Global (TFG), the leading trade finance platform, has selected the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank Group, as the ‘Best Islamic Financier of the Year’ 2022. The awards ceremony held in collaboration with the Bankers Association for Finance and Trade…

International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation, Saudi EXIM Bank and General Authority for Small and Medium Enterprises “Monshaat” Sign Memorandum of Understanding for Saudi SME Development Program
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation, Saudi EXIM Bank and General Authority for Small and Medium Enterprises “Monshaat” Sign Memorandum of Understanding for Saudi SME Development Program

The SME program will be designed to increase non-oil exports through trade finance facilities and capacity-building initiatives for enterprises participating in the Program

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), member of the Islamic Development Bank (IsDB) Group, the Saudi Export and Import Bank (Saudi EXIM Bank), and the General Authority for Small and Medium Enterprises (Monshaat) announced the signing of a Tripartite Memorandum of Understanding (MoU) to launch the KSA SME…

International Islamic Trade Finance Corporation (ITFC)

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    • ITFC Wins Innovation Award for ‘Outstanding Use of Technology – Paperless Initiative’
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC Wins Innovation Award for ‘Outstanding Use of Technology – Paperless Initiative’

The 2022 Edition of the Middle East & Africa (MEA) Innovation Awards recognized ITFC for its First Cash Against Document Transaction on the Bolero Platform

The International Trade Finance Corporation (ITFC) (www.ITFC-idb.org) was announced as the winner of the ‘Outstanding Use of Technology – Paperless Initiative’ category at the MEA Innovation Awards 2022 held virtually on March 31, 2022.  The award recognized ITFC’s commitment to digitization and the promotion of innovation and paperless transactions in…

International Islamic Trade Finance Corporation (ITFC)

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    • Minister of Finance and Banking Sector, Comoros, H.E. Kamalidini Souef & CEO of ITFC, Eng. Hani Salem Sonbol
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC Provides €35 Million in Financing to Support Energy and Food Security in Comoros

Funding to Support the Import of Petroleum products, LPG and Food Commodities

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), approved two new financing facilities for EUR 35 million in favor of the Union of Comoros, with EUR 25 million dedicated to support the import of energy commodities such as petroleum products and LPG, while EUR 10 million will be allocated to…

International Islamic Trade Finance Corporation (ITFC)

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    • Arab-Africa Trade Bridges (AATB) Board of Governors Meeting Concludes with Way Forward to Drive Trade and Investment Flows
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Source: International Islamic Trade Finance Corporation (ITFC) |

Arab-Africa Trade Bridges (AATB) Board of Governors Meeting Concludes with Way Forward to Drive Trade and Investment Flows

The landmark event included a round table discussion on the role of the AATB Program in the implementation of the AfCFTA across both regions

The 3rd Annual Board of Governors (BoG) Meeting of the Arab-Africa Trade Bridges (AATB) Program recently held in Cairo, Egypt, chaired by Dr. Hala ElSaid, Minister of Planning and Economic Development, convened all partners, strategic stakeholders, and public and private sector players in the Program to reinforce the role of…

International Islamic Trade Finance Corporation (ITFC)

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    • Uzbekistan SMEs to Benefit from US $15 Million Financing Facility from ITFC
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Source: International Islamic Trade Finance Corporation (ITFC) |

Uzbekistan SMEs to Benefit from US $15 Million Financing Facility from ITFC

The financing agreement with Aloqabank aims to meet the growing demand for Sharia Compliant trade finance among the clients of the Bank

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, has signed a trade finance agreement with Aloqabank, Uzbekistan. The US $15 Million facility is the first allocated to Aloqabank as it joins the growing network of the Corporation’s partner banks in Uzbekistan.…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation Signs US$ 1.2 billion Annual Plan for 2022 in favor of the Islamic Republic of Pakistan
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation Signs US$ 1.2 billion Annual Plan for 2022 in favor of the Islamic Republic of Pakistan

The Annual Plan will provide Integrated Trade Solutions to support Pakistan’s energy and agriculture sectors for sustained economic growth

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) signs the Annual Plan for 2022 in favor of the Government of Pakistan, to provide integrated trade solutions to support the energy and agriculture sectors. The US$ 1.2 billion agreement includes financing the import of essential commodities such as crude oil, refined…