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

International Islamic Trade Finance Corporation (ITFC) and Prime Bank Sign US$15 million Murabaha Financing Facility to support SMEs in Bangladesh

ITFC’s partnership will enable one of Bangladesh’s top tier financial institutions to provide Islamic financing 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$15 million Murabaha Financing Facility in favour of Prime Bank Limited, Bangladesh to facilitate cross-border import transactions of the bank’s private sector businesses, particularly SMEs. Prime Bank and ITFC signed the…

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

International Islamic Trade Finance Corporation (ITFC) announces the launching of the 2nd phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) in June 2021 to Mitigate the Effects of COVID-19 on Trade in the Arab Region

The webinar gathered high level officials and partners, and country representatives, where the discussion evolved around the success of the first phase of AfTIAS Program in 2014 to 2018

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) on behalf of The Islamic Development Bank Group (IsDB), and in coordination with the League of Arab States hosted a high-level webinar themed “The role of the second phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) in mitigating the negative effects…

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

International Islamic Trade Finance Corporation approves US$10 million Line of Trade Finance Facility for Uzbekistan based Private Joint Stock Commercial Bank ‘Orient Finans’

This financing will support private sector and SME development in the wake of COVID-19 pandemic

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$10 million Line of Trade Finance Agreement with PJSCB Orient Finans to support private sector and SME development in Uzbekistan. Commenting on the Line of Trade Finance Facility, Eng. Hani…

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

International Islamic Trade Finance Corporation Signs Murabaha Financing Facility with Eastern Bank Ltd to support SMEs in Bangladesh

ITFC partnership will enable one of Bangladesh’s key financial institutions to reach out and provide financial support to more SMEs

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, has approved a Murabaha Financing Facility in favour of Eastern Bank Limited in Bangladesh to support the Bank’s private sector business, particularly SMEs importing raw materials. Eastern Bank is the latest partner institution to…

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

Hajjar: New project to be designed for enhanced dates sector production chain competitiveness and hence increased exports and jobs

First ever international virtual exhibition for Madinah dates organised under Aid for Trade Initiative for Arab States (AfTIAS)

Under the patronage of HRH Prince Faisal bin Salman bin Abdul Aziz Al Saud, Governor of the Madinah Province, the Madinah Chamber of Commerce and Industry (MCCI), in cooperation with the Islamic Development Bank Group (IsDBG), the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) and the International Trade Centre (ITC), will…

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

Within the Framework of Cooperation between the Arab Republic of Egypt and the International Islamic Trade Finance Corporation: Five Ministers Witness the Signing of ITFC’s 2021 Program Totaling US$ 1.1 Billion Aimed at Providing Integrated Trade Solutions to Egypt

In 2021, collaboration will continue with the aim of providing institutional support and capacity building programs

Minister of Planning and Economic Development: The total financing of ITFC (www.ITFC-IDB.org) reached US$ 11.2 billion, in favor of Egypt until 2020; Minister of Petroleum and Mineral Resources: We appreciate ITFC’s keenness and continuous support to contribute to the vital role of the petroleum sector; Minister of Supply and Internal…

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

The International Islamic Trade Finance Corporation Executes its First Standalone LC Confirmation Transaction

ITFC’s approval supports the timely import of fertilizer for agriculture and agri-food processing industries in Bangladesh while enhancing food security and boosting intra-OIC trade flows

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, has advised and confirmed the first standalone Letter of Credit in favour of Groupe Chimique Tunisien in Tunisia under the recently approved LC Confirmation Facility. The LC which was issued by City Bank Ltd…

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

African Continental Free Trade Area (AfCFTA): Joint, practical efforts needed for Sudan to make the most of its strong points

Intra-African trade is crucial for the economic awakening of the African continent

The ECA Office for North Africa, the Ministry of Industry and Trade of the Republic of the Sudan and the International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-IDB.org) launched on Sunday in Khartoum (Sudan) a Stakeholder dialogue on the African Continental Free Trade Area (AfCFTA). “We need to work together and…

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

International Islamic Trade Finance Corporation launches its Letter of Credit (LC) Confirmation Facility

Under the new LC Confirmation Product, ITFC will be partnering with financial institutions to serve private secotor/Small and medium-sized enterprises (SME) clients trade finance needs

The International Islamic Trade Finance Corporation (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, launched its new standalone LC Confirmation instrument as part of its strategy to expand its private sector interventions. ITFC’s newly developed LCs Confirmation product is open to SMEs in IsDB member countries wherein exporters can…

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

International Islamic Trade Finance Corporation (ITFC) approves US$10 Million line of trade finance for Uzbekistan’s Agrobank

Financing to boost Uzbekistan private sector SME economic activity, imports and pre-export financing needs in the wake of COVID-19

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has approved a Murabaha Financing Facility of US$10 million for the Uzbekistan Joint Stock commercial bank “Agrobank” to support private sector development through the provision of financing for local SMEs in the country.…