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International Islamic Trade Finance Corporation (ITFC)

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    • (L-R) Eng. Hani Salem Sonbol, CEO ITFC - Dr. Sahar Nasr, Minister of Investment and International Trade - Eng. Tarek El Molla, Minister of Petroleum & Mineral Resources - Eng. Abed Ezz El Regal, Chief Executive Officer EGPC
    • (L-R) (L-R) Eng. Hani Salem Sonbol, CEO ITFC - Dr. Sahar Nasr, Minister of Investment and International Trade - Dr. Aly Meselhy Minister of Supply and Internal Trade - Mr. Ahmed Yousef, Deputy Chairman of the Commodity Supply Authority
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC to Implement U.S. $3 Billion Framework Agreements through two new Financing Agreements to Support Egypt’s Main Sectors

ITFC has signed five framework agreements with the Government of Egypt represented by the Ministry of Investment & International Cooperation totaling U.S. $ 9.2 billion

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) announced the signing of two new Agreements between ITFC & the Government of the Arab Republic of Egypt represented by the Egyptian General Petroleum Corporation (EGPC) and the General Authority for Supply Commodities (GASC) initiating the utilization of the 5th Framework agreement.…

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

League of Arab States and International Islamic Trade Finance Corporation announce cooperation towards intra-Arab trade

The Memorandum of Understanding (MoU) outlines clear objectives aimed at enhancing trade capacities and improving structures and mechanisms of trade cooperation among Arab countries

The League of Arab States (Economic Affairs Sector) and the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank Group, have signed a Memorandum of Understanding (MoU) towards accelerating cooperation in the development of intra-Arab trade. Signed during the Ministerial meeting of the Economic and…

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

Federated Investors, Inc. and International Islamic Trade Finance Corporation to Develop a Trade-Finance Portfolio Focused on Sovereign Energy Sector

The portfolio will be Shari’ah compliant with investments realized through transaction structures that rigorously adhere to Islamic principles

Federated Investors, Inc. (NYSE: FII) (www.FederatedInvestors.com/FII/home.do), one of the largest investment managers in the United States, and the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org/en), member of the Islamic Development Bank (IsDB) Group, announced an agreement to launch a sovereign energy trade-finance portfolio. The ITFC Sovereign Energy Fund (ISEF) will…

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

ITFC Paves the Road to Innovation in Islamic Trade Financing

A Partnership with CISL to Shape the Future of Innovation Sustainability

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank Group, and the University of Cambridge Institute for Sustainability Leadership (CISL), an academic institution within the University of Cambridge that builds sustainability leadership capacity to tackle critical global challenges, join together in  partnership  for shaping the…

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

With International Islamic Trade Finance Corporation - ITFC’s support and financing facilities, Coris Bank International (CBI) starts its Islamic finance operations in Senegal

Coris Bank International (CBI) has recently launched a range of Islamic financing solutions and products under its Islamic window called “Coris Baraka”

With the full financial support of the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), member of the Islamic Development Bank Group (IsDB), Coris Bank International (CBI), a leading bank in West Africa, headquartered in Burkina Faso, has recently launched a range of Islamic financing solutions and products under its Islamic…

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

International Islamic Trade Finance Corporation (ITFC) continues the successful implementation of Arab Africa Trade Bridges (AATB) Program by connecting business communities in Agadir Agreement countries and West Africa

The closing session of the Business Forum had adopted number of recommendations aiming at boosting trade flows between the Agadir Agreement countries and the West African OIC member countries

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank Group (IsDB), concluded the Business Forum of the Agadir Agreement and the West African OIC Member Countries, held in Casablanca, Kingdom of Morocco, on 10-11 May 2018. The forum aims to promote, foster and enhance trade…

International Islamic Trade Finance Corporation (ITFC)

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    • ITFC Extends Further its Partnership with Banque Centrale Populaire, Morocco’s Bank Groups, to Support Regional Trade Flows between African and Arab Countries Under the AATB Program (1)
    • ITFC Extends Further its Partnership with Banque Centrale Populaire, Morocco’s Bank Groups, to Support Regional Trade Flows between African and Arab Countries Under the AATB Program (2)
    • ITFC Extends Further its Partnership with Banque Centrale Populaire, Morocco’s Bank Groups, to Support Regional Trade Flows between African and Arab Countries Under the AATB Program (3)
    • ITFC Extends Further its Partnership with Banque Centrale Populaire, Morocco’s Bank Groups, to Support Regional Trade Flows between African and Arab Countries Under the AATB Program (4)
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Extends Further its Partnership with Banque Centrale Populaire, Morocco’s Bank Groups, to Support Regional Trade Flows between African and Arab Countries Under the Arab Africa Trade Bridges (AATB) Program

This signing comes as an extension to the first EUR40 Million financing agreement signed in June 2017 with BCP’s Cote d’Ivoire based banking subsidiary, ABI (Banque Atlantique)

Under the umbrella of the Arab Africa Trade Bridges (AATB) Program, the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) extended its partnership further with the Banque Centrale Populaire (BCP) (www.GBP.ma), major financial player in Africa by signing Memorandum of Understanding on the sidelines of the Business Forum of the Agadir…

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

New ITFC Agreement of US$210 Million for key sectors to support economic growth and job creation in The Gambia

The agreement is to support key economic sectors, including energy, through the importation of refined petroleum products, and agriculture

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, signs a US$210 million Framework Agreement with Government of The Gambia for financing over a  3 year period. The signing ceremony took place in Banjul on 16th January 2018,  during the official visit…

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

ITFC, Afreximbank join Efforts to Support African Trade with $100 Million and €50 Million Murabaha Partnership Agreements

On the sidelines of the Afro-Arab Trade Finance Forum

The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, and the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), a multilateral financial institution established by African governments and institutional investors, have signed a US$100-Million agreement and a EUR 50-Million Murabaha agreement with the aim of facilitating and…

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

The International Islamic Trade Finance Corporation (ITFC) Signs a EUR 110.5 Million Agreement with SENELEC to Boost Senegal’s Energy Sector

The operation will contribute to secure the supply of petroleum products for electricity generation and power plants in the country

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group (www.IsDB.org), signed a EUR 110.5 Million Murabaha Financing Agreement (CFA Franc 72.5 Billion), in favor of SENELEC (Senegal National Power Company) to enhance the country's power system efficiency. The agreement was signed by Eng.…