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International Islamic Trade Finance Corporation (ITFC)

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    • Agreements Signed on the Fourth Day of the 2023 Islamic Development Bank Group (IsDB) Annual Meetings in Jeddah
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) Signs Seven Agreements Totaling US$ 1.2 Billion With Burkina Faso, Cote d’Ivoire, Nigeria, and Partner Banks

Agreements Signed on the Fourth Day of the 2023 Islamic Development Bank Group (IsDB) Annual Meetings in Jeddah

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), has signed seven major agreements with Azerbaijan, Burkina Faso, Cote d’Ivoire, Nigeria, and Uzbekistan on the last day of the 2023 Islamic Development Bank Group (IsDB) Annual Meetings in Jeddah. The agreements emphasize…

International Islamic Trade Finance Corporation (ITFC)

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    • Joint African Continental Free Trade Area Implementation Support Project Announces Progress Update
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Source: International Islamic Trade Finance Corporation (ITFC) |

Joint African Continental Free Trade Area Implementation Support Project Announces Progress Update

Project Activities Strengthened Agreement Implementation in Burkina Faso, Guinea, Niger, Senegal, and Togo

The African Continental Free Trade Area Implementation Support Project, a joint project established and funded by the United Nations Economic Commission for Africa (ECA), the Enhanced Integrated Framework (EIF), Islamic Development Bank (IsDB), the International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org) and the Trade Development Fund (TDFD), today announced a number of…

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

International Islamic Trade Finance Corporation (ITFC) Extends €20 Million to Burkina Faso’s Coris Bank International as Part of ITFC’s Flagship West Africa SME Development Program

This Murabaha financing agreement is aimed at improving access to trade lines of finance for the private sector of Burkina Faso

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IDB) Group, continues its ongoing commitment to strengthen private sector development in Burkina Faso through its latest Murabaha financing agreement with Coris Bank International (CBI). The Euro 20 million agreement is part of the West…

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

International Islamic Trade Finance Corporation (ITFC) conducts first transaction with partners on Bolero trade finance platform

The transaction concerned a cotton shipment originating from Burkina Faso, shipped by CMA CGM Group from the Port of Lomé in Togo

A Cash Against Documents transaction orchestrated by Saudi-based ITFC (www.ITFC-IDB.org) was successfully completed between SOFITEX (www.SOFITEX.bf) and Louis Dreyfus Company (LDC) (www.LDC.com), using an electronic bill of lading issued by the CMA CGM Group (www.CMA-CGM.com), a world leader in shipping and logistics, through Bolero’s (www.Bolero.net) digital trade finance platform for…

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

The International Islamic Trade Finance Corporation Launches Four-Part Documentary Series on West African Cotton Sector

Documentary to air on CNBC Africa and Afrique Media TV this November

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, will be releasing a series of four short documentaries on its extensive cotton sector trade finance and development interventions in West Africa. Called the White Gold Series, the documentary will air on CNBC Africa…

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) |

IsDB and ITFC, under the Reverse Linkage and Arab Africa Trade Bridges Program, Launch E-Learning and Knowledge Sharing Platform for COVID-19 Medical Preparedness and Response in African Countries

The initiative aims firstly to build the capacities of medical staff in African countries on their COVID-19 response protocols and approaches

As part of the crisis response actions to strengthen the capacities of member countries to withstand the socio-economic impact of the COVID-19 pandemic, the Islamic Development Bank (IsDB) and the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), in coordination with their partners, the Moroccan Society of Anesthesia, Analgesia and Resuscitation…

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

International Islamic Trade Finance Corporation (ITFC) announces major trade initiatives at 2018 Rebranding Africa Forum

The first announcement was for a US$1.5 Billion Framework Agreement between the Government of Burkina Faso and International Islamic Trade Finance Corporation (ITFC)

ITFC (www.ITFC-IDB.org) signs US$ 1.5 billion Framework Agreement with the Government of Burkina Faso; West Africa SMEs Program launched to aid financial access for SMEs. ITFC Press Material : https://we.tl/t-jPjr2nxOwj The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, has announced several major initiatives during…

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) |

The International Islamic Trade Finance Corporation (ITFC) “The Cotton Bank of Africa” Supports Burkina Faso’s Cotton Sector with a EUR 107 Million Financing

This financing agreement will support the purchase of seed cotton from farmers and cooperatives

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group (www.IsDB.org), signed a EUR 107 Million Murabaha Financing Agreement (CFA franc 70 billion) to finance Burkina Faso 2017/2018 Cotton Season with SOFITEX (the national cotton company) as executing agent. This transaction is in…