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International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Uzbekistan Totaling US$715 Million (1)
    • International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Uzbekistan Totaling US$715 Million (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Uzbekistan Totaling US$715 Million

Agreements signed focus on trade solutions offered for supporting agriculture and food security, and small and medium enterprises (SMEs) in addition to technical assistance

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed several agreements with Uzbekistan, amounting to US$ 715 million, on the sidelines of the Arab Coordination Group meeting, which was held from 4th to 5th March 2024 in Tashkent, Uzbekistan. ITFC…

International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation (ITFC) Supports National Water and Electricity Company (NAWEC) to Enhance its Corporate Governance and Strategic Leadership
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) Supports National Water and Electricity Company (NAWEC) to Enhance its Corporate Governance and Strategic Leadership

Capacity Building Workshops Supported NAWEC’s Sustainable Business Growth Strategies Designed to Contribute to the Socio-economic Development of The Gambia

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB), has conducted a capacity-building training workshop on leadership and change management for the Gambia National Water and Electricity Company (NAWEC). The workshop was conducted within the framework of ITFC’s Integrated Trade Solutions (ITS) under…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) and Asia Alliance Bank Sign US$ 10 Million Line of Trade Financing Agreement to Boost Private Sector and Medium-Sized Enterprises (SME) Support in Uzbekistan
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) and Asia Alliance Bank Sign US$ 10 Million Line of Trade Financing Agreement to Boost Private Sector and Medium-Sized Enterprises (SME) Support in Uzbekistan

The funds will be extended under the Murabaha structure, ensuring adherence to Shariah principles

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group and Asia Alliance Bank have inked an agreement to bolster trade financing for Uzbekistan's private sector, particularly small and medium-sized enterprises (SMEs). Under the agreement, ITFC will provide a Line of Financing of…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Extends US$ 15 million Financing Support to Private Sector in Uzbekistan
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Extends US$ 15 million Financing Support to Private Sector in Uzbekistan

The financing agreement with Aloqabank will contribute to efforts to strengthen the private sector and SMEs in the country

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, has signed a trade financing agreement with Aloqabank, Uzbekistan. The agreement is in line with ITFC’s commitment to support the private sector, especially SMEs in OIC member countries in general and in Uzbekistan…

International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation and the Saudi Export-Import Bank (Saudi EXIM Bank) Sign an Implementation Agreement for a Line of Financing of USD 25 million in favor of Bank Al Habib Limited in Pakistan under the umbrella of “KSA SMEs Export Empowerment Program”
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation and the Saudi Export-Import Bank (Saudi EXIM Bank) Sign an Implementation Agreement for a Line of Financing of USD 25 million in favor of Bank Al Habib Limited in Pakistan under the umbrella of “KSA SMEs Export Empowerment Program”

This collaborative endeavour signifies a crucial step forward in fortifying international trade and elevating the contribution of SMEs to the gross domestic product, aligning with the objectives of the Kingdom’s Vision 2030

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) and the Saudi Export-Import Bank (Saudi EXIM Bank) have signed an Implementation Agreement for a Line of Financing of USD 25 million in favor of Bank Al Habib Limited in the Islamic Republic of Pakistan. This agreement is strategically designed to catalyse…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Tops Bloomberg’s 2023 Global Islamic Syndication Financing League Tables as Leading Bookrunner and Mandated Lead Arranger
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Tops Bloomberg’s 2023 Global Islamic Syndication Financing League Tables as Leading Bookrunner and Mandated Lead Arranger

This highlights ITFC's exceptional global performance throughout 2023, reaffirming its leadership position in the Islamic financing landscape

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB), has solidified its position again on top of the Bloomberg’s 2023 Islamic Syndication Financing League Tables as the Global leader both as Bookrunner and Mandated Lead Arranger (MLA). The Global Islamic Syndication Financing League…

International Islamic Trade Finance Corporation (ITFC)

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    • During Conference of the Parties (COP28) United Nations Industrial Development Organization (UNIDO) and International Islamic Trade Finance Corporation (ITFC) Forge Strategic Partnership for Sustainable Development
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Source: International Islamic Trade Finance Corporation (ITFC) |

During Conference of the Parties (COP28) United Nations Industrial Development Organization (UNIDO) and International Islamic Trade Finance Corporation (ITFC) Forge Strategic Partnership for Sustainable Development

The Joint Declaration signed by both parties underscores the vital role that UNIDO and ITFC play in promoting industrial development and trade development, respectively

Mr. Gerd Müller, Director General of the United Nations Industrial Development Organization (UNIDO), and Eng. Hani Salem Sonbol, Chief Executive Officer of the International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org), have announced a renewed commitment to collaborate to advance the United Nations Sustainable Development Goals (SDGs). The Joint Declaration signed…

International Islamic Trade Finance Corporation (ITFC)

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    • The Arab Africa Trade Bridges Program (AATB) Fosters Trade Development in Africa with the Signing of Two Key Agreements at Intra Africa Trade Fair (IATF) 2023
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Source: International Islamic Trade Finance Corporation (ITFC) |

The Arab Africa Trade Bridges Program (AATB) Fosters Trade Development in Africa with the Signing of Two Key Agreements at Intra Africa Trade Fair (IATF) 2023

Agreements aim to accelerate Economic Growth and Establish a Platform for the Exchange of Knowledge and Capacity-building in Africa

The Arab Africa Trade Bridges Program, a multi-donor, inter-regional program, has signed two agreements aimed at fostering sustainable growth and development on the sidelines of the Intra Africa Trade Fair 2023 in Cairo, Egypt. Eng. Hani Salem Sonbol, the CEO of ITFC, Acting CEO of ICD, and Secretary General of…

International Islamic Trade Finance Corporation (ITFC)

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    • TDB and ITFC Signed an MoU to Promote Trade Between Common Member States in Africa
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Source: International Islamic Trade Finance Corporation (ITFC) |

The Eastern and Southern African Trade and Development Bank (TDB) and the International Islamic Trade Finance Corporation (ITFC) Signed a Memorandum of Understanding (MoU) to Promote Trade Between Common Member States in Africa

This relationship will explore opportunities for technical assistance and capacity building, for private sector and SMEs based in common member states

The Eastern and Southern African Trade and Development Bank (TDB) and the International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, have signed a Memorandum of Understanding (MoU) to strengthen trade between OIC member states and those of TDB, during the World Bank…

International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation (ITFC) Chief Executive Officer (CEO) Honored with the Islamic Finance Personality of the Year Award 2023 by the Global Islamic Finance Awards
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) Chief Executive Officer (CEO) Honored with the Islamic Finance Personality of the Year Award 2023 by the Global Islamic Finance Awards

Award Recognizes ITFC CEO’s Exceptional Contribution to the Promotion of Islamic Finance in Global Finance

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org) is proud to announce that its Chief Executive Officer, Eng. Hani Salem Sonbol has been recognized as the Islamic Finance Personality of the Year Award 2023 by the Global Islamic Finance Award (GIFA). The prestigious award ceremony took place in Dakar, Senegal,…