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    • ITFC Signs a EUR 40 million Agreement with SONACOS to Finance 2021/22 Groundnut Season in Senegal
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC Signs a EUR 40 million Agreement with SONACOS to Finance 2021/22 Groundnut Season in Senegal

This is to support the full recovery of the Senegalese economy as agriculture is a vital sector that contributes about 16% to the country’s GDP

The International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org), granted a Euro 40 million financing to Senegal National Groundnut Company (SONACOS). This facility is dedicated to the post-Covid recovery of the Senegalese agriculture sector, the facility is purposed at financing part of the 2021-2022 groundnut campaign. The financing shall cover about…

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

Under the Arab Africa Trade Bridges (AATB) Program, ITFC, Afreximbank, BADEA and ARSO to Organize a High-level Roundtable on the Harmonisation of Standards for Pharmaceutical Products and Medical Devices in Africa on the 17th November 2021

The hybrid roundtable is aimed at discussing and providing update on the Harmonization project and will come off on the sidelines of the Intra-African Trade Fair (IATF) taking place in Durban, South Africa from the 15th to the 21st of November 2021

The International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org), in partnership with the African Export-Import Bank (Afreximbank), Arab Bank for Economic Development in Africa (BADEA) and the African Organization for Harmonization (ARSO) announce the organization of a roundtable on the sidelines of the Intra-African Trade Fair (IATF) on 17th November 2021 at 10:30 – 12.30pm (South Africa…

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    • Prof. Benedict Oramah, President of Afreximbank and Eng. Hani Salem Sonbol ITFC CEO (1)
    • Prof. Benedict Oramah, President of Afreximbank and Eng. Hani Salem Sonbol ITFC CEO (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

Afreximbank and the International Islamic Trade Finance Corporation (ITFC) ratify US$250 million finance facility to Support Africa

The ITFC facility will help advance Afreximbank’s COVID-19 response programme for countries in which both organisations operate

African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org), signed a US$250 million facility to provide funds for the Bank to advance procurement of COVID-19 vaccines and drive a trade-based economic recovery. The agreement was signed between Prof. Benedict Oramah, President of Afreximbank and Eng. Hani Salem…

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    • International Islamic Trade Finance Corporation (ITFC) Signs a Euro 100 million Murabaha Financing Agreement with SENELEC, Dedicated to Support Senegal’s Energy Sector (1)
    • International Islamic Trade Finance Corporation (ITFC) Signs a Euro 100 million Murabaha Financing Agreement with SENELEC, Dedicated to Support Senegal’s Energy Sector (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Signs a Euro 100 million Murabaha Financing Agreement with SENELEC, Dedicated to Support Senegal’s Energy Sector

The company’s strategic mandate is to ensure the production, transmission, and distribution of electricity in Senegal

The International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org) approved a Euro 100 million Murabaha financing to SENELEC (Senegal National Power Company). The company’s strategic mandate is to ensure the production, transmission, and distribution of electricity in Senegal. This approval reflects ITFC’s commitment to supporting the availability and affordability of electricity in…

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    • International Islamic Trade Finance Corporation signs ten high-level trade agreements representing more than US$1.2bn
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation signs ten high-level Trade Agreements representing more than US$1.2bn

Major Framework Agreements and Trade Solution Initiatives signed during the 46th IsDB Annual Meeting in Tashkent, Uzbekistan

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), member of the Islamic Development Bank (IsDB) Group, has signed ten major Trade Financing Agreements worth more than US$1.2 Billion, and Trade Development Agreements with its member countries from Asia and Africa, at the 46th IsDB Annual Meeting of the IsDB Group…

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

International Islamic Trade Finance Corporation (ITFC) and FCI to host Online Conference on Islamic International Factoring

This webinar will focus on factors that will drive socio-economic growth and stability with Islamic finance to support businesses which is integral to global supply chains

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), member of the Islamic Development Bank Group (IsDB) is partnering with FCI to host an online conference on Islamic International Factoring. To be held on the 13th September from 11:00 AM to 01:30 PM KSA Time, the event will explore key topics…

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    • ITFC Brings Together Partners from CIS Region for Successful Partnerships at 2021 IsDB Group AMs in Tashkent
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC Brings Together Partners from CIS Region for Successful Partnerships at 2021 IsDB Group AMs in Tashkent

During the ceremony, ITFC also recognized the efforts of its partners in addition to signing agreements including a financing facility of US$ 15 million

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) organized its first event to bring together partner institutions from the Commonwealth of Independent States (CIS) Region on the sidelines of the 2021 Islamic Development Bank (IsDB) Group Annual Meetings held in the city of Tashkent in Uzbekistan. The event was inaugurated…

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    • International Islamic Trade Finance Corporation Releases 2020 Annual Development Effectiveness Report ‘Embracing disruption to build back better’
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation Releases 2020 Annual Development Effectiveness Report ‘Embracing disruption to build back better’

Report Highlights Impact of US$ 4.7 Billion Trade Financing for OIC Member Countries During COVID-19 Pandemic

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), member of the Islamic Development Bank (IsDB) Group, released today the fifth edition of its Annual Development Effectiveness Report titled ‘Embracing disruption to build back better’, addressing the overwhelming disruptive impact the COVID-19 pandemic has had on the world. The report highlights…

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    • ITFC and SESRIC Launch Report on the Potential Economic Impacts of the AfCFTA on selected OIC Countries
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) and The Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) Launch Report on the Potential Economic Impacts of the AfCFTA on selected OIC Countries

The Report provides a new perspective on selected OIC Countries: Côte d’Ivoire, Egypt, Guinea, Mozambique, Tunisia and Uganda; and highlights importance of creating regional value chains and support smart infrastructure investment projects to improve connectivity

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) and its partner the Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC), today launched a technical report on the potential impacts of the African Continental Free Trade Area (AfCFTA) on selected OIC countries, namely Côte d’Ivoire, Egypt, Guinea, Mozambique,…

Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC’s Signs a Euro 10 Million Murabaha Financing Agreement with Bridge Bank Group, Cote d’Ivoire (BBGCI) to Support Private Sector and SME Funding

Will make the funding available to the Bank’s growing client-base, especially importers operating in sectors such as energy (petroleum), foodstuffs, agribusiness, and construction

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), granted a Euro 10 Million Murabaha financing to Bridge Bank Group, Cote d’Ivoire (BBGCI). The facility represents a significant portion of BBGCI’s remaining 2021 trade financing requirements and enables BBGCI to support the…