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

Supply Chain 4.0 – What is next for digital solutions in Agritech? Islamic Development Bank and International Islamic Trade Finance Corporation Discuss Agritech Digital Solutions in 2nd Agritech Webinar

The 2nd in a series of special webinars from IsDB and ITFC explored how 4IR solutions can transform supply chains and boost the flow of agricultural trade across borders

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-IDB.org) and the Islamic Development Bank (IsDB) (Agriculture Division) in collaboration with IsDB Group Business Forum (THIQAH) recently hosted a webinar entitled “Agritech Digital Solutions”, covering how fourth industrial revolution (4IR) innovations can drive sustainable change across agribusiness value chains. With around 45%…

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

International Islamic Trade Finance Corporation (ITFC) to enhance Groundnut Oil Quality Standards and boost Senegalese Export Capabilities

Technical Assistance in favour of SONACOS to boost global value chains, groundnut oil processing standards and Senegalese export capabilities as it seeks to enter new markets

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has approved a Grant Agreement for the Senegalese Groundnut Oil Processing Company, SONACOS, to acquire new laboratory analysis equipment. The Technical Assistance will enable SONACOS to acquire equipment that will specifically enable the…

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

Afreximbank, International Islamic Trade Finance Corporation (ITFC) and Arab Bank For Economic Development in Africa (BADEA) launch Collaborative COVID-19 Pandemic Response Facility (“COPREFA”), US$1.5bn Facility to Support African Resilience and Recovery amid Global Pandemic

COPREFA will be accessed by eligible central banks, commercial banks and businesses to finance the import of medical supplies as well as agricultural equipment

The African Export-Import Bank (Afreximbank) (www.Afreximbank.com), the pan-African multilateral EXIM bank, partners with the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), the Trade Finance Arm of the Islamic Development Bank (IsDB) Group; and the Arab Bank For Economic Development in Africa (BADEA) (www.BADEA.org), to launch a US$1.5-billion Collaborative COVID-19 Pandemic…

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

Arab Bank for Economic Development in Africa (BADEA) and International Islamic Trade Finance Corporation (ITFC) Intensify their Support to the African Countries to Fight COVID-19 Pandemic through the Arab Africa Trade Bridges (AATB) Program

The contribution of BADEA will help finance key initiatives targeting the health and pharmaceutical sectors in Africa

The Arab Bank for Economic Development in Africa (BADEA) intensifies its partnership with the International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-IDB.org) to support African Countries to fight COVID-19 through a joint program under the Arab Africa Trade Bridges (AATB). This took place during a signing ceremony at the Headquarters of…

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

The International Islamic Trade Finance Corporation Maintains Moody’s Flagship A1 Rating with Stable outlook

The rating is supported by ITFC's ‘Very large capital buffers’, ‘Prudent treasury investment practices and adequate liquidity management policies’ and ‘Very high implicit member support

On October 01, 2020, Moody's Investors Service reaffirmed the rating of A1 with stable outlook assigned to the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank Group (IsDB Group). The rating is supported by ITFC's ‘Very large capital buffers’, ‘Prudent treasury investment practices and…

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

The Islamic Development Bank and The International Islamic Trade Finance Corporation hold a webinar on AgriTech & Digital Supply Chain

The webinar explored opportunities for leveraging the digital transformation to drive the global supply chain, trade, and investments in the agricultural sector

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) and the Islamic Development Bank (IsDB) (Agriculture Division) in collaboration with IsDB Group Business Forum (THIQAH) jointly held a live webinar entitled “The Role of AgriTech in Food Security & Sustainability” to discuss sustainable climate-smart agricultural technologies for achieving food and nutrition…

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

Consortium of Global Multilateral Development Banks Calls for Measures to Support Trade Continuity in Sub-Saharan Africa

Bankers, interviewed for the Trade Finance ‘Pulse Check’, unanimously call for an urgent switch in the focus of support towards the private sector and smaller enterprises to avoid an insolvency crisis

The Pulse check (https://bit.ly/2FbuKN5) report issued by a consortium of multilateral development banks and trade research institutions, recounts the views of sub-Saharan banks on multi-lateral development banks’ (MDBs) responses to uphold a well-functioning trade finance market. The report, which brings together perspectives & insights from 70 trade finance executives from…

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

International Islamic Trade Finance Corporation Signs US$5 million Murabaha Financing Facility to support SMEs in Maldives

ITFC partnership will enable Bank of Maldives, the country’s leading financial institution, to provide financial support 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$5 million Murabaha Financing Facility in favour of Bank of Maldives to support the Bank’s private sector businesses, particularly SMEs importing raw materials from the international markets. Bank of Maldives is…

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

AFREXIMBANK and International Islamic Trade Finance Corporation (ITFC) Partner with ARSO to Facilitate Intra-African Trade in Pharmaceuticals and Medical Devices, under the Umbrella of the AATB Program

The new initiative aims to harmonise African standards for pharmaceuticals and medical devices thereby enhancing intra-African trade, reducing substandard counterfeit products, and building resilient regional health systems

The African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), have partnered with the African Organisation for Standardisation (ARSO), to launch a new Arab-Africa Trade Bridges Program (AATB) initiative called the Harmonisation of Standards for Pharmaceutical and Medical Devices in Africa, aimed at promoting the quality…

International Islamic Trade Finance Corporation (ITFC)

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    • Eng. Hani Salem Sonbol, CEO ITFC and Mr. Shojiro Mizoguchi, the Managing Director & CEO, Mizuho Bank (Malaysia)
    • Mr. Shojiro Mizoguchi, the Managing Director & CEO, Mizuho Bank(Malaysia), Eng. Hani Salem Sonbol, CEO ITFC, Mr. Hidekatsu Take, MEO Mizuho Ltd, Mr. Tsutomu Yamamoto EO Mizuho Ldt
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation and Mizuho Bank Malaysia Sign US$100 million Trade Financing Deal

This Line of financing for ITFC is the first with a Japanese bank and in line with its strategy of developing partnerships with banks around the world to help extend trade financing to member countries of the Organisation of Islamic Cooperation (OIC)

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, signed a US$100 million Murabaha-structured line of trade finance with Mizuho Bank in Malaysia, a subsidiary of Mizuho Bank Japan. This financing will help ITFC extend its support to the member countries under its…