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    • The Arab-Africa Trade Bridges Program Provides Progress Update on Driving Economic Integration Between the Regions
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The Arab-Africa Trade Bridges Program Provides Progress Update on Driving Economic Integration Between the Regions

Egypt and Tunisia Country Programs Actions Accelerated and Pharmaceutical Harmonization Initiative Created Momentum in Synchronizing Standards

A year-to-date (YTD) progress report on the Program's primary activities and strategic initiatives was released today by the Arab-Africa Trade Bridges Program (AATB Program), a multi-donor, multi-country, and multi-organizations program that aims to promote and increase trade and investment flows between African and Arab OIC Member Countries. With the mandate…

International Islamic Trade Finance Corporation (ITFC)
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The International Islamic Trade Finance Corporation (ITFC) signs its largest Syndicated Murabaha Trade Financing Agreement with State Trading Organization plc (STO), Maldives and MoU with Maldives Industrial Fisheries Company Ltd. (MIFCO)

US$ 189 million Trade Financing to Support Procurement of Petroleum Products, Food, and Medical Supplies and Signing of MoU to Support Trade Related Technical Assistance in the Fishing Industry

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), signed two landmark agreements to support the essential commodities sector in the Republic of Maldives witnessed by H.E. Ibrahim Ameer, Minister of Finance and IsDB Governor, Maldives, during an official visit of Eng.…

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    • Minister of Finance and Banking Sector, Comoros, H.E. Kamalidini Souef & CEO of ITFC, Eng. Hani Salem Sonbol
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ITFC Provides €35 Million in Financing to Support Energy and Food Security in Comoros

Funding to Support the Import of Petroleum products, LPG and Food Commodities

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), approved two new financing facilities for EUR 35 million in favor of the Union of Comoros, with EUR 25 million dedicated to support the import of energy commodities such as petroleum products and LPG, while EUR 10 million will be allocated to…

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    • The Arab Africa Trade Bridges (AATB) Program and Republic of Tunisia Sign the 2022-2023 Country Program
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The Arab Africa Trade Bridges (AATB) Program and Republic of Tunisia Sign the 2022-2023 Country Program

Both sides inked the 2022-2023 Country Program with the aim of developing a cooperation framework between the Republic of Tunisia and the AATB Program

The Republic of Tunisia, represented by H.E Samir Said, Minister of Economy and Planning endorsed the Arab Africa Trade Bridges (AATB) Program through a signing ceremony that took place with Eng. Hani Salem Sonbol, CEO of the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) and Secretary General of the AATB…

International Islamic Trade Finance Corporation (ITFC)
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ITFC extends US$ 15 Million Line of Trade Financing Facility to Invest Finance Bank

The financing agreement with Invest Finance Bank (InFinBank) aims to meet the growing demand for Shari’ah Compliant trade finance solutions

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), signed a trade finance agreement with Invest Finance Bank (InFinBank), Uzbekistan. The US$ 15 million facility, which is the first Trade Finance Facility ITFC extending to Invest Finance Bank (InFinBank), aims to support the import and pre-export financing needs of its clients…

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    • ITFC extends US $15 Million Line of Financing Facility to Uzbek Industrial and Construction Bank
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC extends US $15 Million Line of Financing Facility to Uzbek Industrial and Construction Bank

The financing will cater to the needs of private sector clients of the Bank for Shari’ah Compliant trade solutions

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org),  signed a trade finance agreement with Uzbek Industrial and Construction Bank for a total amount of US $15 Million. This will provide Uzbek Industrial and Construction Bank the needed funding to meet the growing demand for Shari’ah Compliant trade finance of its…

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    • International Islamic Trade Finance Corporation (ITFC) Tops Bloomberg 2021 Global Islamic Financing League Tables as #1 Bookrunner and Mandated Lead Arranger
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International Islamic Trade Finance Corporation (ITFC) Tops Bloomberg 2021 Global Islamic Financing League Tables as #1 Bookrunner and Mandated Lead Arranger

ITFC recorded financing transaction volume of over US$5.23 billion globally, covering market share of 21.2% as Bookrunner and 18.6% as MLA

International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) has emerged on top of the Bloomberg 2021 Islamic Financing League Tables as the Global leader as Bookrunner and Mandated Lead Arranger (MLA). The 2021 Global Islamic Financing League Tables released by Bloomberg showed that ITFC is the top Bookrunner and MLA ahead…

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    • ITFC Signs a US$ 150 Million three-year Framework Agreement with the Government of Turkmenistan
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ITFC Signs a US$ 150 Million three-year Framework Agreement with the Government of Turkmenistan

ITFC remains firmly committed in supporting the socio-economic development of our member countries and this Framework Agreement is a step in that direction

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) signed a Framework Agreement for US$ 150 million with the Government of Turkmenistan. The event took place virtually on 22 December 2021 with Eng. Hani Salem Sonbol, Chief Executive Officer of ITFC and H.E. Mr. Rahimberdi Jepbarov, Chairman of the Board, State…

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    • Roundtable on the Harmonisation of Standards for Pharmaceutical Products and Medical Devices in Africa during IATF 2021 in Durban
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Under the Arab Africa Trade Bridges (AATB) Program, ITFC, Afreximbank, BADEA and ARSO organized a High-level Roundtable on the Harmonisation of Standards for Pharmaceutical Products and Medical Devices in Africa during IATF 2021 in Durban

The week-long event brought together government officials, policy-makers, industry leaders and institutional heads from African countries and other regions to discuss the future of of the African Continental Free Trade Area (AfCFTA), trade, health and post-covid economic recovery

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), the African Export-Import Bank (Afreximbank), Arab Bank for Economic Development in Africa (BADEA) and the African Organization for Harmonization (ARSO), Africa Continental Free Trade Area (AfCFTA) Secretariat,  joined other partners and strategic stakeholders for a strategic roundtable on the Harmonisation of Standards for Pharmaceutical products and…

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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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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…