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International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Signs Four Agreements with a total amount of US$ 1.1 billion with Mali, The Gambia, and Djibouti
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Signs Four Agreements with a total amount of US$ 1.1 billion with Mali, The Gambia, and Djibouti

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

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) , a member of the Islamic Development Bank Group (IsDB), has signed four major agreements with Mali, The Gambia, and Djibouti amounting to over US$1.1 Billion on the first day of the 2023 IsDB Group Annual Meetings held in Ritz Carlton Hotel,…

International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation under 2nd Phase of the Aid for Trade Initiative for the Arab States (AFTIAS 2.0) Launches STEP Training to Boost the Capacities of Egyptian Exporters
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation under 2nd Phase of the Aid for Trade Initiative for the Arab States (AFTIAS 2.0) Launches STEP Training to Boost the Capacities of Egyptian Exporters

Eng. Hani Salem Sonbol, CEO of ITFC: The training program aims to promote a thriving entrepreneurial ecosystem to diversify Egypt’s economy, enhance the role of the private sector and strengthen the integration of local SMEs into local and global supply chains

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org), the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), and the Foreign Trade Training Center, part of Egypt’s Ministry of Trade and Industry, launched the STEP 2 training for exporters to boost the capacities of Egyptian entrepreneurs and incorporate their products and…

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

International Islamic Trade Finance Corporation (ITFC) & Islamic Solidarity Fund for Development (ISFD) Ink US$ 150 Million Partnership to Support Least Developed Member Countries (LDMCs)

The initial beneficiaries of this program are Benin, Burkina Faso, The Gambia, Mali, Senegal, Sierra Leone, Togo, Chad, Comoros, Djibouti, Mauritania, and Uganda

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org) and the Islamic Solidarity Fund for Development (ISFD), both members of the Islamic Development Bank (IsDB) Group, have announced the signing of the Trade Finance Support Program for the least developed member countries (LDMCs) affected by the COVID-19 and the food security…

International Islamic Trade Finance Corporation (ITFC)

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    • The Arab-Africa Trade Bridges Program Provides Progress Update on Driving Economic Integration Between the Regions
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Source: International Islamic Trade Finance Corporation (ITFC) |

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

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.…

International Islamic Trade Finance Corporation (ITFC)

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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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Source: International Islamic Trade Finance Corporation (ITFC) |

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…

International Islamic Trade Finance Corporation (ITFC)

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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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Source: International Islamic Trade Finance Corporation (ITFC) |

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

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…

International Islamic Trade Finance Corporation (ITFC)

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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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Source: International Islamic Trade Finance Corporation (ITFC) |

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…