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International Islamic Trade Finance Corporation (ITFC)

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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…

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

International Islamic Trade Finance Corporation recognized as Best Islamic Financier at the International Trade Finance Global (TFG) Trade Awards 2020

The winners were selected by an independent steering committee of industry experts from around the world

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has been named ‘Best Islamic Financier’ by the trade finance platform, Trade Finance Global (www.TradeFinanceGlobal.com), in cooperation with BAFT (www.BAFT.org). The international work carried out by banks, financial institutions and technology vendors to…

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

The International Islamic Trade Finance Corporation (ITFC) Signs a EUR 110.5 Million Agreement with SENELEC to Boost Senegal’s Energy Sector

The operation will contribute to secure the supply of petroleum products for electricity generation and power plants in the country

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group (www.IsDB.org), signed a EUR 110.5 Million Murabaha Financing Agreement (CFA Franc 72.5 Billion), in favor of SENELEC (Senegal National Power Company) to enhance the country's power system efficiency. The agreement was signed by Eng.…

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

ITFC Fuels The Gambia’s Energy Sector with a US$ 45 Million Financing

The signing ceremony took place at the conclusion of the IsDB Group Governors’ lunch on the sidelines of the World Bank/IMF meeting held in Washington DC

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, signed a US$ 45 million Murabaha Financing Agreement with the government of The Gambia. H.E Mr. Amadou Sanneh, Minister of Finance and Economic Affairs of The Gambia (Governor of the Islamic Development Bank),…