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International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation (ITFC) Signs EUR 40 Million Trade Finance Agreement to Strengthen Comoros’ Energy Security
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) Signs EUR 40 Million Trade Finance Agreement to Strengthen Comoros’ Energy Security

The agreement underscores ITFC’s commitment to ensuring a reliable energy supply and fostering economic stability in Comoros

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), the trade finance arm of the Islamic Development Bank (IsDB) Group, signed a EUR 40 million trade finance agreement with the Union of Comoros to support the country’s energy sector. In line with the US$330 million three-year Framework Agreement signed in September…

International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation (ITFC) recognized by Islamic Finance News (IFN) for Outstanding Trade Finance Deals in Egypt and Tajikistan
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) recognized by Islamic Finance News (IFN) for Outstanding Trade Finance Deals in Egypt and Tajikistan

ITFC Strengthens Energy and Food Security in Egypt and Tajikistan

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), the trade finance arm of the Islamic Development Bank (IsDB) Group, announced that two of its trade finance deals have been honored in the prestigious Islamic Finance News (IFN) Deal of the Year Awards for 2024. In Egypt, the ITFC record-breaking US$604 million…

International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation (ITFC) Signs $1.5 Billion Annual Program with Egypt, Expanding Support for Energy, Food Security, Small and Medium Enterprises (SMEs), and Exporters
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) Signs $1.5 Billion Annual Program with Egypt, Expanding Support for Energy, Food Security, Small and Medium Enterprises (SMEs), and Exporters

The initiative is designed to boost Egypt's economic development, support exporters, and create job opportunities for youth and women

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, today announced the signing of its 2025 annual work program with the Arab Republic of Egypt, valued at $1.5 billion. This agreement is part of a five-year framework, totaling $6 billion, aimed at…

International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation (ITFC) and the Government of Bangladesh Sign $2.75 Billion Annual Financing Plan to Ensure Energy and Food Security
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) and the Government of Bangladesh Sign $2.75 Billion Annual Financing Plan to Ensure Energy and Food Security

The financing plan will cover the period from July 2025 to June 2026

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a landmark annual financing plan with the Government of Bangladesh for US$2.75 billion to support the country’s energy and agriculture sectors. The financing plan will facilitate the importation of petroleum products,…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) signs a US$90 million Master Murabaha Agreement in Favor of the Republic of Djibouti
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) signs a US$90 million Master Murabaha Agreement in favor of the Republic of Djibouti

The agreement is part of ITFC’s commitment to contribute to the developmental strides of Djibouti’s economy through its energy industry

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, signed a US$90 Million Master Murabaha Agreement in favor of the Republic of Djibouti, with the International Hydrocarbons Company of Djibouti (SIHD) as the executing agency. The signing took place between HE. Ilyas…

International Islamic Trade Finance Corporation (ITFC)

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    • Signing Ceremony- H.E. Eng Hani Salem Sonbol & H.E. Samir Saied, Minister of Economy & Planning
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Source: International Islamic Trade Finance Corporation (ITFC) |

Islamic International Trade Finance Corporation (ITFC) and the Republic of Tunisia Sign Three Trade Financing Agreements

USD 280 Million Trade Finance Agreements for the benefit of the Tunisian Electricity and Gas Company, the Tunisian Company for Refining Industries, and the Tunisian Chemical Complex

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, has signed three trade financing agreements totaling US$ 280 million in favor of the Republic of Tunisia to support energy security and revitalize the industrial sector, in addition to the agreement to support…

International Islamic Trade Finance Corporation (ITFC)

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    • Eng. Hani Salem Sonbol on Wednesday 26 October in Riyadh, Saudi Arabia
    • PIF (Public Investment Fund) Announced International Islamic Trade Finance Corporation (ITFC) as a Successful Bidder at the Voluntary Carbon Market Initiative Auction during the Future Investment Initiative Conference in Riyadh
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Source: International Islamic Trade Finance Corporation (ITFC) |

PIF (Public Investment Fund) Announced International Islamic Trade Finance Corporation (ITFC) as a Successful Bidder at the Voluntary Carbon Market Initiative Auction during the Future Investment Initiative Conference in Riyadh

The Public Investment Fund (“PIF” or the “Fund”) announced the auction resulted in 1.4 million tons of carbon credits, in the largest-ever carbon credit sale, according to their resources

The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, today was announced as a successful bidder at the Voluntary Carbon Market Initiative Auction on the First day of the 6th Edition of the Future Investment Initiative (“FII”) in Riyadh. The Public Investment…

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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    • 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 releases 2019 Annual Development Effectiveness Report

Report highlights impact of US$ 5.8 Billion financing towards Advancing Trade in Organization of Islamic Cooperation (OIC) Member Countries

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, today released its 2019 Annual Development Effectiveness Report (ADER).  In 2019, ITFC approved US$5.8 billion trade financing, a 12% increase from the previous year, to advance trade in member countries. Of this, US$5 billion…