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International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Strengthens Comoros’ Energy Security and Food Resilience with Innovative Trade Finance Solutions
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Strengthens Comoros’ Energy Security and Food Resilience with Innovative Trade Finance Solutions

The Corporation’s integrated trade finance solutions enhance resilience to external shocks and promote inclusive economic growth and regional cooperation

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, continues to make significant progress in its partnership with the Union of Comoros, delivering impactful trade finance solutions to bolster the country’s energy security, food supply, and economic diversification. With no domestic oil…

International Islamic Trade Finance Corporation (ITFC)

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    • The Arab Africa Trade Bridges (AATB) Program Launches Strategic Wheat Development Initiative in Mauritania with Arab Center for the Studies of Arid Zones and Dry Lands (ACSAD) and International Islamic Trade Finance Corporation (ITFC)
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Source: International Islamic Trade Finance Corporation (ITFC) |

The Arab Africa Trade Bridges (AATB) Program Launches Strategic Wheat Development Initiative in Mauritania with Arab Center for the Studies of Arid Zones and Dry Lands (ACSAD) and International Islamic Trade Finance Corporation (ITFC)

This project will enhance food security through regional cooperation and local wheat seed multiplication

The Arab Africa Trade Bridges (AATB) Program has launched a strategic initiative in Mauritania to develop national capacity for wheat seed multiplication, enhance agricultural productivity, and fortify the wheat value chain. Implemented in partnership with the Arab Center for the Studies of Arid Zones and Dry Lands (ACSAD) and the…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC), Saudi EXIM Bank, and OPEC Fund Sign US$ 100 Million Syndicated Financing to Support Fertilizer Imports for Bangladesh
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC), Saudi EXIM Bank, and OPEC Fund Sign US$ 100 Million Syndicated Financing to Support Fertilizer Imports for Bangladesh

The plan aims to support energy and food security for Bangladesh, providing funding for the supply of critical commodities, including petroleum products, LNG, and fertilizers

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, in partnership with Saudi EXIM Bank and the OPEC Fund for International Development (OPEC Fund), announced the signing of a landmark US$100 million Murabaha Financing Facility in favor of the People’s Republic of…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC)’s 2024 Annual Report Highlights Record Trade Support, Empowering Organisation of Islamic Cooperation (OIC) Economies and Expanding Global Impact
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC)’s 2024 Annual Report Highlights Record Trade Support, Empowering Organisation of Islamic Cooperation (OIC) Economies and Expanding Global Impact

The report also highlights that the Corporation was ranked at the top as Mandated Lead Arranger and Bookrunner in global Islamic syndications by both Refinitiv and Bloomberg, a reflection of its global leadership and strong investor confidence

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, is proud to announce the release of its 2024 Annual Report, titled “Reaching New Frontiers.” The report captures a landmark year showcasing a period of transformative growth, expanded geographic reach, record trade finance…

International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation (ITFC) Signs US$ 20 Million Line of Financing Agreement with Trustbank in Uzbekistan
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) Signs US$ 20 Million Line of Financing Agreement with Trustbank in Uzbekistan

This agreement reinforces ITFC’s commitment to supporting economic development in Uzbekistan by enhancing trade finance accessibility for SMEs and key private sector entities

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org/), a member of the Islamic Development Bank (IsDB) Group, signed a US$20 million Line of Trade Financing Agreement with Trustbank in Uzbekistan under the Murabaha structure. This agreement aims to bolster trade finance accessibility for SMEs, women entrepreneurs, green financing initiatives, and…

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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    • Comoros’ Minister of Finance, Budget, and Banking Sector, and IsDB Governor, H.E. Mr. Mohamed Ibrahim Abdourazak and ITFC’s CEO, Eng. Hani Salem Sonbol (1)
    • Comoros’ Minister of Finance, Budget, and Banking Sector, and IsDB Governor, H.E. Mr. Mohamed Ibrahim Abdourazak and ITFC’s CEO, Eng. Hani Salem Sonbol (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

CORRECTION: The International Islamic Trade Finance Corporation (ITFC) and Union of Comoros Strengthen Partnership with New EUR 330 Million Framework Agreement and Food Security Facility

The new 3-year Framework Agreement builds on the success of the previous EUR 330 million agreement, which achieved 83% of its target

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, and the Union of Comoros have signed a new EUR 330 Million Framework Agreement, reinforcing their strong partnership. The agreement was signed by ITFC’s CEO, Eng. Hani Salem Sonbol, Comoros’ Minister of Finance, Budget,…

International Islamic Trade Finance Corporation (ITFC)

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    • Minister of Finance, Budget and Banking of the Union of Comoros, Mr. Ibrahim Mohamed Abdourazak and Eng. Hani Salem Sonbol, CEO of ITFC (1)
    • Minister of Finance, Budget and Banking of the Union of Comoros, Mr. Ibrahim Mohamed Abdourazak and Eng. Hani Salem Sonbol, CEO of ITFC (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) and Union of Comoros Strengthen Partnership with New EUR 330 Million Framework Agreement and Food Security Facility

The new 3-year Framework Agreement builds on the success of the previous EUR 330 million agreement, which achieved 83% of its target

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, and the Union of Comoros have signed a new EUR 330 Million Framework Agreement, reinforcing their strong partnership. The agreement was signed by ITFC’s CEO, Eng. Hani Salem Sonbol, Comoros’ Minister of Finance, Budget,…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Uzbekistan Totaling US$715 Million (1)
    • International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Uzbekistan Totaling US$715 Million (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Uzbekistan Totaling US$715 Million

Agreements signed focus on trade solutions offered for supporting agriculture and food security, and small and medium enterprises (SMEs) in addition to technical assistance

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed several agreements with Uzbekistan, amounting to US$ 715 million, on the sidelines of the Arab Coordination Group meeting, which was held from 4th to 5th March 2024 in Tashkent, Uzbekistan. ITFC…