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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…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Unveils 2022 Annual Development Effectiveness Report (ADER) Themed ‘Advancing Trade, Improving Lives’
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Unveils 2022 Annual Development Effectiveness Report (ADER) Themed ‘Advancing Trade, Improving Lives’

ITFC delivered on its mandate of advancing trade and improving lives by designing and implementing impact-driven and sector-focused programs

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank Group (IsDB), has officially unveiled the Corporation’s 2022 Annual Development Effectiveness Report (ADER), themed ‘Advancing Trade, Improving Lives.’  This year’s report is fully digital and has been independently verified by means of an external assurance. Demonstrating…

International Islamic Trade Finance Corporation (ITFC)

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    • Prof. Benedict Oramah, President & Chairman of Afreximbank in a handshake with Eng. Hani Sonbol, Secretary General, AATB, after declaring the Food Security Programme by the AATB duly launched
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Source: International Islamic Trade Finance Corporation (ITFC) |

The Arab-Africa Trade Bridges Program Launches Arab-Africa Trade Bridges (AATB) Food Security Program

The Launch Event placed the limelight on Global Food Security Issues and Provided Engagement and Collaboration Opportunities for African and Arab Businesses in the Agricultural & Food Sectors

The Executive Committee of The Arab-Africa Trade Bridges (AATB) Program, a multi-donor, Inter-regional program, launched a US$1.5 billion Food Security Program to address the issues of food insecurity in the Arab and African regions amidst the ongoing global food security crisis. The crisis is a critical challenge facing the world…

International Islamic Trade Finance Corporation (ITFC)

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    • Arab Africa Trade Bridges (AATB) Program Hosts Series of Bilateral Trade Business to Business (B2B) Meetings in Casablanca, Morocco (1)
    • Arab Africa Trade Bridges (AATB) Program Hosts Series of Bilateral Trade Business to Business (B2B) Meetings in Casablanca, Morocco (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

Arab Africa Trade Bridges (AATB) Program Hosts Series of Bilateral Trade Business to Business (B2B) Meetings in Casablanca, Morocco

Meetings highlight AATB’s Commitment to Creating an Enabling Platform for Arab and African Businesses to Collaborate

30th January 2023 – The Arab-Africa Trade Bridges (AATB) Program, a multi-donor, multi-country, and multi-organizations program organized the 3rd Arab African Buyers/Sellers Meeting on Agri-food and Derivative Products in Morocco. The two-day event brought together leading agricultural and food industry professionals from across the Arab and African regions. Emphasizing the…

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…