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…

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

International Islamic Trade Finance Corporation extends US$100m COVID-19 Emergency Financing for purchasing wheat and sugar in favor of Egypt

ITFC intervention to help finance essential strategic food commodities in light of the impact of COVID-19

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), has signed a US$100 million financing agreement with the General Authority for Supply Commodities (GASC) to cover the Egyptian Government’s essential strategic commodity needs during the outbreak of the new coronavirus (COVID-19). The Approval of the financing, which forms part of the…

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

International Islamic Trade Finance Cooperation provides US$850 million for COVID-19 Emergency Interventions for Organization of Islamic Cooperation (OIC) Member Countries in Most Need

Interim funds to be scaled up through close collaboration with strategic partners to offer trade finance and trade development solutions that meet the direct needs of member countries

Societies and economies are being affected by the unprecedented and unpredictable nature of the COVID-19 pandemic. These include a major shift in global trade routes, changes in consumption and extraordinary levels of monetary easing and stimulus packages at a scale never experienced before. The International Islamic Trade Finance Corporation (ITFC)…

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) |

International Islamic Trade Finance Corporation (ITFC) Ranks 2nd Globally and as well in Europe, Middle East and Africa (EMEA) as Islamic Finance Bookrunner and Mandated Lead Arranger - Bloomberg Syndicated Loans League Tables 2019

The League Tables, showed that the ITFC provided financing worth in excess of US$2 billion as Bookrunner and Mandated Lead Arranger in 2019

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, ranked 2nd Globally and as well in Europe, Middle East and Africa’s (EMEA) Islamic Finance listings of the Bloomberg Syndicated Loans League Tables 2019 for the largest Bookrunner and Mandated Lead Arranger. The League…

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

The International Islamic Trade Finance Corporation (ITFC) and OCP Africa unite for the strategic financing, innovation, and capacity building of agriculture in Africa

ITFC and OCP Africa will jointly introduce a new “OCP School lab” campaign in Senegal in November 2019

The International Islamic Trade Finance Corporation, (ITFC, International Islamic Trade Finance Corporation) (ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, and OCP Africa ) (OCPAfrica.com), a subsidiary of OCP SA, have signed a Memorandum of Understanding (MoU) that will cater towards strategic funding, innovation and capacity building measures…

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

ITFC Paves the Road to Innovation in Islamic Trade Financing

A Partnership with CISL to Shape the Future of Innovation Sustainability

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank Group, and the University of Cambridge Institute for Sustainability Leadership (CISL), an academic institution within the University of Cambridge that builds sustainability leadership capacity to tackle critical global challenges, join together in  partnership  for shaping the…

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

International Islamic Trade Finance Corporation (ITFC) Extends Further its Partnership with Banque Centrale Populaire, Morocco’s Bank Groups, to Support Regional Trade Flows between African and Arab Countries Under the Arab Africa Trade Bridges (AATB) Program

This signing comes as an extension to the first EUR40 Million financing agreement signed in June 2017 with BCP’s Cote d’Ivoire based banking subsidiary, ABI (Banque Atlantique)

Under the umbrella of the Arab Africa Trade Bridges (AATB) Program, the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) extended its partnership further with the Banque Centrale Populaire (BCP) (www.GBP.ma), major financial player in Africa by signing Memorandum of Understanding on the sidelines of the Business Forum of the Agadir…

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

ITFC, Afreximbank join Efforts to Support African Trade with $100 Million and €50 Million Murabaha Partnership Agreements

On the sidelines of the Afro-Arab Trade Finance Forum

The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, and the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), a multilateral financial institution established by African governments and institutional investors, have signed a US$100-Million agreement and a EUR 50-Million Murabaha agreement with the aim of facilitating and…