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International Islamic Trade Finance Corporation (ITFC)

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    • Eng. Hani Salem Sonbol CEO ITFC
    • ITFC CEO Eng. Hani Salem Sonbol and Afreximbank President and Chairman Dr. Benedict Oramah
    • ITFC CEO Eng. Hani Salem Sonbol and Deputy Minister of Finance of the Kyrgyz Republic Mr. Baigonchokov Mirlanbek Konushbekovich
    • ITFC CEO Eng. Hani Salem Sonbol and H.E. Aa╠âchatou Boulama KanC╠º, Minister of Planning of Niger and IsDB Governor
    • ITFC CEO, Eng Hani Salem Sonbol, and HE. Dr. Boubou Cisse, Minister of Economy & Finance, Mali and IsDB Governor
    • ITFC CEO, Eng. Hani Salem Sonbol and Triqui Zouhair, Secretary General, AMDIE on behalf of Hicham Boudraa, Managing Director, AMDIE
    • ITFC CEO, Eng. Hani Salem Sonbol and Mr. Gillmore Hoefdraad, Minister of Finance of Suriname & IsDB Governor
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation signs Six High-Level Trade Agreements Over UU$1.1BN

Major Framework Agreements and Trade Solutions Initiatives in Q2 for Export Growth and Trade Financing in Member Countries of the Organisation of Islamic Cooperation (OIC)

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-IDB.org/en), member of the Islamic Development Bank (IsDB) Group, has signed six major Trade Financing and Development Agreements worth in excess of US$1.1 Billion with Organisation of Islamic Cooperation (OIC) member countries including the Commonwealth of Independent States (CIS), MENA, South America and…

International Islamic Trade Finance Corporation (ITFC)

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    • (L-R) Eng. Hani Salem Sonbol, CEO ITFC - Dr. Sahar Nasr, Minister of Investment and International Trade - Eng. Tarek El Molla, Minister of Petroleum & Mineral Resources - Eng. Abed Ezz El Regal, Chief Executive Officer EGPC
    • (L-R) (L-R) Eng. Hani Salem Sonbol, CEO ITFC - Dr. Sahar Nasr, Minister of Investment and International Trade - Dr. Aly Meselhy Minister of Supply and Internal Trade - Mr. Ahmed Yousef, Deputy Chairman of the Commodity Supply Authority
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC to Implement U.S. $3 Billion Framework Agreements through two new Financing Agreements to Support Egypt’s Main Sectors

ITFC has signed five framework agreements with the Government of Egypt represented by the Ministry of Investment & International Cooperation totaling U.S. $ 9.2 billion

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) announced the signing of two new Agreements between ITFC & the Government of the Arab Republic of Egypt represented by the Egyptian General Petroleum Corporation (EGPC) and the General Authority for Supply Commodities (GASC) initiating the utilization of the 5th Framework agreement.…

International Islamic Trade Finance Corporation (ITFC)
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Federated Investors, Inc. and International Islamic Trade Finance Corporation to Develop a Trade-Finance Portfolio Focused on Sovereign Energy Sector

The portfolio will be Shari’ah compliant with investments realized through transaction structures that rigorously adhere to Islamic principles

Federated Investors, Inc. (NYSE: FII) (www.FederatedInvestors.com/FII/home.do), one of the largest investment managers in the United States, and the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org/en), member of the Islamic Development Bank (IsDB) Group, announced an agreement to launch a sovereign energy trade-finance portfolio. The ITFC Sovereign Energy Fund (ISEF) will…

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

International Islamic Trade Finance Corporation (ITFC) continues the successful implementation of Arab Africa Trade Bridges (AATB) Program by connecting business communities in Agadir Agreement countries and West Africa

The closing session of the Business Forum had adopted number of recommendations aiming at boosting trade flows between the Agadir Agreement countries and the West African OIC member countries

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank Group (IsDB), concluded the Business Forum of the Agadir Agreement and the West African OIC Member Countries, held in Casablanca, Kingdom of Morocco, on 10-11 May 2018. The forum aims to promote, foster and enhance trade…

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

Moody's assigns first-time issuer rating of A1/P-1 to the International Islamic Trade Finance Corporation, Outlook Stable

The corporation benefits from prudent treasury investment practices and adequate liquidity management policies, and from strong implicit member support

Moody's Investors Service (www.Moodys.com) announced it has assigned a first-time long-term issuer rating of A1 and short-term issuer rating of P-1 to the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank Group (IsDB) (www.IsDB.org). The outlook on the rating is stable, according to Moody's…

International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation (ITFC), and the National Company of Transports and Logistics, SNTL, Morocco, Launch a Study to Bridge the Gap between Morocco and Africa
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC), and the National Company of Transports and Logistics, SNTL, Morocco, Launch a Study to Bridge the Gap between Morocco and Africa

This signing is under the umbrella of the AfTIAS, but is also at the core mandate of the Arab Africa Trade Bridges (AATB) Program, which is created for bridging the trade gaps between the Arab and African countries

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, signed a partnership agreement with the National Company of Transports and Logistics, SNTL, in the Kingdom of Morocco, under the umbrella of the Aid for Trade Initiative for Arab States (AfTIAS), to launch a…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC), and World Trade Organization represented by the Enhanced Integrated Framework (EIF), join forces in Supporting the Least Developed Countries
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    • Under the Aid for Trade Initiative for Arab States (AfTIAS) Program, ITFC and ILO Partner to Support Egypt’s Food and Furniture Industries
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC), and World Trade Organization represented by the Enhanced Integrated Framework (EIF), join forces in Supporting the Least Developed Countries

They aim to provide technical assistance and capacity‑building programmes that can help increase the exports of the LDCs

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, and the World Trade Organization (WTO) (www.WTO.org) represented by the Enhanced Integrated Framework (EIF) (www.EnhancedIF.org), a programme focused on supporting the Least Developed Countries' (LDCs) capacity to trade, signed a Memorandum of Understanding to…

International Islamic Trade Finance Corporation (ITFC)

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    • The signing of these agreements contribute to the diversification of the sectors financed by the International Islamic Trade Finance Corporation (ITFC) in the member countries
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC Provides US$1 Billion of Financing for the Development of Strategic Commodities in Member Countries

The International Islamic Trade Finance Corporation (ITFC) Signs Agreements with Tunisia, Suriname, Mali and The Gambia on the Side-lines of the Islamic Development Bank (IDB) Group’s 42nd Annual Meeting of the Board of Governors

On the side-lines of the Islamic Development (IDB) Group 42nd Annual Meeting of the Board of Governors held in Jeddah recently, the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), member of the Islamic Development Bank (IDB) Group has signed two Murabaha agreements between the Republic of Tunisia represented by the Tunisian…

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

The International Islamic Trade Finance Corporation (ITFC) Signs US$ 450 Million Socioeconomics Development Framework Agreement with the Government of Burkina Faso

ITFC has provided over US$ 770 million since inception in 2008, in favour of Burkina Faso

On the side-lines of the Islamic Development (IDB) Group 42nd Annual Meeting of the Board of Governors held in Jeddah during the period from 14th to 18th of May 2017, the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) has signed a three-years US$ 450 million socioeconomic development framework agreement with…