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International Islamic Trade Finance Corporation (ITFC)

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    • Eng. Hani Salem Sonbol, CEO of ITFC and Riham ElGizy, CEO of RVCMC (1)
    • Eng. Hani Salem Sonbol, CEO of ITFC and Riham ElGizy, CEO of RVCMC (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) and Regional Voluntary Carbon Market Company (RVCMC) Sign Memorandum of Understanding (MOU) for ‘The Blue Carbon Generation Project‘

Agreement Aimed to Assist the Government of Maldives’ Efforts to Achieve Sustainability Goals and to Confront Climate Change Challenges

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, signed a Memorandum of Understanding (MOU) with the Regional Voluntary Carbon Market Company (RVCMC) aimed to assist the Republic of Maldives in achieving its sustainability goals and addressing climate change's impact. The project…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Organizes Workshop on Sovereign Debt Management for Pakistan and Maldives Delegations
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Organizes Workshop on Sovereign Debt Management for Pakistan and Maldives Delegations

The workshop is part of ITFC's broader efforts to support its member countries in their economic development and achieve the United Nations' Sustainable Development Goals (SDGs)

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org) organized a four-day Training Workshop on Sovereign Debt Management from 27 to 30 March 2023 in Jeddah, KSA, which was attended by delegations from the Government of Pakistan and the Government of Maldives. Organized under the ITFC’s Integrated Trade Solutions framework, the…

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

The International Islamic Trade Finance Corporation (ITFC) signs its largest Syndicated Murabaha Trade Financing Agreement with State Trading Organization plc (STO), Maldives and MoU with Maldives Industrial Fisheries Company Ltd. (MIFCO)

US$ 189 million Trade Financing to Support Procurement of Petroleum Products, Food, and Medical Supplies and Signing of MoU to Support Trade Related Technical Assistance in the Fishing Industry

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), signed two landmark agreements to support the essential commodities sector in the Republic of Maldives witnessed by H.E. Ibrahim Ameer, Minister of Finance and IsDB Governor, Maldives, during an official visit of Eng.…

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

International Islamic Trade Finance Corporation Signs US$5 million Murabaha Financing Facility to support SMEs in Maldives

ITFC partnership will enable Bank of Maldives, the country’s leading financial institution, to provide financial support to SMEs

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, has approved a US$5 million Murabaha Financing Facility in favour of Bank of Maldives to support the Bank’s private sector businesses, particularly SMEs importing raw materials from the international markets. Bank of Maldives is…

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…