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    • International Islamic Trade Finance Corporation (ITFC) Wins ‘IFN Sovereign & Multilateral Deal of Year Award’
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Wins ‘IFN Sovereign & Multilateral Deal of Year Award’

ITFC Recognized for Trade Finance Deal Provided to Djibouti’s Energy Sector

The International Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org), announced that Islamic Finance News (IFN), the world’s leading Islamic finance news provider, selected the Corporation’s trade finance deal of US$75 million in support of International Hydrocarbons Company of Djibouti (SIHD) as the IFN Sovereign & Multilateral Deal of the Year 2022. The…

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    • The Arab-Africa Trade Bridges Program Concludes its Business Matching Activity (B2B Event) on Pharmaceutical Products & Medical Devises Industries
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Source: International Islamic Trade Finance Corporation (ITFC) |

The Arab-Africa Trade Bridges Program Concludes its Business Matching Activity (B2B Event) on Pharmaceutical Products & Medical Devises Industries

The B2B Event Provided Engagement Opportunities for Businesses across Africa and Arab Regions to Build Strategic Partnerships Leading into 2023

The Arab-Africa Trade Bridges (AATB) Program, a multi-donor, multi-country, and multi-organizations program in partnership with the Ministry of Economy and Planning of the Republic of Tunisia organized a business matching event on pharmaceutical products and medical devices from the 1st to the 2nd of December 2022 in Tunisia. The organization…

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    • Commonwealth Signs MoU with the International Islamic Trade Finance Corporation
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Commonwealth Signs MoU with the International Islamic Trade Finance Corporation

The virtual signing ceremony was held during a high-level bilateral meeting between the Commonwealth Secretary-General, the Rt Hon Patricia Scotland QC and ITFC CEO, Eng Hani Salem Sonbol

The Commonwealth Secretariat (www.TheCommonwealth.org) and the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) have signed a Memorandum of Understanding (MoU)  to collaborate on key areas of development. Key areas of focus in the MoU include women’s economic empowerment, digital trade and e-commerce, private sector and small and medium enterprises development, climate…

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    • The International Islamic Trade Finance Corporation, Saudi EXIM Bank and General Authority for Small and Medium Enterprises “Monshaat” Sign Memorandum of Understanding for Saudi SME Development Program
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The International Islamic Trade Finance Corporation, Saudi EXIM Bank and General Authority for Small and Medium Enterprises “Monshaat” Sign Memorandum of Understanding for Saudi SME Development Program

The SME program will be designed to increase non-oil exports through trade finance facilities and capacity-building initiatives for enterprises participating in the Program

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), member of the Islamic Development Bank (IsDB) Group, the Saudi Export and Import Bank (Saudi EXIM Bank), and the General Authority for Small and Medium Enterprises (Monshaat) announced the signing of a Tripartite Memorandum of Understanding (MoU) to launch the KSA SME…

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    • ITFC Wins Innovation Award for ‘Outstanding Use of Technology – Paperless Initiative’
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ITFC Wins Innovation Award for ‘Outstanding Use of Technology – Paperless Initiative’

The 2022 Edition of the Middle East & Africa (MEA) Innovation Awards recognized ITFC for its First Cash Against Document Transaction on the Bolero Platform

The International Trade Finance Corporation (ITFC) (www.ITFC-idb.org) was announced as the winner of the ‘Outstanding Use of Technology – Paperless Initiative’ category at the MEA Innovation Awards 2022 held virtually on March 31, 2022.  The award recognized ITFC’s commitment to digitization and the promotion of innovation and paperless transactions in…

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    • Minister of Finance and Banking Sector, Comoros, H.E. Kamalidini Souef & CEO of ITFC, Eng. Hani Salem Sonbol
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC Provides €35 Million in Financing to Support Energy and Food Security in Comoros

Funding to Support the Import of Petroleum products, LPG and Food Commodities

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), approved two new financing facilities for EUR 35 million in favor of the Union of Comoros, with EUR 25 million dedicated to support the import of energy commodities such as petroleum products and LPG, while EUR 10 million will be allocated to…

International Islamic Trade Finance Corporation (ITFC)
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ITFC extends US$ 15 Million Line of Trade Financing Facility to Invest Finance Bank

The financing agreement with Invest Finance Bank (InFinBank) aims to meet the growing demand for Shari’ah Compliant trade finance solutions

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), signed a trade finance agreement with Invest Finance Bank (InFinBank), Uzbekistan. The US$ 15 million facility, which is the first Trade Finance Facility ITFC extending to Invest Finance Bank (InFinBank), aims to support the import and pre-export financing needs of its clients…

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    • ITFC extends US $15 Million Line of Financing Facility to Uzbek Industrial and Construction Bank
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ITFC extends US $15 Million Line of Financing Facility to Uzbek Industrial and Construction Bank

The financing will cater to the needs of private sector clients of the Bank for Shari’ah Compliant trade solutions

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org),  signed a trade finance agreement with Uzbek Industrial and Construction Bank for a total amount of US $15 Million. This will provide Uzbek Industrial and Construction Bank the needed funding to meet the growing demand for Shari’ah Compliant trade finance of its…

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    • Prof. Benedict Oramah, President of Afreximbank and Eng. Hani Salem Sonbol ITFC CEO (1)
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Source: International Islamic Trade Finance Corporation (ITFC) |

Afreximbank and the International Islamic Trade Finance Corporation (ITFC) ratify US$250 million finance facility to Support Africa

The ITFC facility will help advance Afreximbank’s COVID-19 response programme for countries in which both organisations operate

African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org), signed a US$250 million facility to provide funds for the Bank to advance procurement of COVID-19 vaccines and drive a trade-based economic recovery. The agreement was signed between Prof. Benedict Oramah, President of Afreximbank and Eng. Hani Salem…

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    • As part of launching the second phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) Program: US$15.5 million to support economic integration and job creation in Arab countries
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Source: International Islamic Trade Finance Corporation (ITFC) |

As part of launching the second phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) Program: US$15.5 million to support economic integration and job creation in Arab countries

The main objective of AfTIAS 2.0, whose implementation will span over five years, is to improve international trade environment in the Arab region and make it more efficient and inclusive

The International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org) launched today the second phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) Program at the headquarters of the Islamic Development Bank (IsDB) Group in Jeddah, Kingdom of Saudi Arabia. The main objective of AfTIAS 2.0, whose implementation will span…