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International Islamic Trade Finance Corporation (ITFC)

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    • New Report by KPMG, First Abu Dhabi Bank (FAB) and International Islamic Trade Finance Corporation (ITFC) Identifies Transformational Role Financial Institutions Play in Accelerating Gulf Cooperation Council’s (GCC) Food Security and Climate Goals Globally
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Source: International Islamic Trade Finance Corporation (ITFC) |

New Report by KPMG, First Abu Dhabi Bank (FAB) and International Islamic Trade Finance Corporation (ITFC) Identifies Transformational Role Financial Institutions Play in Accelerating Gulf Cooperation Council’s (GCC) Food Security and Climate Goals Globally

It also highlights supporting technologies that are preserving food system integrity and proposes actionable recommendations for financial institutions to actively contribute to a sustainable future

With the global population set to reach 9.8 billion by 2050, communities and ecosystems are facing enormous resource challenges. A recent report by KPMG Lower Gulf (https://KPMG.com/), First Abu Dhabi Bank (FAB) (https://www.BankFAB.com/), and the International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-idb.org/), titled Harvesting Resilience, Leveraging Finance for Food Security…

International Islamic Trade Finance Corporation (ITFC)

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    • The Arab Africa Trade Bridges Program (AATB) Fosters Trade Development in Africa with the Signing of Two Key Agreements at Intra Africa Trade Fair (IATF) 2023
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Source: International Islamic Trade Finance Corporation (ITFC) |

The Arab Africa Trade Bridges Program (AATB) Fosters Trade Development in Africa with the Signing of Two Key Agreements at Intra Africa Trade Fair (IATF) 2023

Agreements aim to accelerate Economic Growth and Establish a Platform for the Exchange of Knowledge and Capacity-building in Africa

The Arab Africa Trade Bridges Program, a multi-donor, inter-regional program, has signed two agreements aimed at fostering sustainable growth and development on the sidelines of the Intra Africa Trade Fair 2023 in Cairo, Egypt. Eng. Hani Salem Sonbol, the CEO of ITFC, Acting CEO of ICD, and Secretary General of…

International Islamic Trade Finance Corporation (ITFC)

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    • Agreements Signed on the Fourth Day of the 2023 Islamic Development Bank Group (IsDB) Annual Meetings in Jeddah
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) Signs Seven Agreements Totaling US$ 1.2 Billion With Burkina Faso, Cote d’Ivoire, Nigeria, and Partner Banks

Agreements Signed on the Fourth Day of the 2023 Islamic Development Bank Group (IsDB) Annual Meetings in Jeddah

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), has signed seven major agreements with Azerbaijan, Burkina Faso, Cote d’Ivoire, Nigeria, and Uzbekistan on the last day of the 2023 Islamic Development Bank Group (IsDB) Annual Meetings in Jeddah. The agreements emphasize…

International Islamic Trade Finance Corporation (ITFC)

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    • Eng. Hani Salem Sonbol- CEO of ITFC, Chairman of the Board of Directors of the AfTIAS 2.0 Program, and Chairman of the TCC
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Source: International Islamic Trade Finance Corporation (ITFC) |

During the Fourth Meeting of the Technical Coordination Committee Aid for Trade Initiative for Arab States (AfTIAS) 2.0, International Islamic Trade Finance Corporation (ITFC), on behalf of the Program, signs Two Agreements worth US$725,000 to support Egyptian Women in International Trade and promote Trade in the Palestinian Craft Sector

Eng. Hani Salem Sonbol, Chairman of the Board of Directors of AfTIAS 2.0: To date, AfTIAS 2.0 has generated $4.7 million for 17 projects since its launch in October 2021

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), on behalf of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) Program, signed a partnership agreement with the Arab Republic of Egypt to support Egyptian women in international trade in the agro-food industries and handicrafts sectors. A partnership agreement was also…

International Islamic Trade Finance Corporation (ITFC)

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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…

International Islamic Trade Finance Corporation (ITFC)

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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…

International Islamic Trade Finance Corporation (ITFC)

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    • Commonwealth Signs MoU with the International Islamic Trade Finance Corporation
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Source: International Islamic Trade Finance Corporation (ITFC) |

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…

International Islamic Trade Finance Corporation (ITFC)

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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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Source: International Islamic Trade Finance Corporation (ITFC) |

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…

International Islamic Trade Finance Corporation (ITFC)

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    • ITFC Wins Innovation Award for ‘Outstanding Use of Technology – Paperless Initiative’
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Source: International Islamic Trade Finance Corporation (ITFC) |

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…

International Islamic Trade Finance Corporation (ITFC)

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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…