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International Islamic Trade Finance Corporation (ITFC)

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    • Comoros’ Minister of Finance, Budget, and Banking Sector, and IsDB Governor, H.E. Mr. Mohamed Ibrahim Abdourazak and ITFC’s CEO, Eng. Hani Salem Sonbol (1)
    • Comoros’ Minister of Finance, Budget, and Banking Sector, and IsDB Governor, H.E. Mr. Mohamed Ibrahim Abdourazak and ITFC’s CEO, Eng. Hani Salem Sonbol (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

CORRECTION: The International Islamic Trade Finance Corporation (ITFC) and Union of Comoros Strengthen Partnership with New EUR 330 Million Framework Agreement and Food Security Facility

The new 3-year Framework Agreement builds on the success of the previous EUR 330 million agreement, which achieved 83% of its target

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, and the Union of Comoros have signed a new EUR 330 Million Framework Agreement, reinforcing their strong partnership. The agreement was signed by ITFC’s CEO, Eng. Hani Salem Sonbol, Comoros’ Minister of Finance, Budget,…

International Islamic Trade Finance Corporation (ITFC)

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    • Minister of Finance, Budget and Banking of the Union of Comoros, Mr. Ibrahim Mohamed Abdourazak and Eng. Hani Salem Sonbol, CEO of ITFC (1)
    • Minister of Finance, Budget and Banking of the Union of Comoros, Mr. Ibrahim Mohamed Abdourazak and Eng. Hani Salem Sonbol, CEO of ITFC (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) and Union of Comoros Strengthen Partnership with New EUR 330 Million Framework Agreement and Food Security Facility

The new 3-year Framework Agreement builds on the success of the previous EUR 330 million agreement, which achieved 83% of its target

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, and the Union of Comoros have signed a new EUR 330 Million Framework Agreement, reinforcing their strong partnership. The agreement was signed by ITFC’s CEO, Eng. Hani Salem Sonbol, Comoros’ Minister of Finance, Budget,…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Advances Global Economic Integration through Strategic Partnerships at the 49th Islamic Development Bank (IsDB) Group Annual Meetings (1)
    • International Islamic Trade Finance Corporation (ITFC) Advances Global Economic Integration through Strategic Partnerships at the 49th Islamic Development Bank (IsDB) Group Annual Meetings (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Advances Global Economic Integration through Strategic Partnerships at the 49th Islamic Development Bank (IsDB) Group Annual Meetings

Significant Agreements and Strengthened Partnerships Manifest the ITFC Role in Propelling Trade Development and Socio-economic Progress Among OIC Member Countries

During the third day of the 49th IsDB Annual Meetings, the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb), a member of the Islamic Development Bank (IsDB) Group, signed additional agreements and engaged in pivotal partnership discussions with several key OIC member countries and other key stakeholders. The day featured strategic…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Member Countries and Strategic Partners
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Member Countries and Strategic Partners

Agreements Signed on the Sidelines of the 2024 Islamic Development Bank Group (IsDB) Annual Meetings

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, commenced the first day of the 49th IsDB Group Annual Meeting with a series of strategic meetings and important signings. Held at the Intercontinental Hotel, Riyadh, the first day of the annual meetings…

International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation and the Saudi Export-Import Bank (Saudi EXIM Bank) Sign an Implementation Agreement for a Line of Financing of USD 25 million in favor of Bank Al Habib Limited in Pakistan under the umbrella of “KSA SMEs Export Empowerment Program”
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation and the Saudi Export-Import Bank (Saudi EXIM Bank) Sign an Implementation Agreement for a Line of Financing of USD 25 million in favor of Bank Al Habib Limited in Pakistan under the umbrella of “KSA SMEs Export Empowerment Program”

This collaborative endeavour signifies a crucial step forward in fortifying international trade and elevating the contribution of SMEs to the gross domestic product, aligning with the objectives of the Kingdom’s Vision 2030

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) and the Saudi Export-Import Bank (Saudi EXIM Bank) have signed an Implementation Agreement for a Line of Financing of USD 25 million in favor of Bank Al Habib Limited in the Islamic Republic of Pakistan. This agreement is strategically designed to catalyse…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Signs Six Agreements Totaling US$101 Million with Cote d’Ivoire, Egypt, Uzbekistan, and The Kingdom of Saudi Arabia
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Signs Six Agreements Totaling US$101 Million with Cote d’Ivoire, Egypt, Uzbekistan, and The Kingdom of Saudi Arabia

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

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), has signed six major agreements with Cote d’Ivoire, Egypt, Uzbekistan, and Saudi Arabia totaling US$101 million on the second day of the 2023 IsDB Group Annual Meetings, held in Ritz Carlton Hotel, Jeddah,…

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…

International Islamic Trade Finance Corporation (ITFC)

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    • Eng. Hani Salem Sonbol, ITFC CEO announced as Islamic Trade Finance CEO of the Year Saudi Arabia 2021 and Islamic Trade Finance CEO of the Year Middle East at the 2021 Global Banking & Finance Awards®
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Source: International Islamic Trade Finance Corporation (ITFC) |

Eng. Hani Salem Sonbol, ITFC CEO announced as Islamic Trade Finance CEO of the Year Saudi Arabia 2021 and Islamic Trade Finance CEO of the Year Middle East at the 2021 Global Banking & Finance Awards®

The awards recognize the strategic and leading role played by the CEO of ITFC in the ever evolving Saudi and Middle East banking and finance sectors amid the Covid-19 pandemic

The Global Banking & Finance Review has announced ITFC (https://ITFC-idb.org)’s CEO, Eng. Hani Salem Sonbol as the winner of the Islamic Trade Finance CEO of the Year Saudi Arabia and Islamic Trade Finance CEO of the Year Middle East categories at the 2021 edition of the Global Banking & Finance…

International Islamic Trade Finance Corporation (ITFC)

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    • H.E. Eng. Saad Abdulaziz AlKhalb, CEO of the Saudi EXIM Bank, and H.E. Eng. Hani Salem Sonbol, CEO of ITFC
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Source: International Islamic Trade Finance Corporation (ITFC) |

New Saudi EXIM Bank-International Islamic Trade Finance Corporation (ITFC) Framework Agreement to Boost Private Sector and Non-Oil Exports

The agreement aims to strengthen the Saudi EXIM Bank’s leading role in stimulating the private sector, as well as supporting and developing companies engaged in exports in Saudi Arabia

The Saudi Export-Import Bank signed a new framework agreement with the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) to provide financing, insurance and guarantee services to the Bank’s clients. The agreement aims to strengthen the Saudi EXIM Bank’s leading role in stimulating the private sector, as well as supporting and…

International Islamic Trade Finance Corporation (ITFC)

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    • The Aid for Trade Initiative for the Arab States Program contributes to post-COVID-19 Economic Recovery through Inclusive Job Creation
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Source: International Islamic Trade Finance Corporation (ITFC) |

The Aid for Trade Initiative for the Arab States Program contributes to post-COVID-19 Economic Recovery through Inclusive Job Creation

The AfTIAS 2.0 Program was designed by International Islamic Trade Finance Corporation (ITFC) in 2020 in consultation with beneficiary countries

The International Islamic Trade Finance Corporation (www.ITFC-IDB.org) organized a virtual Roundtable with high-level speakers from the Governments of the Kingdom of Saudi Arabia, Arab Republic of Egypt and the Kingdom of Spain, the World Trade Organization, the International Monetary Fund, the International Trade Center, and the United Nations Economic and…