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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…

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

International Islamic Trade Finance Corporation (ITFC) announces the launching of the 2nd phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) in June 2021 to Mitigate the Effects of COVID-19 on Trade in the Arab Region

The webinar gathered high level officials and partners, and country representatives, where the discussion evolved around the success of the first phase of AfTIAS Program in 2014 to 2018

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) on behalf of The Islamic Development Bank Group (IsDB), and in coordination with the League of Arab States hosted a high-level webinar themed “The role of the second phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) in mitigating the negative effects…

International Islamic Trade Finance Corporation (ITFC)

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    • ITFC CEO Eng. Hani Salem Sonbol alongside Prof Benedict Oramah, President Afreximbank, HE Muhammad Hammad Azhar, Minister for Economic Affairs, Government of Pakistan and H.E. Dr. Bandar Hajjar, President, Islamic Development Bank Group at the ITFC Partners Forum in Jeddah, KSA
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Partners Forum Highlights Immense Strength of Islamic Finance Globally

ITFC was joined by a host of local, regional and international finance institutions alongside official delegates from Pakistan and other member countries

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank Group (IsDB), successfully concluded its Partners Forum 2019: Investing for Impact, which was held on the 5th December in Jeddah, Kingdom of Saudi Arabia. Hosted at the Ritz Carlton Hotel, under the auspices of H.E…

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

ITFC Fuels The Gambia’s Energy Sector with a US$ 45 Million Financing

The signing ceremony took place at the conclusion of the IsDB Group Governors’ lunch on the sidelines of the World Bank/IMF meeting held in Washington DC

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, signed a US$ 45 million Murabaha Financing Agreement with the government of The Gambia. H.E Mr. Amadou Sanneh, Minister of Finance and Economic Affairs of The Gambia (Governor of the Islamic Development Bank),…