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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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    • Panel Discussion on Cotton Traceability and Resilience During COP27 (1)
    • Panel Discussion on Cotton Traceability and Resilience During COP27 (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) and United Nations Industrial Development Organization (UNIDO) Egypt Host a Panel Discussion on Cotton Traceability and Resilience During COP27

Panel Discussion Showcased Economic Potential of Promoting Sustainable Textile and Cotton Sector in Egypt and Sub-Saharan Africa

On the sidelines of the ongoing 27th United Nations Climate Change Conference (COP 27) in Sharm el Sheikh, the International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), organized a joint session with United Nations Industrial Development Organization (UNIDO) Egypt titled ‘Egyptian and…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) partners with United Nations Industrial Development Organization (UNIDO) to support Egypt’s cotton sector and Sudan’s dairy sector
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) partners with United Nations Industrial Development Organization (UNIDO) to support Egypt’s cotton sector and Sudan’s dairy sector

The two institutions will ensure that these sectors remain resilient with increased production, easier access to finance and an enhanced safe operating environment for workers

The International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB) and the United Nations Industrial Development Organization (UNIDO) (www.UNIDO.org) today held a high-level bilateral meeting to highlight two project agreements in a virtual kick-off ceremony with Eng. Hani Salem Sonbol, CEO of ITFC…

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

The International Islamic Trade Finance Corporation Launches Four-Part Documentary Series on West African Cotton Sector

Documentary to air on CNBC Africa and Afrique Media TV this November

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, will be releasing a series of four short documentaries on its extensive cotton sector trade finance and development interventions in West Africa. Called the White Gold Series, the documentary will air on CNBC Africa…

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

International Islamic Trade Finance Corporation recognized as Best Islamic Financier at the International Trade Finance Global (TFG) Trade Awards 2020

The winners were selected by an independent steering committee of industry experts from around the world

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has been named ‘Best Islamic Financier’ by the trade finance platform, Trade Finance Global (www.TradeFinanceGlobal.com), in cooperation with BAFT (www.BAFT.org). The international work carried out by banks, financial institutions and technology vendors to…

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

Euro 100 Million for Supporting Cotton in Cameroon by the International Islamic Trade Finance Corporation (ITFC)

Sodecoton will ensure the distribution of the fertilizers, in addition to buy from farmers their raw cotton and process into cotton fiber for exporting

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IDB) Group (www.IsDB.org), signed a EUR 100 million syndicated agreement with the Government of Cameroon and Sodecoton as the Executing Agency for the export of cotton and the import of agricultural inputs. The Agreement was…

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

The International Islamic Trade Finance Corporation (ITFC) “The Cotton Bank of Africa” Supports Burkina Faso’s Cotton Sector with a EUR 107 Million Financing

This financing agreement will support the purchase of seed cotton from farmers and cooperatives

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group (www.IsDB.org), signed a EUR 107 Million Murabaha Financing Agreement (CFA franc 70 billion) to finance Burkina Faso 2017/2018 Cotton Season with SOFITEX (the national cotton company) as executing agent. This transaction is in…

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

The International Islamic Trade Finance Corporation (ITFC) Signs US$ 450 Million Socioeconomics Development Framework Agreement with the Government of Burkina Faso

ITFC has provided over US$ 770 million since inception in 2008, in favour of Burkina Faso

On the side-lines of the Islamic Development (IDB) Group 42nd Annual Meeting of the Board of Governors held in Jeddah during the period from 14th to 18th of May 2017, the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) has signed a three-years US$ 450 million socioeconomic development framework agreement with…

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

ITFC supports the textile and garment industry through its first African-Asian Cotton B2B meeting in Bangladesh

ITFC furthers its commitment to promoting sustainable intra-trade relationships by organizing its first Cotton B2B meetings between African cotton suppliers and Bangladesh Cotton Importers

In its continuous efforts to promote and foster intra-trade development, the International Islamic Trade Financing Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IDB) Group, organized its first African-Asian Cotton B2B Meeting event as part of its Cotton Development and Partnership Program. The Meeting took place in the Westin…