Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) signs a US$ 250 Million Framework Agreement to support the Development of Key Economic Sectors in the Republic of The Gambia

The agreement aims at boosting trade development across the country’s agriculture, energy, healthcare, and private sectors over a period of five years

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IDB) Group, has signed a new 5-Year Framework Agreement in favour of the Government of The Gambia that target to provide up to US$ 50 million to the country on an annual basis. The agreement,…

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    • Under the Umbrella of the Arab Africa Trade Bridges Program: International Islamic Trade Finance Corporation (ITFC) and Export Development Authority Launch First Training Program for Exporters ‘Entering African Markets’ in Cairo (1)
    • Under the Umbrella of the Arab Africa Trade Bridges Program: International Islamic Trade Finance Corporation (ITFC) and Export Development Authority Launch First Training Program for Exporters ‘Entering African Markets’ in Cairo (2)
    • Under the Umbrella of the Arab Africa Trade Bridges Program: International Islamic Trade Finance Corporation (ITFC) and Export Development Authority Launch First Training Program for Exporters ‘Entering African Markets’ in Cairo (3)
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Source: International Islamic Trade Finance Corporation (ITFC) |

Under the Umbrella of the Arab Africa Trade Bridges Program: International Islamic Trade Finance Corporation (ITFC) and Export Development Authority launch First Training Program for Exporters ‘Entering African Markets’ in Cairo

The program takes place over five days with the participation of representatives of 50 Egyptian companies

Marking a key milestone for Africa’s continental trade system and export-led growth, under the umbrella of Arab Africa Trade Bridges (AATB) Program, the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), in cooperation with the Egyptian Export Development Authority, and under the patronage of Her Excellency Nevin Gamea, Minister of Trade…

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    • Eng. Hani Salem Sonbol, CEO of ITFC and H.E. Alamine Ousmane Mey, Minister of Economy, Planning and Regional Development (IsDB Governor)
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC and the Republic of Cameroon Sign a US$750 Million Three-year Framework Agreement to Support Cameroon’s Key Sectors through Integrated Trade Solutions

A EUR 98 Million Murabaha financing agreement with SODECOTON was also signed to facilitate the purchase of agricultural inputs and cotton seeds

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank Group (IsDB) and the Republic of Cameroon have signed on April 12, 2021 two agreements in a virtual signing ceremony between H.E. Alamine Ousmane Mey, Minister of Economy, Planning and Regional Development (IsDB Governor) and…

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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…

Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) conducts first transaction with partners on Bolero trade finance platform

The transaction concerned a cotton shipment originating from Burkina Faso, shipped by CMA CGM Group from the Port of Lomé in Togo

A Cash Against Documents transaction orchestrated by Saudi-based ITFC (www.ITFC-IDB.org) was successfully completed between SOFITEX (www.SOFITEX.bf) and Louis Dreyfus Company (LDC) (www.LDC.com), using an electronic bill of lading issued by the CMA CGM Group (www.CMA-CGM.com), a world leader in shipping and logistics, through Bolero’s (www.Bolero.net) digital trade finance platform for…

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    • Government of Pakistan and International Islamic Trade Finance Corporation signed Annual Financing Plan amounting to US$ 1.1 Billion (1)
    • Government of Pakistan and International Islamic Trade Finance Corporation signed Annual Financing Plan amounting to US$ 1.1 Billion (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

Government of Pakistan and International Islamic Trade Finance Corporation signed Annual Financing Plan amounting to US$ 1.1 Billion

The financing available through this facility will be utilized for import of crude oil, refined petroleum products and LNG during the year 2021

Makhdum Khusro Bakhtyar, Minister for Economic Affairs witnessed the signing ceremony of International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) Annual Financing Plan 2021 for the Government of Pakistan, amounting to US$ 1.1 billion. The document was signed by Mr. Noor Ahmed, Secretary, Economic Affairs Division and Eng. Hani Salem Sonbol,…

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

Workshop Organised by the International Islamic Trade Finance Corporation and the Central Bank of West African States (BCEAO) Explores Central Bank Digital Currencies (CBDC) and its Impact on Inter-Regional Trade

Key speakers from ConsenSys, Mastercard, R3 and Visa explore how CBDC policy and innovation will support greater financial inclusion, governance, and transparency

In collaboration with the Central Bank of West African States (BCEAO), the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, organized a virtual workshop on the trends and developments in CBDC and its potential impact on driving inter-regional trade between West African…

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

International Islamic Trade Finance Corporation Signs Agreement with The Government of Tunisia to Mobilize US$ 1.5 Billion as part of it Integrated Trade Solutions

ITFC financing will enable Tunisian government-owned companies to facilitate the importation of essential commodities, drive exports and access capacity development programs to strengthen trade efficiencies

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a framework agreement with the Government of Tunisia, represented by the Ministry of Economy, Finance and Investment Support, to increase trade flows and build trade capacity within the Republic. The US…

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

Over 1,000 Financial Stakeholders Participate in the Arab-Africa Trade Bridges Program Investment Pillar Webinar Aimed at Growing Regional Trade Investment and Technology Transfer

Initiative showcased key investment, trade and insurance pillars designed to improve trade between Arab and African countries, targeted at key sectors including agro-food, health, and pharmaceuticals amongst others

Under the umbrella of the Arab-Africa Trade Bridges (AATB) Program, three IsDB Group Private Sector Entities hosted a webinar on key trade finance and investment components aimed at fostering regional trade. The entities included the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), the Islamic Corporation for the Insurance of Investment…

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

International Islamic Trade Finance Corporation (ITFC) and Prime Bank Sign US$15 million Murabaha Financing Facility to support SMEs in Bangladesh

ITFC’s partnership will enable one of Bangladesh’s top tier financial institutions to provide Islamic financing to SMEs

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, has approved a US$15 million Murabaha Financing Facility in favour of Prime Bank Limited, Bangladesh to facilitate cross-border import transactions of the bank’s private sector businesses, particularly SMEs. Prime Bank and ITFC signed the…