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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…

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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…

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    • Arab-Africa Trade Bridges (AATB) Board of Governors Meeting Concludes with Way Forward to Drive Trade and Investment Flows
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Source: International Islamic Trade Finance Corporation (ITFC) |

Arab-Africa Trade Bridges (AATB) Board of Governors Meeting Concludes with Way Forward to Drive Trade and Investment Flows

The landmark event included a round table discussion on the role of the AATB Program in the implementation of the AfCFTA across both regions

The 3rd Annual Board of Governors (BoG) Meeting of the Arab-Africa Trade Bridges (AATB) Program recently held in Cairo, Egypt, chaired by Dr. Hala ElSaid, Minister of Planning and Economic Development, convened all partners, strategic stakeholders, and public and private sector players in the Program to reinforce the role of…

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    • International Islamic Trade Finance Corporation Signs US$ 1.2 billion Annual Plan for 2022 in favor of the Islamic Republic of Pakistan
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation Signs US$ 1.2 billion Annual Plan for 2022 in favor of the Islamic Republic of Pakistan

The Annual Plan will provide Integrated Trade Solutions to support Pakistan’s energy and agriculture sectors for sustained economic growth

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) signs the Annual Plan for 2022 in favor of the Government of Pakistan, to provide integrated trade solutions to support the energy and agriculture sectors. The US$ 1.2 billion agreement includes financing the import of essential commodities such as crude oil, refined…

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    • The Arab Africa Trade Bridges (AATB) Program and Republic of Tunisia Sign the 2022-2023 Country Program
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Source: International Islamic Trade Finance Corporation (ITFC) |

The Arab Africa Trade Bridges (AATB) Program and Republic of Tunisia Sign the 2022-2023 Country Program

Both sides inked the 2022-2023 Country Program with the aim of developing a cooperation framework between the Republic of Tunisia and the AATB Program

The Republic of Tunisia, represented by H.E Samir Said, Minister of Economy and Planning endorsed the Arab Africa Trade Bridges (AATB) Program through a signing ceremony that took place with Eng. Hani Salem Sonbol, CEO of the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) and Secretary General of the AATB…

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ITFC extends US$ 15 Million Line of Trade Financing Facility to Invest Finance Bank

The financing agreement with Invest Finance Bank (InFinBank) aims to meet the growing demand for Shari’ah Compliant trade finance solutions

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), signed a trade finance agreement with Invest Finance Bank (InFinBank), Uzbekistan. The US$ 15 million facility, which is the first Trade Finance Facility ITFC extending to Invest Finance Bank (InFinBank), aims to support the import and pre-export financing needs of its clients…

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    • International Islamic Trade Finance Corporation (ITFC) Tops Bloomberg 2021 Global Islamic Financing League Tables as #1 Bookrunner and Mandated Lead Arranger
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Tops Bloomberg 2021 Global Islamic Financing League Tables as #1 Bookrunner and Mandated Lead Arranger

ITFC recorded financing transaction volume of over US$5.23 billion globally, covering market share of 21.2% as Bookrunner and 18.6% as MLA

International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) has emerged on top of the Bloomberg 2021 Islamic Financing League Tables as the Global leader as Bookrunner and Mandated Lead Arranger (MLA). The 2021 Global Islamic Financing League Tables released by Bloomberg showed that ITFC is the top Bookrunner and MLA ahead…

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    • ITFC Signs a US$ 150 Million three-year Framework Agreement with the Government of Turkmenistan
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ITFC Signs a US$ 150 Million three-year Framework Agreement with the Government of Turkmenistan

ITFC remains firmly committed in supporting the socio-economic development of our member countries and this Framework Agreement is a step in that direction

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) signed a Framework Agreement for US$ 150 million with the Government of Turkmenistan. The event took place virtually on 22 December 2021 with Eng. Hani Salem Sonbol, Chief Executive Officer of ITFC and H.E. Mr. Rahimberdi Jepbarov, Chairman of the Board, State…

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    • The International Islamic Trade Finance Corporation Launches Four-Part Documentary Series on Senegal’s Groundnut Sector
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The International Islamic Trade Finance Corporation Launches Four-Part Documentary Series on Senegal’s Groundnut Sector

Documentary to air on Africanews and Afrique Media TV this December

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) will be releasing a series of four (4) short documentaries that showcase the depth of ITFC’s interventions in the Groundnut sector in Senegal. Called The ITFC Groundnut Project: Full Cycle, the documentary will air on Africanews from 16th to 31st December 2021…

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    • During the Last Edition of IATF in Durban, South Africa, The International Islamic Trade Finance Corporation (ITFC) Organized Two Side Events, Under the AATB Program, to Share its Vision and Programs Aiming to Accelerate Trade Across the African Continent
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Source: International Islamic Trade Finance Corporation (ITFC) |

During the Last Edition of IATF in Durban, South Africa, The International Islamic Trade Finance Corporation (ITFC) Organized Two Side Events, Under the AATB Program, to Share its Vision and Programs Aiming to Accelerate Trade Across the African Continent

The week-long event saw the attendance of a diverse audience including government officials, policy-makers, industry leaders and institutional heads from African countries and other regions to discuss trade, the creative industry, Africa’s post-covid economic recovery and the contient’s position on global trade in the perspective of the African Continental Free Trade Area (AfCFTA)

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) joined partners, involved parties in the Arab-Africa Trade Bridges (AATB) Program, strategic stakeholders and public and private sector players for the 2021 edition of the Intra-African Trade Fair (IATF) that took place in the city of Durban in South Africa. The ITFC…