International Islamic Trade Finance Corporation (ITFC) / Press Release

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- Saudi EXIM Bank and The International Islamic Trade Finance Corporation Sign an Implementation Agreement for $5 Million Line of Financing in Favor of Alizz Islamic Bank in Oman
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Source: International Islamic Trade Finance Corporation (ITFC) | Feb 13, 2025

Saudi Export-Import Bank (Saudi EXIM) and The International Islamic Trade Finance Corporation Sign an Implementation Agreement for $5 Million Line of Financing in Favor of Alizz Islamic Bank in Oman

The agreement aims to enhance the access of Saudi non-oil exports to Omani markets, promote export opportunities for the SMEs sector in the Kingdom, and attract Omani importers

Saudi Export-Import Bank (Saudi EXIM) and The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) have signed an Implementation Agreement for $5 million line of financing in favor of Alizz Islamic Bank in the Sultanate of Oman, under the “KSA SMEs Export Empowerment Program”. The agreement aims to enhance the access…

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- The International Islamic Trade Finance Corporation (ITFC) Signs $1.5 Billion Annual Program with Egypt, Expanding Support for Energy, Food Security, Small and Medium Enterprises (SMEs), and Exporters
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Source: International Islamic Trade Finance Corporation (ITFC) | Feb 04, 2025

The International Islamic Trade Finance Corporation (ITFC) Signs $1.5 Billion Annual Program with Egypt, Expanding Support for Energy, Food Security, Small and Medium Enterprises (SMEs), and Exporters

The initiative is designed to boost Egypt's economic development, support exporters, and create job opportunities for youth and women

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, today announced the signing of its 2025 annual work program with the Arab Republic of Egypt, valued at $1.5 billion. This agreement is part of a five-year framework, totaling $6 billion, aimed at…

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- The Aid for Trade Initiative for Arab States (AfTIAS 2.0) Program Expands Regional Trade Initiatives Including Jordan Export Launchpad and Key Projects in Egypt and Algeria to Empower Small and Medium-sized Enterprises (SMEs) and Drive Economic Growth
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Source: International Islamic Trade Finance Corporation (ITFC) | Jan 28, 2025

The Aid for Trade Initiative for Arab States (AfTIAS 2.0) Program Expands Regional Trade Initiatives Including Jordan Export Launchpad and Key Projects in Egypt and Algeria to Empower Small and Medium-sized Enterprises (SMEs) and Drive Economic Growth

The program works in close partnership with key institutions, including the League of Arab States (LAS) and the United Nations Development Program (UNDP)

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) is proud to continue its work on the Aid for Trade Initiative for Arab States (AfTIAS 2.0), a program designed to enhance the trade capacity and competitiveness of Arab states. Building on past achievements, AfTIAS 2.0 is focused on empowering small and…

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- International Islamic Trade Finance Corporation (ITFC) Launches New Environmental and Social Policy to Drive Sustainable Trade
- International Islamic Trade Finance Corporation (ITFC) Launches New Environmental and Social Policy to Drive Sustainable Trade (FR)
- International Islamic Trade Finance Corporation (ITFC) Launches New Environmental and Social Policy to Drive Sustainable Trade (AR)
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Source: International Islamic Trade Finance Corporation (ITFC) | Jan 28, 2025

International Islamic Trade Finance Corporation (ITFC) Launches New Environmental and Social Policy to Drive Sustainable Trade

The policy underscores ITFC's commitment to environmental and social principles in trade finance and trade development addressing climate impact while advancing economic growth

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank Group (IsDB), unveiled its new Environmental and Social (ES) policy. This policy reinforces ITFC's commitment to embedding sustainable practices across its trade finance operations, recognizing the essential role trade finance and trade development can play in…

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- Regional Workshop Series on the African Continental Free Trade Agreement Organized by the International Islamic Trade Finance Corporation, the United Nations Economic Commission for Africa and Enhance Integrated Framework (EIF) of the World Trade Organization (WTO) for Key Economic Stakeholders
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Source: International Islamic Trade Finance Corporation (ITFC) | Dec 04, 2024

Regional Workshop Series on the African Continental Free Trade Agreement Organized by the International Islamic Trade Finance Corporation, the United Nations Economic Commission for Africa and Enhance Integrated Framework (EIF) of the World Trade Organization (WTO) for Key Economic Stakeholders

Workshop Series Targeted Key Actors in the Public and Private Sectors in Benin, Burkina Faso, Guinea, Mauritania, Niger, Senegal and Togo

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, in collaboration with the United Nations Economic Commission for Africa, the Enhanced Integrated Framework (EIF) and governments of Benin, Burkina Faso, Guinea, Mauritania, Niger, Senegal, Togo, organized a series of workshops in the…

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- Meezan Bank Inks Agreement to Join the International Islamic Trade Finance Corporation (ITFC) to Support Private Sector
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Source: International Islamic Trade Finance Corporation (ITFC) | Nov 05, 2024

Meezan Bank Inks Agreement to Join the International Islamic Trade Finance Corporation (ITFC) to Support Private Sector

Meezan Bank is the first bank in Pakistan to partner with ITFC for the LC Confirmation facility

Meezan Bank, Pakistan’s leading Islamic bank is pleased to announce a new strategic partnership with the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, under the ITFC Letter of Credit (LC) Confirmation product. This product facilitates trade flow by allowing exporters and…

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- Alizz Islamic Bank Partners with the International Islamic Trade Finance Corporation to Support the Private sector in Oman
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Source: International Islamic Trade Finance Corporation (ITFC) | Oct 15, 2024

Alizz Islamic Bank Partners with the International Islamic Trade Finance Corporation to Support the Private sector in Oman

The agreement was officially signed by Mr. Ali Al Mani, CEO of Alizz Islamic Bank and Eng. Hani Salem Sonbol, CEO of ITFC in the presence of a number of senior officials from both organisations

Reinforcing its position as one of Oman's most dynamic Islamic Wholesale Banking institutions, Alizz Islamic Bank has recently signed an agreement with the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org). This partnership is set to provide Shari’a compliant financing solutions, further enhancing the bank's commitment to offering innovative and ethical financial…

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- International Islamic Trade Finance Corporation (ITFC) and the Central Bank of Nigeria Successfully Conclude Workshops on Islamic Banking and Trade Finance
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Source: International Islamic Trade Finance Corporation (ITFC) | Oct 07, 2024

International Islamic Trade Finance Corporation (ITFC) and the Central Bank of Nigeria Successfully Conclude Workshops on Islamic Banking and Trade Finance

These workshops form part of ITFC’s Integrated Trade Solutions (ITS) framework, aligning with the organization’s goal of providing holistic trade financing interventions in OIC member countries

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, in partnership with the Central Bank of Nigeria (CBN), successfully concluded a workshop on Non-Interest Banking and Trade Finance in Nigeria. Held from 17th to 19th September 2024 in Abuja, the sessions aimed…

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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) | Sep 26, 2024

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,…

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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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