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    • Joint African Continental Free Trade Area Implementation Support Project Announces Progress Update
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Joint African Continental Free Trade Area Implementation Support Project Announces Progress Update

Project Activities Strengthened Agreement Implementation in Burkina Faso, Guinea, Niger, Senegal, and Togo

The African Continental Free Trade Area Implementation Support Project, a joint project established and funded by the United Nations Economic Commission for Africa (ECA), the Enhanced Integrated Framework (EIF), Islamic Development Bank (IsDB), the International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org) and the Trade Development Fund (TDFD), today announced a number of…

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    • The Arab-Africa Trade Bridges Program Provides Progress Update on Driving Economic Integration Between the Regions
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The Arab-Africa Trade Bridges Program Provides Progress Update on Driving Economic Integration Between the Regions

Egypt and Tunisia Country Programs Actions Accelerated and Pharmaceutical Harmonization Initiative Created Momentum in Synchronizing Standards

A year-to-date (YTD) progress report on the Program's primary activities and strategic initiatives was released today by the Arab-Africa Trade Bridges Program (AATB Program), a multi-donor, multi-country, and multi-organizations program that aims to promote and increase trade and investment flows between African and Arab OIC Member Countries. With the mandate…

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    • The International Islamic Trade Finance Corporation Maintains Moody’s Flagship A1 Rating with Stable Outlook
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The International Islamic Trade Finance Corporation Maintains Moody’s Flagship A1 Rating with Stable Outlook

ITFC's transition to a more leveraged balance sheet was accompanied by enhancements to its liquidity risk-management policy in November 2018

Moody's Investors Service issued its Credit Opinion on the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank Group (IsDB), and reaffirmed the rating of A1 with stable outlook. The rating is supported by ITFC's ‘Very large capital buffers’, ‘Robust liquidity, reflecting the self-liquidating nature…

International Islamic Trade Finance Corporation (ITFC)
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The International Islamic Trade Finance Corporation (ITFC) signs its largest Syndicated Murabaha Trade Financing Agreement with State Trading Organization plc (STO), Maldives and MoU with Maldives Industrial Fisheries Company Ltd. (MIFCO)

US$ 189 million Trade Financing to Support Procurement of Petroleum Products, Food, and Medical Supplies and Signing of MoU to Support Trade Related Technical Assistance in the Fishing Industry

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), signed two landmark agreements to support the essential commodities sector in the Republic of Maldives witnessed by H.E. Ibrahim Ameer, Minister of Finance and IsDB Governor, Maldives, during an official visit of Eng.…

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    • Figure of support for the SCOPI-ITFC collaboration program in the MUG Program by the Provincial Government, Regency Government, Private, and local stakeholders. (Ist)
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Source: International Islamic Trade Finance Corporation (ITFC) |

Master Trainer (MT) National Meeting on Sustainable Coffee Practices Organized by The International Islamic Trade Finance Corporation in Collaboration with The Sustainable Coffee Platform of Indonesia (SCOPI)

The Workshop enabled the Training of Extension Officers in Sustainable Coffee Practices in Indonesia

The Sustainable Coffee Platform of Indonesia (SCOPI), in collaboration with The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), has held a Master Trainer (MT) National Meeting. This hybrid activity is the completion of Training of Trainers events held on 4-5 September 2022. The extension officer for sustainable coffee or called…

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    • Training Workshop on Digital Trade Organized by The International Islamic Trade Finance Corporation, the Ministry of Trade of the Republic of Cameroon, and the Commonwealth Secretariat
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Source: International Islamic Trade Finance Corporation (ITFC) |

Training Workshop on Digital Trade Organized by The International Islamic Trade Finance Corporation, the Ministry of Trade of the Republic of Cameroon, and the Commonwealth Secretariat

Capacity Building Workshop Supported Women-owned MSMEs in Cameroon to Increase Digital Trade and e-Commerce/Online Sales

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, in collaboration with the Ministry of Trade of the Republic of Cameroon and the Commonwealth Secretariat, organized a digital boot camp to build the capacity of women-owned MSMEs in the areas of digital…

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    • The International Islamic Trade Finance Corporation Unveils the Annual Development Effectiveness Report (ADER) Titled ‘Towards a Resilient Trade’
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The International Islamic Trade Finance Corporation Unveils the Annual Development Effectiveness Report (ADER) Titled ‘Towards a Resilient Trade’

ITFC’s role is to ensure that the Corporation’s resources are deployed where they have the greatest catalytic role in attracting private capital and addressing market gaps

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), has officially unveiled the Corporation’s Annual Development Effectiveness Report (ADER), titled ‘Towards a Resilient Trade’.  The main themes showcased in the ADER report include the following: Sustaining critical supply chains in member countries,…

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    • Eng. Hani Sonbol & Dr. Seglaro Some (Minister of Economy & Finance Burkina Faso)
    • Eng. Hani Sonbol & Acting Alternat IsDB Governor for Uzbekistan
    • Eng. Hani Sonbol & Mr. Isselmou O. Mohamed M'Bady (Minister of Finance - Mauritania)
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Announces its Financing Agreements Totalling US$7 Billion at the End of the 47th Annual Meetings of the Islamic Development Bank Group in Egypt

The last day of the annual meetings saw the signing of the last 3 strategic agreements for cooperation with the Member Countries

The recently held Annual Meetings of the Islamic Development Bank (IsDB) Group witnessed 12 agreements signed by the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) with total financing of US$7 billion. Four agreements were concluded in favour of the Arab Republic of Egypt and seven agreements with member countries in…

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    • Commonwealth Signs MoU with the International Islamic Trade Finance Corporation
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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…