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International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Concludes Islamic Development Bank (IsDB) Group Annual Meetings with Strategic Agreements and Global Engagements
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Concludes Islamic Development Bank (IsDB) Group Annual Meetings with Strategic Agreements and Global Engagements

High-Level Discussions and Financial & Technical Assistance Agreements Highlight ITFC’s Commitment to Enhancing Economic Cooperation Among OIC Member Countries

During the final day of the 49th IsDB Annual Meetings, the International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, held further high-level discussions with member countries including Guinea Conakry and Turkmenistan, and partner banks and financial institutions. The outcomes achieved during the…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Uzbekistan Totaling US$715 Million (1)
    • International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Uzbekistan Totaling US$715 Million (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Uzbekistan Totaling US$715 Million

Agreements signed focus on trade solutions offered for supporting agriculture and food security, and small and medium enterprises (SMEs) in addition to technical assistance

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed several agreements with Uzbekistan, amounting to US$ 715 million, on the sidelines of the Arab Coordination Group meeting, which was held from 4th to 5th March 2024 in Tashkent, Uzbekistan. ITFC…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) and Asia Alliance Bank Sign US$ 10 Million Line of Trade Financing Agreement to Boost Private Sector and Medium-Sized Enterprises (SME) Support in Uzbekistan
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) and Asia Alliance Bank Sign US$ 10 Million Line of Trade Financing Agreement to Boost Private Sector and Medium-Sized Enterprises (SME) Support in Uzbekistan

The funds will be extended under the Murabaha structure, ensuring adherence to Shariah principles

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group and Asia Alliance Bank have inked an agreement to bolster trade financing for Uzbekistan's private sector, particularly small and medium-sized enterprises (SMEs). Under the agreement, ITFC will provide a Line of Financing of…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Extends US$ 15 million Financing Support to Private Sector in Uzbekistan
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Extends US$ 15 million Financing Support to Private Sector in Uzbekistan

The financing agreement with Aloqabank will contribute to efforts to strengthen the private sector and SMEs in the country

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, has signed a trade financing agreement with Aloqabank, Uzbekistan. The agreement is in line with ITFC’s commitment to support the private sector, especially SMEs in OIC member countries in general and in Uzbekistan…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Signs Six Agreements Totaling US$101 Million with Cote d’Ivoire, Egypt, Uzbekistan, and The Kingdom of Saudi Arabia
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Signs Six Agreements Totaling US$101 Million with Cote d’Ivoire, Egypt, Uzbekistan, and The Kingdom of Saudi Arabia

Agreements Signed on the Sidelines of the 2023 Islamic Development Bank Group (IsDB) Annual Meetings in Jeddah

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), has signed six major agreements with Cote d’Ivoire, Egypt, Uzbekistan, and Saudi Arabia totaling US$101 million on the second day of the 2023 IsDB Group Annual Meetings, held in Ritz Carlton Hotel, Jeddah,…

International Islamic Trade Finance Corporation (ITFC)

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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…

International Islamic Trade Finance Corporation (ITFC)

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    • Uzbekistan SMEs to Benefit from US $15 Million Financing Facility from ITFC
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Source: International Islamic Trade Finance Corporation (ITFC) |

Uzbekistan SMEs to Benefit from US $15 Million Financing Facility from ITFC

The financing agreement with Aloqabank aims to meet the growing demand for Sharia Compliant trade finance among the clients of the Bank

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, has signed a trade finance agreement with Aloqabank, Uzbekistan. The US $15 Million facility is the first allocated to Aloqabank as it joins the growing network of the Corporation’s partner banks in Uzbekistan.…

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

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…

International Islamic Trade Finance Corporation (ITFC)

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    • ITFC extends US $15 Million Line of Financing Facility to Uzbek Industrial and Construction Bank
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC extends US $15 Million Line of Financing Facility to Uzbek Industrial and Construction Bank

The financing will cater to the needs of private sector clients of the Bank for Shari’ah Compliant trade solutions

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org),  signed a trade finance agreement with Uzbek Industrial and Construction Bank for a total amount of US $15 Million. This will provide Uzbek Industrial and Construction Bank the needed funding to meet the growing demand for Shari’ah Compliant trade finance of its…

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

International Islamic Trade Finance Corporation approves US$10 million Line of Trade Finance Facility for Uzbekistan based Private Joint Stock Commercial Bank ‘Orient Finans’

This financing will support private sector and SME development in the wake of COVID-19 pandemic

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$10 million Line of Trade Finance Agreement with PJSCB Orient Finans to support private sector and SME development in Uzbekistan. Commenting on the Line of Trade Finance Facility, Eng. Hani…