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International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation signs ten high-level trade agreements representing more than US$1.2bn
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation signs ten high-level Trade Agreements representing more than US$1.2bn

Major Framework Agreements and Trade Solution Initiatives signed during the 46th IsDB Annual Meeting in Tashkent, Uzbekistan

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), member of the Islamic Development Bank (IsDB) Group, has signed ten major Trade Financing Agreements worth more than US$1.2 Billion, and Trade Development Agreements with its member countries from Asia and Africa, at the 46th IsDB Annual Meeting of the IsDB Group…

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

International Islamic Trade Finance Corporation (ITFC) and FCI to host Online Conference on Islamic International Factoring

This webinar will focus on factors that will drive socio-economic growth and stability with Islamic finance to support businesses which is integral to global supply chains

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), member of the Islamic Development Bank Group (IsDB) is partnering with FCI to host an online conference on Islamic International Factoring. To be held on the 13th September from 11:00 AM to 01:30 PM KSA Time, the event will explore key topics…

International Islamic Trade Finance Corporation (ITFC)

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    • ITFC Brings Together Partners from CIS Region for Successful Partnerships at 2021 IsDB Group AMs in Tashkent
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC Brings Together Partners from CIS Region for Successful Partnerships at 2021 IsDB Group AMs in Tashkent

During the ceremony, ITFC also recognized the efforts of its partners in addition to signing agreements including a financing facility of US$ 15 million

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) organized its first event to bring together partner institutions from the Commonwealth of Independent States (CIS) Region on the sidelines of the 2021 Islamic Development Bank (IsDB) Group Annual Meetings held in the city of Tashkent in Uzbekistan. The event was inaugurated…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation Releases 2020 Annual Development Effectiveness Report ‘Embracing disruption to build back better’
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation Releases 2020 Annual Development Effectiveness Report ‘Embracing disruption to build back better’

Report Highlights Impact of US$ 4.7 Billion Trade Financing for OIC Member Countries During COVID-19 Pandemic

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), member of the Islamic Development Bank (IsDB) Group, released today the fifth edition of its Annual Development Effectiveness Report titled ‘Embracing disruption to build back better’, addressing the overwhelming disruptive impact the COVID-19 pandemic has had on the world. The report highlights…

International Islamic Trade Finance Corporation (ITFC)

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    • ITFC and SESRIC Launch Report on the Potential Economic Impacts of the AfCFTA on selected OIC Countries
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) and The Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) Launch Report on the Potential Economic Impacts of the AfCFTA on selected OIC Countries

The Report provides a new perspective on selected OIC Countries: Côte d’Ivoire, Egypt, Guinea, Mozambique, Tunisia and Uganda; and highlights importance of creating regional value chains and support smart infrastructure investment projects to improve connectivity

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) and its partner the Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC), today launched a technical report on the potential impacts of the African Continental Free Trade Area (AfCFTA) on selected OIC countries, namely Côte d’Ivoire, Egypt, Guinea, Mozambique,…

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

ITFC’s Signs a Euro 10 Million Murabaha Financing Agreement with Bridge Bank Group, Cote d’Ivoire (BBGCI) to Support Private Sector and SME Funding

Will make the funding available to the Bank’s growing client-base, especially importers operating in sectors such as energy (petroleum), foodstuffs, agribusiness, and construction

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), granted a Euro 10 Million Murabaha financing to Bridge Bank Group, Cote d’Ivoire (BBGCI). The facility represents a significant portion of BBGCI’s remaining 2021 trade financing requirements and enables BBGCI to support the…

International Islamic Trade Finance Corporation (ITFC)

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    • H.E. Eng. Saad Abdulaziz AlKhalb, CEO of the Saudi EXIM Bank, and H.E. Eng. Hani Salem Sonbol, CEO of ITFC
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Source: International Islamic Trade Finance Corporation (ITFC) |

New Saudi EXIM Bank-International Islamic Trade Finance Corporation (ITFC) Framework Agreement to Boost Private Sector and Non-Oil Exports

The agreement aims to strengthen the Saudi EXIM Bank’s leading role in stimulating the private sector, as well as supporting and developing companies engaged in exports in Saudi Arabia

The Saudi Export-Import Bank signed a new framework agreement with the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) to provide financing, insurance and guarantee services to the Bank’s clients. The agreement aims to strengthen the Saudi EXIM Bank’s leading role in stimulating the private sector, as well as supporting and…

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

International Islamic Trade Finance Corporation (ITFC) Extends €20 Million to Burkina Faso’s Coris Bank International as Part of ITFC’s Flagship West Africa SME Development Program

This Murabaha financing agreement is aimed at improving access to trade lines of finance for the private sector of Burkina Faso

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IDB) Group, continues its ongoing commitment to strengthen private sector development in Burkina Faso through its latest Murabaha financing agreement with Coris Bank International (CBI). The Euro 20 million agreement is part of the West…

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

Government of Pakistan and International Islamic Trade Finance Corporation (ITFC) signed New Framework Agreement amounting to US$ 4.5 billion

The Agreement will facilitate identification of other areas of cooperation at country and regional levels and to enhance and promote trade

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) signed a 3-Year Framework Agreement for a cumulative amount of US$4.5 billion with the Government of Pakistan in order to provide financing for the import of essential commodities such as crude oil, refined petroleum products, LNG and urea. Within the context of…

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

International Islamic Trade Finance Corporation (ITFC) partners with International Trade Center (ITC) to launch the ‘Women in Global Trade: SheTrades’ Initiative in Egypt

Under the Aid for Trade Initiative for Arab States (AfTIAS) Framework, the Initiative will Boost Women Entrepreneurs’ Export Capacity

In its newest chapter in Egypt, the International Islamic Trade Finance Corporation (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, launched the “SheTrades” initiative in Egypt, which is implemented by the International Trade Center (ITC) within the framework of the Aid for Trade Initiative for Arab States (AfTIAS)…