International Islamic Trade Finance Corporation (ITFC)
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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…

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    • ITFC Signs a EUR 40 million Agreement with SONACOS to Finance 2021/22 Groundnut Season in Senegal
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC Signs a EUR 40 million Agreement with SONACOS to Finance 2021/22 Groundnut Season in Senegal

This is to support the full recovery of the Senegalese economy as agriculture is a vital sector that contributes about 16% to the country’s GDP

The International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org), granted a Euro 40 million financing to Senegal National Groundnut Company (SONACOS). This facility is dedicated to the post-Covid recovery of the Senegalese agriculture sector, the facility is purposed at financing part of the 2021-2022 groundnut campaign. The financing shall cover about…

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    • Roundtable on the Harmonisation of Standards for Pharmaceutical Products and Medical Devices in Africa during IATF 2021 in Durban
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Source: International Islamic Trade Finance Corporation (ITFC) |

Under the Arab Africa Trade Bridges (AATB) Program, ITFC, Afreximbank, BADEA and ARSO organized a High-level Roundtable on the Harmonisation of Standards for Pharmaceutical Products and Medical Devices in Africa during IATF 2021 in Durban

The week-long event brought together government officials, policy-makers, industry leaders and institutional heads from African countries and other regions to discuss the future of of the African Continental Free Trade Area (AfCFTA), trade, health and post-covid economic recovery

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), the African Export-Import Bank (Afreximbank), Arab Bank for Economic Development in Africa (BADEA) and the African Organization for Harmonization (ARSO), Africa Continental Free Trade Area (AfCFTA) Secretariat,  joined other partners and strategic stakeholders for a strategic roundtable on the Harmonisation of Standards for Pharmaceutical products and…

International Islamic Trade Finance Corporation (ITFC)
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Under the Arab Africa Trade Bridges (AATB) Program, ITFC, Afreximbank, BADEA and ARSO to Organize a High-level Roundtable on the Harmonisation of Standards for Pharmaceutical Products and Medical Devices in Africa on the 17th November 2021

The hybrid roundtable is aimed at discussing and providing update on the Harmonization project and will come off on the sidelines of the Intra-African Trade Fair (IATF) taking place in Durban, South Africa from the 15th to the 21st of November 2021

The International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org), in partnership with the African Export-Import Bank (Afreximbank), Arab Bank for Economic Development in Africa (BADEA) and the African Organization for Harmonization (ARSO) announce the organization of a roundtable on the sidelines of the Intra-African Trade Fair (IATF) on 17th November 2021 at 10:30 – 12.30pm (South Africa…

International Islamic Trade Finance Corporation (ITFC)
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    • Prof. Benedict Oramah, President of Afreximbank and Eng. Hani Salem Sonbol ITFC CEO (1)
    • Prof. Benedict Oramah, President of Afreximbank and Eng. Hani Salem Sonbol ITFC CEO (2)
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Afreximbank and the International Islamic Trade Finance Corporation (ITFC) ratify US$250 million finance facility to Support Africa

The ITFC facility will help advance Afreximbank’s COVID-19 response programme for countries in which both organisations operate

African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org), signed a US$250 million facility to provide funds for the Bank to advance procurement of COVID-19 vaccines and drive a trade-based economic recovery. The agreement was signed between Prof. Benedict Oramah, President of Afreximbank and Eng. Hani Salem…

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    • As part of launching the second phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) Program: US$15.5 million to support economic integration and job creation in Arab countries
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Source: International Islamic Trade Finance Corporation (ITFC) |

As part of launching the second phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) Program: US$15.5 million to support economic integration and job creation in Arab countries

The main objective of AfTIAS 2.0, whose implementation will span over five years, is to improve international trade environment in the Arab region and make it more efficient and inclusive

The International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org) launched today the second phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) Program at the headquarters of the Islamic Development Bank (IsDB) Group in Jeddah, Kingdom of Saudi Arabia. The main objective of AfTIAS 2.0, whose implementation will span…

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    • International Islamic Trade Finance Corporation (ITFC) Signs a Euro 100 million Murabaha Financing Agreement with SENELEC, Dedicated to Support Senegal’s Energy Sector (1)
    • International Islamic Trade Finance Corporation (ITFC) Signs a Euro 100 million Murabaha Financing Agreement with SENELEC, Dedicated to Support Senegal’s Energy Sector (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Signs a Euro 100 million Murabaha Financing Agreement with SENELEC, Dedicated to Support Senegal’s Energy Sector

The company’s strategic mandate is to ensure the production, transmission, and distribution of electricity in Senegal

The International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org) approved a Euro 100 million Murabaha financing to SENELEC (Senegal National Power Company). The company’s strategic mandate is to ensure the production, transmission, and distribution of electricity in Senegal. This approval reflects ITFC’s commitment to supporting the availability and affordability of electricity in…

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    • International Islamic Trade Finance Corporation (ITFC) wins Best Islamic Trade Finance Institution award at the 2021 edition of the Global Islamic Finance Awards®
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) wins Best Islamic Trade Finance Institution award at the 2021 edition of the Global Islamic Finance Awards®

The award comes as a recognition of the work being done by the institution to promote Islamic trade financing globally and the investments made in the past year in supporting OIC member States in their recovery of the Covid-19 pandemic

The Global Islamic Finance Awards has announced ITFC (ITFC-idb.org) as the winner of the Islamic Trade Finance Institution category at the 2021 edition of the Global Islamic Finance Awards. Commenting on the reception of the award, CEO of ITFC, Eng. Sonbol said: “ITFC is honored to have been once again…

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    • Eng. Hani Salem Sonbol, ITFC CEO announced as Islamic Trade Finance CEO of the Year Saudi Arabia 2021 and Islamic Trade Finance CEO of the Year Middle East at the 2021 Global Banking & Finance Awards®
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Source: International Islamic Trade Finance Corporation (ITFC) |

Eng. Hani Salem Sonbol, ITFC CEO announced as Islamic Trade Finance CEO of the Year Saudi Arabia 2021 and Islamic Trade Finance CEO of the Year Middle East at the 2021 Global Banking & Finance Awards®

The awards recognize the strategic and leading role played by the CEO of ITFC in the ever evolving Saudi and Middle East banking and finance sectors amid the Covid-19 pandemic

The Global Banking & Finance Review has announced ITFC (https://ITFC-idb.org)’s CEO, Eng. Hani Salem Sonbol as the winner of the Islamic Trade Finance CEO of the Year Saudi Arabia and Islamic Trade Finance CEO of the Year Middle East categories at the 2021 edition of the Global Banking & Finance…

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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…