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ITFC conducts first transaction with Bolero

News | E-invoicing, SCF & E-procurement | 15 Apr 2021

The International Islamic Trade Finance Corporation (ITFC) has facilitated its first transaction with trade finance digitisation provider Bolero, according to gtreview.com.

trade finance, banks

ITFC, PJSCB Orient Finans launch trade finance facility in Uzbekistan

News | E-invoicing, SCF & E-procurement | 22 Jan 2021

The ITFC has signed a USD 10 million Line of Trade Finance Agreement with PJSCB Orient Finans to support private sector and SME development in Uzbekistan.

ITFC, PJSCB Orient Finans, SMEs, supply chain finance, trade finance, SCF, Uzbekistan, IsDB, OIC member

Afreximbank, ITFC, and Badea launch COVID-19 pandemic response facility in Africa

News | E-invoicing, SCF & E-procurement | 10 Nov 2020

The African Export-Import Bank (Afreximbank) has announced a new USD 1.5 billion pandemic response facility in a partnership with the ITFC and Badea, according to Global Trade Review.

Afreximbank, ITFC, Badea, COVID-19, Africa, partnership, financial assistance, COPREFA, funding

ITFC, Mizuho Bank Malaysia reach USD 100 mln trade financing deal

News | E-invoicing, SCF & E-procurement | 09 Sep 2020

The International Islamic Trade Finance Corporation (ITFC) has signed a USD 100 million Murabaha-structured line of trade finance with Mizuho Bank in Malaysia. 

ITFC, Mizuho Bank Malaysia, trade finance, International Islamic Trade Finance Corporation, Murabaha, Malaysia, financing , covid-19 response plan, Japanese, bank, OIC

Sberbank structures rade finance deal with International Islamic Trade Finance Corporation

News | E-invoicing, SCF & E-procurement | 05 Aug 2020

Sberbank has structured a trade finance deal with the International Islamic Trade Finance Corporation (ITFC), a provider of Trade Solutions.

Sberbank, trade finance, International Islamic Trade Finance Corporation, ITFC, Trade Solution, banks, Switzerland, Russia, Egypt

ITFC releases USD 15 mln to support SMEs in Bangladesh

News | E-invoicing, SCF & E-procurement | 12 Jun 2020

The International Islamic Trade Finance Corporation (ITFC) has approved a USD 15 million Murabaha Financing Facility in favour of City Bank Limited in Bangladesh to support SMEs.

ITFC, Murabaha Financing Facility, City Bank Limited, Bangladesh, SME, trade finance, financing , coronavirus, OIC, local banks, private sector, global trade, IsDB Group, Covid-19 Response Package, grants, pandemic

ITFC finances programmes of promoting Egypt's exports to Africa

News | E-invoicing, SCF & E-procurement | 23 Dec 2019

The Export Development Authority (EDA) and the International Islamic Trade Finance Corporation (ITFC) have agreed to finance export programmes in Egypt.

The Export Development Authority, EDA, International Islamic Trade Finance Corporation, financing , trade finance, Egypt, MENA, fundin, financing , financial inclusion

Egypt signs agreement with ITFC to support commodities by USD 1.1 bln

News | E-invoicing, SCF & E-procurement | 05 Dec 2019

Egypt has signed a USD 1.1 billion agreement with the International Islamic Trade Finance Corporation (ITFC) to finance importing petroleum products and commodities for 2020, according to the Ministry of Petroleum.

Egypt, agreement, ITFC, commodities, financing

Afreximbank announces agreement with the International Islamic Trade Finance Corporation

News | E-invoicing, SCF & E-procurement | 27 Nov 2019

The African Export-Import Bank (Afreximbank) has sealed an agreement with the International Islamic Trade Finance Corporation (ITFC) to receive a USD 100 million credit facility in order to promote Arab-Africa trade and investments.

Afreximbank, agreement, International Islamic Trade Finance Corporation, finance

FCI and the ITFC sign agreement to create the Islamic Factoring Chapter

News | E-invoicing, SCF & E-procurement | 17 Jun 2019

International Islamic Trade Finance Corporation and FCI signed a MoU to create an Islamic Factoring Chapter within the FCI network.

International Islamic Trade Finance Corporation, FCI, trade finance, United Arab Emirates, Islamic Factoring Chaper, factoring, FCI Network, MENA

International Islamic Trade Finance Corporation signs USD 1.1 bln agreements

News | E-invoicing, SCF & E-procurement | 23 Apr 2019

The International Islamic Trade Finance Corporation has signed six major Trade Financing and Development Agreements worth in excess of USD 1.1 bln.

trade finance, ITFC, Africa

Türk Eximbank receives USD 380.5 mln loan under IFTC tutelage

News | E-invoicing, SCF & E-procurement | 21 Feb 2019

Türk Eximbank has received a loan of USD 380.5 million from a banking consortium pertaining to the International Islamic Trade Finance Corporation.

Türk Eximbank, International Islamic Trade Finance Corporation, interest free loan, trade finance lending, IFTC, Turkey, Middle East, EMEA

The International Islamic Trade Finance Corporation gets fiduciary rating

News | E-invoicing, SCF & E-procurement | 31 Dec 2018

Islamic International Rating Agency has assigned the international scale ratings of ‘AA- / A1 to The International Islamic Trade Finance Corporation.

The International Islamic Trade Finance Corporation, fiduciary rating, Islamic International Rating Agency, Saudi Arabia, Middle East, MENA, international scale ratings, trade finance, Sukuk investments

ITFC, Export Development Authority to support trade development

News | E-invoicing, SCF & E-procurement | 14 Dec 2018

The International Islamic Trade Finance Corporation, Egyptian Export Development Authority have signed a MoU to support trade development.

The International Islamic Trade Finance Corporation, Export Development Authority, Memorandum of Understanding, trade finance, trade development, Egypt, Middle East, MENA

ITFC partners with National Bank of Tajikistan

News | E-invoicing, SCF & E-procurement | 02 Nov 2018

International Islamic Trade Finance Corporation, National Bank of Tajikistan have hosted a workshop on Trade Finance Solutions for Financial Institutions.

International Islamic Trade Finance Corporation, National Bank of Tajikistan, Trade Finance Solutions, National Bank in Dushanbe, State Property Management of the Republic of Tajikistan, the Islamic Training and Research Institute, trade finance

African Development Bank to launch trade finance e-learning programme

News | E-invoicing, SCF & E-procurement | 30 Oct 2018

African Development Bank along with ITFC and ICC have announced launching a joint AfDB-ITFC trade finance e-learning programme for financial institutions.

African Development Bank, International Chamber of Commerce, International Islamic Trade Finance Corporation, Africa, trade finance, AfDB-ITFC trade finance, e-learning programme

ITFC launches new funding scheme for West African SMEs

News | E-invoicing, SCF & E-procurement | 10 Oct 2018

The International Islamic Trade Finance Corporation (ITFC) has announced two initiatives aimed at deepening economic growth across the West African sub-region.

International Islamic Trade Finance Corporation, SMEs, banks, finance, trade finance, West Africa

Federated Investors partners with Islamic Trade Finance

News | E-invoicing, SCF & E-procurement | 10 Aug 2018

Federated Investors has partnered with the International Islamic Trade Finance Corporation to introduce a sovereign energy trade-finance portfolio.

Federated Investors, UK, Islamic Trade Finance, Islamic Trade Finance Corporation, trade finance, ITFC Sovereign Energy Fund, export/import finance, supply chain financing, project finance assets