ITFC

By Ayomide Otitoju The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has signed a US$200 million syndicated Murabaha financing agreement with Türk Eximbank to enhance trade financing for private sector businesses, particularly export-oriented small and medium-sized enterprises (SMEs). The facility aims to expand access to Islamic trade…

By Ayomide Otitoju The Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, and Hamkorbank, a joint-stock commercial bank with foreign capital, have strengthened their partnership by signing an increase in their Line of Trade Financing Agreement with an additional US$30 million. The signing ceremony took place at ITFC Headquarters…