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International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation (ITFC) Commences 2025 Islamic Development Bank (IsDB) Annual Meetings Focusing on Boosting Intra-Organisation of Islamic Cooperation (OIC) Trade in its Member Countries
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) Commences 2025 Islamic Development Bank (IsDB) Annual Meetings Focusing on Boosting Intra-Organisation of Islamic Cooperation (OIC) Trade in its Member Countries

Momentum Builds in Algiers as ITFC Signs Agreements at the sidelines of the IsDB Group Annual Meetings

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, embarked on its participation at the 2025 IsDB Group Annual Meetings with signing agreements that signal a renewed drive to scale up trade finance, unlock private sector growth, and deepen regional economic integration.  In…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) and Asakabank Ink US$ 20 Million Trade Finance Deal to Strengthen Uzbekistan’s Private Sector
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) and Asakabank Ink US$ 20 Million Trade Finance Deal to Strengthen Uzbekistan’s Private Sector

This agreement underscores ITFC’s dedication to expanding trade finance accessibility for SMEs fueling Uzbekistan’s economic progress

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), the trade finance arm of the Islamic Development Bank (IsDB) Group, has signed a US$ 20 million Line of Trade Finance Agreement with Asakabank to bolster trade finance solutions for SMEs and private sector clients in Uzbekistan.   Structured under Murabaha, this facility…

International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation (ITFC) Signs US$ 20 Million Line of Financing Agreement with Trustbank in Uzbekistan
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) Signs US$ 20 Million Line of Financing Agreement with Trustbank in Uzbekistan

This agreement reinforces ITFC’s commitment to supporting economic development in Uzbekistan by enhancing trade finance accessibility for SMEs and key private sector entities

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org/), a member of the Islamic Development Bank (IsDB) Group, signed a US$20 million Line of Trade Financing Agreement with Trustbank in Uzbekistan under the Murabaha structure. This agreement aims to bolster trade finance accessibility for SMEs, women entrepreneurs, green financing initiatives, and…

Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) and Joint-Stock Commercial Bank “Turonbank” Strengthen Partnership to Support Private Sector Growth in Uzbekistan

This initiative is closely aligned with ICD's Private Sector Development Strategy, which focuses on enabling economic dynamism and resilience by empowering SMEs and advancing financial inclusion

The Third Line: ICD and Turonbank announce a USD 30 million Islamic line of financing facility to bolster Uzbekistan's private sector development. Empowering Entrepreneurs: The new facility is designed to accelerate SME growth and foster economic development in Uzbekistan. ​Strengthened Collaboration: This initiative reaffirms the long-standing partnership between ICD and…

Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) and Joint-Stock Commercial Bank “Asia Alliance Bank” Strengthen Partnership to Support Private Sector Growth in Uzbekistan

Asia Alliance Bank has been a trusted partner of ICD since 2013 and has previously received three line-of-financing facilities totaling USD 30 million

The Fourth Line: ICD and Asia Alliance Bank announce a USD 25 million Islamic line of financing facility to bolster Uzbekistan's private sector development.  Empowering Entrepreneurs: The new facility is designed to accelerate SME growth and foster economic development in Uzbekistan.  Strengthened Collaboration: This initiative reaffirms the long-standing partnership between…

OPEC Fund

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    • OPEC Fund Director General, Dr Abdulhamid Alkhalifa
    • OPEC Fund Building Inside
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Source: OPEC Fund |

The OPEC Fund for International Development (OPEC Fund) approves close to US$1 billion in new development financing

These projects will benefit countries across the globe and aim to bolster infrastructure, food security, renewable energy, economic resilience and governance in partner countries

The OPEC Fund for International Development (OPEC Fund) (www.OPECFund.org) has approved close to US$1 billion in new development financing over the last quarter of 2024, including during its 190th Governing Board meeting in Vienna today. These projects will benefit countries across the globe and aim to bolster infrastructure, food security,…

Islamic Corporation for the Development of the Private Sector (ICD)

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    • Islamic Corporation for the Development of the Private Sector (ICD) and JSC Ziraat Bank Uzbekistan Collaborate to Boost the Private Sector in Uzbekistan
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) and JSC Ziraat Bank Uzbekistan Collaborate to Boost the Private Sector in Uzbekistan

This agreement initiates a partnership between ICD and JSC Ziraat Bank Uzbekistan, reflecting ICD’s strategic commitment to bolstering private sector growth within its member nations

ICD (http://www.ICD-ps.org) and Ziraat Bank Uzbekistan signed an Expression of Intent for the USD 10 million Line of Financing Facility aimed at supporting eligible private sector projects in Uzbekistan; This agreement initiates a partnership between ICD and JSC Ziraat Bank Uzbekistan, reflecting ICD’s strategic commitment to bolstering private sector growth within its…

Islamic Corporation for the Development of the Private Sector (ICD)

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    • Islamic Corporation for the Development of the Private Sector (ICD) Signs 11 Transformative Agreements Aimed at Spearheading Private Sector Expansion in Member Countries
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) Signs 11 Transformative Agreements Aimed at Spearheading Private Sector Expansion in Member Countries

These agreements underscore ICD’s commitment to driving sustainable growth and prosperity through strategic partnerships and financial support

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org) is pleased to announce the signing of 11 pivotal agreements aimed at fostering economic development and facilitating private sector growth and access to capital in several of its member countries. These agreements underscore ICD’s commitment to driving sustainable…

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…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Partners with Huawei Technologies to Promote Telecom Advancements in ICIEC Member States (1)
    • Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Partners with Huawei Technologies to Promote Telecom Advancements in ICIEC Member States (2)
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Partners with Huawei Technologies to Promote Telecom Advancements in ICIEC Member States

Under this arrangement, ICIEC will provide insurance solutions to support Huawei's provision of advanced telecom network equipment and training to key telecom operators within the ICIEC member states

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org/), a Shariah-based multilateral insurer and a member of the Islamic Development Bank (IsDB) Group, is thrilled to announce a newly signed Memorandum of Understanding (MoU) with Huawei Technologies Co., Ltd. This strategic memorandum was signed on the…