The International Islamic Trade Finance Corporation (ITFC) Signs EUR 40 Million Trade Finance Agreement to Strengthen Comoros’ Energy Security

ITFC extends trade finance to Uzbekistan and Comoros totalling US$63.25mn

The International Islamic Trade Finance Corporation (ITFC) has signed agreements worth US$20mn and €40mn with Uzbek bank Trustbank and the Comoros ministry of finance, respectively. Trustbank will use its US$20mn line of trade finance to offer import and pre-export financing for SMEs, women-led businesses, green financing initiatives and food security programmes, according to the ITFC. The Murabaha deal is part of a US$600mn framework agreement …

GEORGE TOWN – The Penang Islamic Foundation (YIPP) is developing the first international Islamic school in the state of Penang in an effort to strengthen Islamic educational institutions and the demands of the Muslim community in the state. Deputy Chief Minister I, Dato’ Dr. Mohamad Abdul Hamid said the establishment of the school was the result of the signing of a memorandum of understanding (MoU) between the Penang State Islamic Religious Coun…

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 TASHKENT, Uzbekistan, March 24, 2025/APO Group/ –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 und…

The International Islamic Trade Finance Corporation (ITFC) Signs EUR 40 Million Trade Finance Agreement to Strengthen Comoros’ Energy Security

The International Islamic Trade Finance Corporation (ITFC) Signs EUR 40 Million Trade Finance Agreement to Strengthen Comoros’ Energy Security