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International Islamic Trade Finance Corporation (ITFC)

المؤسسة الدولية الإسلامية لتمويل التجارة

A member of the Islamic Development Bank Group based in Jeddah, founded in 1429 AH / 2008 to develop trade among the member states of the Organisation of Islamic Cooperation; it provides Shariah-compliant trade finance to public and private entities.

Depth

At a glance

Identifiers
Wikidata

In time

200020102020

Trade and financeThe halal economy

In the Modern Islam Browser

Modern Islam BrowserEnterprise, brands and finance2008Saudi Arabia

Footprint

On Wikipedia in:arazen (read on 2026-11-06)

Wikidata:Q6051229

Summary

The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank Group, headquartered in Jeddah and founded in 1429 AH / 2008, which aims to develop trade among the member states of the Organisation of Islamic Cooperation. 1 Its trade finance arm provides Shariah-compliant financing to public and private entities. 1

Origins

The article recounts, in an uncited section, that the formal proposal came at the 10th OIC Summit in Putrajaya in 1424 AH, that the IDB Board of Governors approved it in Jumada al-Awwal 1426 AH, and that it began operating on 1 Muharram 1429 AH (10 January 2008), bringing together the group's scattered trade-finance programmes. 1

Its work

In July 2012 it signed a US$40 million financing agreement with the Government of Tajikistan for imports of gasoline and diesel. 1

References

  • Wikipedia, "International Islamic Trade Finance Corporation", revision 1381543612. 1

People and things also explored

Islamic banks and conventional banks — the difference, the doubts and the performance· Abu Dhabi Islamic Bank· Alrajhi Bank· Alinma Bank· Bank Albilad· Dubai Islamic Bank· Dukhan Bank· Emirates Islamic

Sources

  1. International Islamic Trade Finance Corporation — English Wikipedia
  • Wikidata
Cite this page

islam.museum contributors. “International Islamic Trade Finance Corporation (ITFC)”. islam.museum, https://islam.museum/en/group/itfc/. CC BY-SA 4.0. Last updated 2026-11-07.

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