The rich heritage, portrayed by many years of experience and knowledge under the Islamic Development Bank (IDB) umbrella, has placed the International Islamic Trade Finance Corporation (ITFC) in a leading position as the recognized provider of Islamic trade finance solutions.
This pioneering differentiation has also aided in developing, and implementing the anticipated objectives with the aim of promoting economic and social development among OIC member countries.
Also, the latter has contributed in formulating Shariah-compliant innovative finance tools, and establishing standards and ethics to be followed in the business.
Complementary to the march of progress and prosperity, ITFC has won the 2016’s Best Islamic Commodities Provider Award.
That is within the framework of the annual awards granted by Global Finance to the best Islamic financial institutions in the world for the ninth consecutive year.
The ITFC, a member of the IDB Group, is the provider of Islamic trade finance and trade development. Its main objective is to facilitate and promote trade among the member countries of the Organization of Islamic Cooperation (OIC). It is, in fact, the leading corporation in providing Islamic financial services to governments and companies on a global scale.
Hani Salem Sonbol, acting CEO of ITFC, confirmed that the main purpose for establishing this Corporation as a catalyst for the development of trade among OIC member countries and in doing so, help countries engage through trade with the rest of the world.
The Islamic Corporation, as a financial company, works on providing a range of Islamic trade finance products and services; so that companies can use effective global products and services that fully comply with the Shariah provisions, which help in removing trade barriers, facilitating transactions, reducing costs, and strengthening partnerships.
Joseph Giarraputo, Global Finance editorial director, said: “Islamic finance continues to expand rapidly, both geographically and in terms of structures and products.”
This pioneering differentiation has also aided in developing, and implementing the anticipated objectives with the aim of promoting economic and social development among OIC member countries.
Also, the latter has contributed in formulating Shariah-compliant innovative finance tools, and establishing standards and ethics to be followed in the business.
Complementary to the march of progress and prosperity, ITFC has won the 2016’s Best Islamic Commodities Provider Award.
That is within the framework of the annual awards granted by Global Finance to the best Islamic financial institutions in the world for the ninth consecutive year.
The ITFC, a member of the IDB Group, is the provider of Islamic trade finance and trade development. Its main objective is to facilitate and promote trade among the member countries of the Organization of Islamic Cooperation (OIC). It is, in fact, the leading corporation in providing Islamic financial services to governments and companies on a global scale.
Hani Salem Sonbol, acting CEO of ITFC, confirmed that the main purpose for establishing this Corporation as a catalyst for the development of trade among OIC member countries and in doing so, help countries engage through trade with the rest of the world.
The Islamic Corporation, as a financial company, works on providing a range of Islamic trade finance products and services; so that companies can use effective global products and services that fully comply with the Shariah provisions, which help in removing trade barriers, facilitating transactions, reducing costs, and strengthening partnerships.
Joseph Giarraputo, Global Finance editorial director, said: “Islamic finance continues to expand rapidly, both geographically and in terms of structures and products.”
