President Islamic Development

Islamic Development Bank Trade Finance

The International Islamic Trade Finance Corporation is an autonomous entity within the Islamic Development Bank Group created with the purpose of advancing trade to improve the economic condition and livelihood of people across the Islamic world. ITFC has consolidated all the trade finance businesses that used to be handled by various windows within the IDB Group. It commenced operations in Muharram 1429H (January 2008G). The consolidation of the IDB Group’s trade finance activities under a single umbrella increased the Corporation’s efficiency in service delivery by enabling rapid response to customer needs in a market-driven business environment.

As a leader in Shari’ah-compliant trade finance, ITFC deploys its expertise and funds to businesses and governments in its member countries. Its primary focus is to encourage intra-trade among OIC member countries. As a member of the IDB Group, ITFC has unique access to governments in its member countries and it works as a facilitator to mobilize private and public resources towards achieving its objectives of fostering economic development through trade. The Corporation helps businesses in member countries gain better access to trade finance and provides them with the necessary trade-related capacity building tools in order to help them compete successfully in the global market.

MISSION

ITFC’s catalytic role in enhancing the member countries’ trade, intra-trade and international trade potentials is clearly reflected in its mission statement.

“We exist to be the catalyst for the development of trade among OIC member countries and with the rest of the world”

The mission statement is aligned with the Corporation’s mandate as stated in the Article 5 of ITFC’s Articles of Agreement (AOA).

Our purpose shall be to promote trade of member countries of the Organization of Islamic Cooperation (OIC) through providing trade finance and engaging in activities that facilitate intra-trade and international trade.”

VISION

“ITFC is to be a recognized provider of trade solutions for OIC member countries’ needs”

You might also like
How is Islamic finance different from conventional finance?
How is Islamic finance different from conventional finance?
Using Islamic finance to fund projects
Using Islamic finance to fund projects
Law Book Review: Islamic Banking And Finance In South-East
Law Book Review: Islamic Banking And Finance In South-East ...

On Ending Terrorism: a Progressive Approach

by justyouraveragecitizen

On Ending Terrorism
by Ted Glick
January 28, 2002
Since September 11th, the progressive movement has been on the defensive. But times are changing. The mushrooming Enron scandal; European criticism of the treatment of prisoners at Guantanamo; the U.S.'s inability to apprehend Bin Laden or Mullah Omar, either dead or alive; recession and rising unemployment; Cheney's refusal to release information about his energy task force: all of these developments have put the Bush oil- and-war-men on the defensive. It's time for us to come forward with a political counter-offensive, visible activism, outreach and outspokenness, through such activity as the April 20th demonstration in Washington, D

World Bank Publications Jordan: Supporting Stable Development in a Challenging Region--A Joint World Bank-Islamic Development Bank Evaluation (Independent Evaluation Group Studies)
Book (World Bank Publications)
  • Used Book in Good Condition

Hedge funds fuel international banks  — Miami Today
He noted that the association's member banks are active in correspondent banking, trade finance and international wealth management/private banking services.

INTERNATIONAL MONETARY FUND Toward New Horizons: Arab Economic Transformation amid Political Transition
eBooks (INTERNATIONAL MONETARY FUND)
INTERNATIONAL MONETARY FUND Current Developments in Monetary and Financial Law, Vol. 5
eBooks (INTERNATIONAL MONETARY FUND)
SAUDI ARABIA: An entry from Gale's Worldmark Encyclopedia of the Nations
Book (Gale)
INTERNATIONAL MONETARY FUND Silent Revolution: The International Monetary Fund, 1979-89
eBooks (INTERNATIONAL MONETARY FUND)

Popular Q&A

avatar
Why trade finance is attractive to banks?

low risk,profitable,self liquidating and can cross sell

avatar
What is the nature of work and opportunities in trade finance of a bank..thanks?

In the imports and exports business of bank's customers. And their financing of international trade. Like the issuance of Letter of credits for their customers.

Related Posts
www.redlandsequestrian.com