Real Estate, Financial

International Islamic Trade Finance Corporation Jeddah

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 IDB Group. It commenced operations in Muharram 1429H (January 2008G). The consolidation of 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.

NBC, Metl Group ink 100bn/- loan for oil business  — IPPmedia
In structuring this deal, Absa provided a Structured Trade Finance Facility, Barclays Bank Mauritius funded a Term Facility, whilst NBC has afforded an Overdraft Facility to Star Oils Tanzania Limited.

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