International Islamic Trade Finance Corporation Concludes 2025 Annual Meetings with Significant Achievements

Strategic Insights -

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, concluded its participation at the 2025 IsDB Group Annual Meetings in Algiers with notable achievements that underscore its role in facilitating trade and economic development in OIC Member Countries. The Corporation signed a total of US$2.6 billion in agreements, reaffirming its commitment to supporting socio-economic and development priorities of its member countries. Notable partnerships included a landmark five-year framework agreement with Senegal, a sovereign financing with Guinea, and renewed strategic partnerships with Afreximbank and Uzbekistan's Smartbank.

Key Takeaways:

  • ITFC signed a landmark five-year framework agreement with Senegal worth EUR 2 billion to support key sectors such as energy, agriculture, healthcare, and SME development.
  • A sovereign financing was announced with Guinea to provide a Murabaha trade finance facility through the Central Bank of Guinea to support the import of petroleum products and essential commodities.
  • ITFC signed a US$100 million Murabaha facility with EBID to facilitate imports of essential commodities for private sector clients across Member Countries.
  • A US$300 million Murabaha financing agreement was signed with Afreximbank to secure food and energy supplies and enhance intra-African trade flows.
  • ITFC signed US$10 million in Mudaraba financing with Uzbekistan's Smartbank to provide Shariah-compliant financing to the country's growing private sector.
  • A EUR 20 million Murabaha facility was signed with Albaraka TÈ­rk to boost access to finance for SMEs and private sector clients in Turkiye.
  • ITFC signed a US$100 million syndicated LC confirmation facility with Crédit Populaire d'Algérie (CPA) Bank to support trade transactions of both public and private sector clients with a special emphasis on SME development.
  • ITFC inked a series of agreements with banks in Cameroon, Nigeria, and Algeria to support agricultural pre-exports and essential equipment imports.
  • A grant agreement under the AfTIAS 2.0 program was signed with the government of Algeria to enhance cross-border trade with Tunisia.

Statistics:

  • Total agreements signed: US$2.6 billion
  • Amount of the landmark five-year framework agreement with Senegal: EUR 2 billion
  • Amount of sovereign financing with Guinea: Not specified
  • Value of the US$100 million Murabaha facility with EBID: Not specified
  • Value of the US$300 million Murabaha financing agreement with Afreximbank: Not specified
  • Value of the US$10 million in Mudaraba financing with Uzbekistan's Smartbank: Not specified
  • Value of the EUR 20 million Murabaha facility with Albaraka TÈ­rk: Not specified
  • Value of the US$100 million syndicated LC confirmation facility with Crédit Populaire d'Algérie (CPA) Bank: Not specified
  • Number of grant agreements signed under the AfTIAS 2.0 program: 1

Sources:

  • The International Islamic Trade Finance Corporation (ITFC)
  • Islamic Development Bank (IsDB) Group
  • APO Group
  • Press release by ITFC
  • Africa Press Organisation
  • Contify.com