ITFC opens for business in Jeddah

JEDDAH — More than 50 finance and planning ministers from the Organisation of Islamic Conference (OIC) nations have convened in Jeddah yesterday to attend the inauguration of the International Islamic Trade Finance Corporation, the first specialist entity dedicated to developing trade and finance in the Islamic nations.

By A Staff Reporter

  • Follow us on
  • google-news
  • whatsapp
  • telegram

Published: Sun 25 Feb 2007, 8:37 AM

Last updated: Sat 4 Apr 2015, 8:30 PM

The International Islamic Trade Finance Corporation (ITFC) aims to increase trade volume among OIC member countries; develop and finance such trade in accordance with the principle and provisions of Islamic law; and upgrade the OIC nations' export capacity. The ITFC has an initial capital of $3billion.

More news from