Here are the latest publicly available updates on the International Islamic Trade Finance Corporation (ITFC) as of now.
ITFC released its 2024 Annual Report highlighting record trade finance approvals and expanded geographic reach. Key figures include US$7.3 billion in trade finance approvals across 110 operations in 26 countries, with US$6.7 billion disbursed, and a notable focus on LDMCs (Least Developed Member Countries) [ITFC 2024 Annual Report highlights; source: ITFC-related press coverage]. This indicates continued growth in trade finance activity despite global headwinds [ITFC press coverage].
In 2024, ITFC accelerated intra-OIC trade, dedicating US$4.85 billion to promoting trade among OIC member countries, representing a 6.5% year-over-year increase and accounting for about two-thirds of total operations, reinforcing regional integration goals [2024 annual report highlights; press releases].
The organization continued private-sector support, providing around US$1.2 billion in financing to 47 financial institutions and engaging 19 new clients across Africa, the Middle East, and Central Asia, reflecting its strategy to strengthen value chains and private-sector development [2024 annual report highlights; relevant ITFC communications].
In 2024, ITFC maintained a pipeline of regional and bilateral financing initiatives, including ongoing collaborations with partner banks in Central Asia (e.g., Uzbekistan program lines noted in 2024-08-20 reporting) aimed at sustaining SME activity and import/export financing amid pandemic-related disruptions [Uzbekistan Council/Trustbank line—case example; ITFC communications].
ITFC remains a key member of the IsDB Group, continuing to position itself as a catalyst for trade development among OIC member countries, with ongoing programs and new engagements across multiple regions [ITFC homepage and news page; IsDB-linked messaging].
Illustrative example: ITFC’s 2024 operations included a multi-billion-dollar mix of intra-OIC trade and private-sector financing, showing a dual focus on regional economic integration and support for private-sector resilience.
Note: For the most current updates, you may want to check ITFC’s official News & Events page and their 2024 Annual Report, as well as reliable business press covering ITFC activities in 2025–2026. Citations: ITFC annual report highlights and ITFC news pages [ITFC 2024 Annual Report; ITFC News].
The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among Organization of Islamic Cooperation (OIC) member countries, which would ultimately contribute to the overarching goal of improving the socio-economic conditions of the people across the world.
www.itfc-idb.orgThe International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among Organization of Islamic Cooperation (OIC) member countries, which would ultimately contribute to the overarching goal of improving the socio-economic conditions of the people across the world.
www.itfc-idb.orgThe International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org/), member of the Islamic Development Bank (IsDB) Group, signed a US$8 million Murabaha-structured line of trade finance with the private joint stock bank, Trustbank in Uzbekistan, to minimize the impact of COVID-19 by supporting the import and pre-export financing needs of SMEs in the country.
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