Trade finance is one of the main driving forces of the modern economy, and its importance becomes even greater during periods of uncertainty, Adeeb Y. Al Aama, Chief Executive Officer of the International Islamic Trade Finance Corporation (ITFC), said during his speech at the panel discussion titled “Enhancing Trade Solutions for Regional Connectivity,” organized within the framework of the annual meetings of the Islamic Development Bank Group (IsDB) held in Baku, APA reports.
He stated that demand for trade finance is increasing at a time when uncertainty and volatility in the global economy are rising:
“Trade finance is like the bloodstream of the modern economy. Its importance becomes even more evident, especially during periods of increasing uncertainty in the energy sector.”
Al-Aama noted that 2025 was marked by significant results for ITFC:
“In 2025, ITFC’s trade finance approvals increased by approximately 30 percent compared to 2024, reaching USD 9.35 billion.”
He stated that a large portion of this financing was directed toward supporting trade among member countries of the Organization of Islamic Cooperation (OIC):
“In 2025, USD 8 billion of the USD 9.35 billion in financing was allocated to trade among OIC countries.”
The head of ITFC emphasized that the institution pays particular attention to more vulnerable countries and strategically important sectors:
“We operate in line with the needs of member countries. Currently, the main demand is concentrated in the areas of energy security and food security.”
Al-Aama noted that ITFC expands its financing capacity by mobilizing additional resources from the markets:
“For every USD 1 of financing provided by ITFC, we are able to mobilize approximately USD 2 in additional resources from our partners. This allows us to expand our capabilities far beyond our balance sheet.”
According to him, since the start of its operations in 2008, ITFC’s total financing volume has exceeded USD 96 billion:
“We hope to surpass the USD 100 billion mark in the near future through cooperation with Egypt, Bangladesh, Pakistan and other member countries.”
Al-Aama stated that ITFC’s main objective is to support the economic development of member countries through the strengthening of trade, finance and regional connectivity.
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