The International Islamic Trade Finance Corporation (ITFC) has provided a total of $96 billion in financing since the start of its operations, ITFC Chief Executive Officer Adeeb Yousif Al Aama said at the Private Sector Forum organized within the framework of the Islamic Development Bank Annual Meetings held in Baku, APA-Economics reports.
According to him, trade financing worth $9.35 billion was approved in 2025 alone.
“Of this amount, $8 billion was directed toward financing trade among countries within the Organization of Islamic Cooperation. These funds are also directed to the countries that need them most. Thus, it can be said that approximately one-third of this financing has been allocated to the group's least developed countries,” he noted.
He added that another area in which ITFC has performed well and continued to strengthen over time is its ability to mobilize and channel financing rapidly.
“We achieve this through multifaceted partnerships with development institutions and financial organizations around the world. To put it more clearly, for every $1 we invest, we are able to attract $2 from external sources.
Thus, since 2008, approximately $60 billion of all financing we have provided has been mobilized from external sources. This enables us to go beyond our own balance sheet and provide financing on a larger scale. Overall, this briefly characterizes ITFC's trade finance model,” he said.
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