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Sharm El Sheikh: The Worldwide Islamic Commerce Finance Company (ITFC), a member of the Islamic Improvement Financial institution Group (IsDB), has renewed a Murabaha Commerce Financing settlement for US$ 175 million to help the import of important commodities with the State Buying and selling Group (STO), Maldives.
The financing facility will help the procurement of important commodities, together with petroleum merchandise, staple meals and medication and medical tools. This unique Murabaha Commerce Facility was signed between ITFC and the Republic of Maldives in October 2019.
The ability settlement was signed by Eng. Hani Salem Sonbol, CEO, ITFC and Mr. Husen Amru Mohamed Rashed, CEO and MD, State Buying and selling Group, Maldives throughout theon the sidelines of IsDB 2022 Annual Assembly.
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About The Worldwide Islamic Commerce Finance Company (ITFC)
The Worldwide Islamic Commerce Finance Company (ITFC) is a member of the Islamic Improvement Financial institution (IsDB) Group. It was established with the first goal of advancing commerce amongst OIC member international locations, which might finally contribute to the overarching aim of bettering the socio-economic situations of the folks the world over. Commencing operations in January 2008, ITFC has supplied US$61.41 billion of financing to OIC member international locations, making it the main supplier of commerce options for these member international locations’ wants. With a mission to turn into a catalyst for commerce improvement for OIC member international locations and past, the Company helps entities in member international locations achieve higher entry to commerce finance and offers them with the required trade-related capacity-building instruments, which might allow them to efficiently compete within the international market.
Contact Us
Twitter: @ITFCCORP
Fb: @ITFCCORP
LinkedIn: Worldwide Islamic Commerce Finance Company (ITFC)
E-mail: ITFC@itfc-idb.org
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