IsDB Group Private Sector Profile FY 2020 - page 7

ITFC – THE LEADING ISLAMIC TRADE FINANCE INSTITUTION
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 OIC Member
Countries, which would ultimately contribute to the
overarching goal of improving socioeconomic conditions
of the people across the world. Commencing operations
in January 2008 (Muharram 1429H), ITFC has since
consolidated all trade finance businesses that used to
be handled by various windows within the IsDB Group.
Earning the A1 rating by Moody’s is a reflection of the
Corporation’s creditworthiness and financial strength to
responding swiftly to customer needs in a market-driven
business environment.
Since 2008, ITFC has provided more than US$51 billion
to OIC Member Countries, making it the leading
provider of trade solutions for the Member Countries’
needs. With a mission to become a catalyst for trade
development for OIC Member Countries and beyond,
the Corporation helps entities in Member Countries gain
better access to trade finance and provides them with
the necessary trade-related capacity building tools,
which would enable them to successfully compete in
the global market.
MISSION
ITFC is the leading provider of trade solutions for OIC
Member Countries' needs
VISION
ITFC is a catalyst for trade development among OIC
Member Countries and beyond
ITFCTrade Approvals by Sector (US$ Mil.)
ADVANCINGTRADE AND IMPROVING LIVES
Sectors
2018 Actual
% 2019 Actual
%
3,496.0
749.6
635.8
319.5
67.2
14.4
12.2
6.1
76.1
9.7
11.6
2.6
4,449
565
677
150
Energy Sector
Food & Agriculture Sector
Financial Sector
Other Sectors
ITFCTrade Approvals by Region (US$ Mil.)
Sectors
2018 Actual
% 2019 Actual
%
3,353.0
1,847.8
5,200.8
4,578.0
64
36
100
65
35
100
3,809
2,032
5,841
4,977
Asia & Middle East
Africa & Latin America
Total Approvals
Total Disbursements
1,2,3,4,5,6 8,9,10,11,12,13,14,15
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