International Islamic Trade Finance Corporation (ITFC) Partners Forum highlights

JEDDAH, Kingdom of Saudi Arabia, December 9, 2019/ -- The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank Group (IsDB), successfully concluded its Partners Forum 2019: Investing for Impact, which was held on the 5th December in Jeddah, Kingdom of Saudi Arabia.

Hosted at the Ritz Carlton Hotel, under the auspices of H.E Dr. Bandar Hajjar, President of the Islamic Development Bank Group (IsDB), the one-day event provided delegates with an opportunity to better understand how Islamic Finance across the globe is increasing trade and improving lives, contributing to the United Nation’s Sustainable Development Goals.

ITFC CEO Eng. Hani Salem Sonbol steered far reaching discussions with key partners who assist ITFC in achieving its mission as the preferred provider of trade solutions across the Islamic world. In his opening speech, he reflected on the scale of the ITFC’s developmental impact, highlighting how, “In just 11 years, ITFC has provided $50 billion worth of trade financing in more than 750 financing transactions to all types of clients in member countries. These range from sovereign, public and government-related entities and financial institutions; to banks, private-sector corporations, and SMEs. These investments are improving the lives of people from all walks of life - farmers, workers, traders and poverty-stricken people in 51 members countries in Middle East, North Africa, Sub-Sahara Africa, South-Asia and CIS Regions. It is a record that our Partners should be proud of.”