ITFC: More than $96 billion directed to support trade in OIC countries

The International Islamic Trade Finance Corporation (ITFC) has approved more than $96 billion in trade financing for member states of the Organization of Islamic Cooperation since its establishment in 2008.

According to Report, speaking at a panel session during the annual meeting of the Islamic Development Bank Group in Baku, ITFC Chief Executive Officer Adeeb Yousuf Al Aama said the corporation approved $9.35 billion in trade financing in 2025 alone.

According to Al Aama, approximately $8 billion of that amount was directed toward supporting trade among OIC member countries.

"Nearly one-third of our financing is allocated to the least developed countries," he noted.

The ITFC chief emphasized that the corporation's activities are based on the principles of Islamic finance and focus on supporting the real economy, ensuring fair risk-sharing, and promoting sustainable development.

Al Aama also highlighted ITFC's ability to rapidly mobilize resources through an extensive network of partnerships with international financial institutions and banks.

According to him, every dollar provided by the corporation helps attract around two additional dollars in external financing, significantly expanding support for trade and investment across member countries.