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Islamic Finance Briefing - Categorized | Banking, Performance more

ITFC supports intra OIC trade with more than $1.25 bln in H1

Posted on 13 August 2010

The International Islamic Trade Finance Corporation, ITFC, a member of the Islamic Development Bank Group, announced that it carried out 36 trade finance operations with a total value of $1.253 billion in favour of 16 countries during the first half of 1431 (2010).
Commenting on the results of the first half of 1431 (2010), Dr. Waleed Bin Abdul Mohsen Al-Wohaib, CEO ITFC, said: “These results reflect our continued efforts to advance trade by contributing to the development of markets and trading capacities to help member countries do business more effectively, in addition to being catalysts for economic solidarity, to facilitate and develop trade through the establishment of new trade links among the Organization of Islamic Conference (OIC) Member Countries”……………………………………….Full Press Release: Source

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