| The International Islamic Trade Finance Corporation (ITFC), an affiliate of the IDB Group, is making intense efforts to increase trade among members of the Organization of Islamic Cooperation (OIC) to 20 percent of their total trade by 2015. It has given $13 billion since 2008 to finance trade.
“This is the target set by the extraordinary Islamic summit held in Makkah on Dec. 7-8, 2005. Since then a lot of improvements have taken place in intra-OIC trade,” said Waleed Al-Wohaib, CEO of ITFC, adding that his organization had given $10 billion during the past three years to finance trade..............................................Full Article: Source |