Baku: The International Islamic Trade Finance Corporation (ITFC) has reported a remarkable achievement of providing a total of $96 billion in financing since the inception of its operations. ITFC Chief Executive Officer Adeeb Yousif Al Aama announced this milestone at the Private Sector Forum, held as a part of the Islamic Development Bank Annual Meetings in Baku.

According to Azeri-Press News Agency, the ITFC approved trade financing worth $9.35 billion in 2025 alone. Of this substantial amount, $8 billion was specifically allocated to facilitate trade among countries within the Organization of Islamic Cooperation. The funds are strategically directed towards countries that require them the most, with approximately one-third allocated to the least developed countries in the group.

Al Aama highlighted the ITFC's significant progress in mobilizing and channeling financing efficiently. He emphasized that the ITFC has successfully cultivated multifaceted partnerships with development institutions and financial organizations globally. For every dollar invested by the ITFC, an additional $2 is attracted from external sources. Since 2008, roughly $60 billion of the total financing provided by the ITFC has been sourced externally, enabling the organization to extend its reach beyond its balance sheet and offer financing on a larger scale. This approach is a defining feature of the ITFC's trade finance model.