Dear Member,

We would like to inform you that the International Islamic Trade Finance Corporation (ITFC) is advancing trade to improve the economic situation and livelihoods of people across the Islamic world. As an autonomous entity within the Islamic Development Bank (IDB) Group, the ITFC was formed to merge the trade finance business that was formerly undertaken by various windows within the IDB Group. This consolidation under a single umbrella increased the efficiency of service delivery and enabled the ITFC to rapidly respond to customer needs in a market-driven business environment. A dedicated Structured Trade Finance Unit (STFU) has recently been established in ITFC to design and present a large panel of alternative, innovative, efficient, cost effective, customized risk-mitigated structured trade finance solutions to potential OIC member countries’ business entities (i.e. producers, exporters, importers, traders) both in the public and private sectors.

The ITFC’s STF scheme not only benefits the producers but also the traders and financial institutions involved in trade financing and can be applied across part or the whole commodity trade value chain: from local producers to distributors or processors, and more particularly, the traders who buy and deliver commodities in the international and domestic markets. For detail information kindly visit their website; http://www.itfc-idb.org/ and also ITFC brochures pertaining to their trade finance solutions are herewith enclosed for your reference.

ITFC is seeking our support to provide them with the following information in order that it may approach them who are interested to receive financing.  You are requested to kindly supply us with the following information that are available at your end for onward transmission to IFTC:

•    Main 10 exported goods and commodities and respective markets (any subsidies)
•    Main 10 imported goods and commodities and respective markets
•    Prices, volumes and denominated currencies for those exports & imports
•    Any other strategic commodities
•    List of the 10 main corporations involved with those operations
•    Tenure of the operations and credit support needed
•    Availability of an Export Credit Agency (ECA) to support strategic exports
•    Insurance companies for trade deals and their ratings (if any)
•    Restrictions, if any, for foreign exchange (Forex regulations)
•    Usual bank payments mechanisms (Letters of Credits, Documentary Collection, open account, etc.

Interested Entrepreneur/businessmen may contact ITFC for possible financing at the following address with intimation to ICCI.

Mr. Br. Mamadou Diop
IDB/ITFC
Jeddah, Kingdom of Saudi Arabia
Tel: (+966 2) 646 7008,
Fax: (+966 2) 637 1064
E-mail: MDDiop@itfc-idb.org

Yours sincerely,


Majid Shabbir
Secretary General