The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) topped the Bloomberg 2021 Islamic Financing League rankings as a global leader as Bookrunner and Chief Mandate Organizer (MLA ).
The 2021 World Islamic Funding League tables released by Bloomberg showed the ITFC to be the top bookrunner and the top MLA before international and regional banks. The evaluation recognizes the Company’s leading role in mobilizing resources globally from a wide range of investors and financial institutions for the financing needs of member countries of the United Nations. Islamic Cooperation (OIC) and demonstrates the potential for market impact of ITFC’s funding model.
ITFC has recorded a financing transaction volume of over $ 5.23 billion globally, covering a market share of 21.2% as bookrunner and 18.6% as MLA .
Commenting on the ranking, ITFC CEO, Eng. Hani Salem Sonbol said, “We are honored to be ranked at the top of the 2021 Bloomberg Islamic Finance Rankings as Bookrunner and Lead Organizer. These rankings demonstrate the ITFC team’s commitment to be a catalyst for the development of trade among the OIC member countries. Nurturing and financing trade development ultimately contributes to ITFC’s overall goal of improving the socio-economic conditions of people around the world. Given that 2021 has been a difficult year for the global economy, we are extremely pleased that ITFC has continued to provide important strategic support to our member countries in this difficult environment and we look forward to 2022 with great optimism. For this important milestone, I would like to express my sincere thanks and gratitude to our union partners for their continued confidence in the role of ITFC in leading these many union funding agreements ”.
The Bloomberg League Tables – published quarterly and annually – classify banks and financial institutions, into different categories, namely arrangers, bookkeepers, administrative agents and advisers across various transactions, which include loans, bonds and merger and acquisition activities.
Distributed by APO Group on behalf of the International Islamic Trade Finance Corporation (ITFC).
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About the International Trade Finance Corporation (ITFC):
The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank Group (IDB). It was established with the main objective of advancing trade among the OIC member countries, which would ultimately contribute to the overall objective of improving the socio-economic conditions of people all over the world. Starting its operations in January 2008, ITFC has provided more than US $ 61 billion in financing to OIC member countries, making it the leading provider of business solutions for the needs of these member countries. With the mission of becoming a catalyst of trade development for OIC member countries and beyond, the Company assists entities of member countries to gain better access to trade finance and provides them with the necessary tools for strengthening trade. trade-related capabilities, which would enable them to compete successfully. in the world market.
© Press release 2021