ITFC seals $8mln #Murabaha financing facility with #Uzbekistan's Trustbank
The International Islamic Trade Finance Corporation (ITFC) signed an $8 million worth of Murabaha-structured line of trade finance with Uzbekistan's Trustbank. The financing aims to minimise the impact of COVID-19 by supporting the import and pre-export financing needs of small and medium-sized enterprises (SMEs) in the country. ITFC CEO Hani Salem Sonbol said this operation is in addition to five other lines of finance in favour of local banks in Uzbekistan since 2018, and reflects the ITFC’s unbending commitment to the nation of Uzbekistan.
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