IslamicFinance.de

The Saudi-based International Islamic Trade Finance Corp (ITFC) plans to launch a $300 million fund alongside U.S. fund manager Federated Investors. The sharia-compliant fund is expected to launch later this year and would invest in energy-related structured trade, supply chain financing and project finance assets of sovereign entities. The fund will be managed by ITFC with input from Federated Investors. The two firms have worked together on Islamic trade finance transactions since 2014.