IslamicFinance.de

The International Islamic Trade Finance Corporation (ITFC) has approved a Murabaha Financing of EUR 8 million for the Senegalese bank Banque Islamique du Sénégal (BIS). The Murabaha facility is expected to support around 1,000 jobs within the private sector, including companies in food and distribution. The swift disbursement of this financing by ITFC has enabled local private companies to procure urgent food staples, and support national response efforts to ensure food security.