The International Islamic Barter Accounts Corporation (ITFC) was awarded the “Best Islamic Barter Accounts Institution 2018” at the 8th All-around Islamic Accounts Awards (GIFA).
The accolade commemoration was captivated in Sarajevo, Bosnia and Herzegovina, on Saturday.
The Accolade was accustomed by Hani Salem Son, CEO, ITFC, in the attendance of Bosnian President Bakir Izetbegovic.
Since its birth in 2008, ITFC, a affiliate of the Islamic Development Bank Group (IsDB), has risen to become one of the world’s best important facilitators of barter and costs in Organization of Islamic Cooperation (OIC) countries.
Commenting on the occasion, Son said: “ITFC is accustomed to acquire this accolade from GIFA, which comes at a momentous anniversary as we admire 10 years of development impact.
“The accolade is a validation of ITFC’s founding ethics of advancing barter and convalescent lives through Islamic barter finance. The acceptance underscores the ever-growing importance, appliance and activity of Islamic barter accounts in ascent aloft today’s all-around bazaar animation to do its allotment in facilitating a new era of all-around trade.”
Over the accomplished 10 years, ITFC has played a cardinal role in acknowledging its affiliate countries to admission barter accounts and actualize development appulse beyond a ambit of areas including bread-and-er growth, job creation, adolescence empowerment, abjection advancement and admission to electricity.
To date, ITFC has provided over $40.2 billion to accommodated its affiliate countries’ needs.
Almost 70 percent of its transaction aggregate went against acknowledging intra-regional barter amounting to $28.5 billion.
In band with its new action and to acknowledge to the needs of affiliate countries, ITFC in 2017 took above accomplish to enhance synergies amid barter accounts and barter development to accomplish ITFC’s three capital cardinal objectives of accretion intra-OIC trade, acknowledging the about-face action of affiliate countries’ economies and active all-around advance of Islamic finance.
GIFA 2018 presented awards in added than 60 categories to bless the success of institutions and individuals from about the apple who are charting new territories in Islamic barter and finance.
Accomplished GIFA laureates accommodate Djibouti President Ismail Omar Guelleh (2017) and Indonesian President Joko Widodo (2016), amid abounding added illustrious and notable apple leaders.
ITFC was accustomed for the purpose of advancing barter amid OIC affiliate countries, which would ultimately accord to the overarching ambition of convalescent socioeconomic altitude of the bodies beyond the world.
ITFC has circumscribed barter accounts businesses that acclimated to be handled by assorted windows aural the IsDB Group.
Earning the A1 appraisement by Moody’s reflects the corporation’s ability in account commitment by responding apace to chump needs in a market-driven business environment.
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