International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) has emerged at the top of the Bloomberg 2021 Islamic Financing League Tables as the world leader as Bookrunner and Mandated Lead Arranger (MLA).
The Global Islamic Finance League 2021 charts published by Bloomberg showed that ITFC is the best bookrunner and MLA ahead of international and regional banks. The assessment recognizes the leading role of the Corporation in mobilizing resources globally from a wide range of investors and financial institutions for the financing needs of member countries of the Organization of the Islamic Cooperation (OIC) and demonstrates the market impact potential of ITFC’s funding model.
ITFC recorded a financing transaction volume of over US$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 Bloomberg 2021 Islamic Finance League Table as Lead Bookrunner and Mandated Lead Arranger. These rankings demonstrate the commitment of the ITFC team to be a catalyst for the development of trade among OIC member countries. Nurturing and financing trade development ultimately contributes to ITFC’s overarching goal of improving the socio-economic conditions of people across the world. Given how challenging 2021 has been for the global economy, we are extremely pleased that ITFC has continued to provide strong 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 trust and confidence in ITFC’s role in leading these many syndicated funding deals”.
The Bloomberg League Tables – published quarterly and annually – classify banks and financial institutions into different categories, namely arrangers, bookrunners, administrative agents and advisers for various transactions, including loans, bonds and activities mergers and acquisitions.
Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).
Contact:
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LinkedIn: International Islamic Trade Finance Corporation (ITFC)
About the International Trade Finance Corporation (ITFC):
The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IDB) Group. It was established with the main objective of advancing trade among the OIC member countries, which would ultimately contribute to the overriding objective of improving the socio-economic conditions of people across the world. Commencing its operations in January 2008, ITFC has provided more than $61 billion in financing to OIC member countries, making it the leading provider of business solutions for the needs of these member countries. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation assists entities in member countries to gain better access to trade finance and provides them with the necessary capacity building tools. trade-related capabilities, which would enable them to compete successfully. in the world market.
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