This BLOG will also follow up on "Islamic trade finance". This item often gets neglected, but will proof to be of big importance for the Indonesian Islamic banks in the years to come.
The Indonesian Islamic banks are therefor invited to keep us updated on any remarkable deals. 2009 was a successful year for the Islamic Trade Finance Corporation ITFC ( a division of the Islamic Development Bank IDB) and especially the deal with Angels Products Sugar Refinery in Banten-Indonesia got a lot of international attention.
PT ANGELS PRODUCTS – INDONESIAThe International Islamic Trade Finance Corporation (ITFC) inherited the pioneering mantle of its trade finance expertise and its application of innovative Islamic finance products developed over a period of more than 30 years to develop markets and trading capacities to help the member countries of the Organization of the Islamic Conference (OIC) do business more effectively amongst themselves and with the rest of the world. This savoir-faire, positions ITFC at the forefront of international trade finance and as a vehicle for enhancing economic development.
