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IsDB signs Mudaraba trade agreement with ITFC

08 April 2008

Read more: Islamic trade finance Mudaraba ITFC IDB ISDB

The Islamic Development Bank (IsDB) has signed a Mudaraba agreement with the newly-formed International Islamic Trade Finance Corporation (ITFC) to establish a $1 billion fund, by which the ITFC will act as Mudareb (manager) of the fund on behalf of the IsDB, the fund provider.

The purpose of the fund is to support the ITFC's trade finance operations and further develop...

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