The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has signed a $513 million Syndicated Murabaha Financing Facility with the Islamic Republic of Pakistan, represented by the Ministry of Economic Affairs, to support the country’s critical energy sector needs.
The signing ceremony was witnessed by Dr. Muhammad Al-Jasser, President of the Islamic Development Bank (IsDB), and the agreement was signed by Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, and Dr. Kazim Niaz, Federal Secretary for Economic Affairs, on behalf of the Government of Pakistan.
This milestone marks the largest syndicated financing arranged by the International Islamic Trade Finance Corporation (ITFC) for Pakistan in the past three years. The facility reached a total of $513 million and was significantly oversubscribed. The final amount raised was more than double the original target, a strong indication of robust investor interest and confidence.
The proceeds of the financing will be used for the import of crude oil, petroleum products, and liquefied natural gas (LNG) to meet Pakistan’s energy needs.
According to the statement, this milestone facility stands as the largest syndicated operation led by ITFC for Pakistan in recent years, with the final amount raised being more than double the initial target, underscoring the strong confidence and demand from the market.
This latest financing reflects ITFC’s continued efforts to provide impactful, Shari’ah-compliant trade solutions that address the urgent needs of member countries. By supporting Pakistan’s energy sector, the facility contributes to broader goals of economic stability, sustainable development, and enhanced trade integration across the OIC region.
