ITFC and FCI announce a virtual conference that will focus on the factors that drive socio-economic growth and stability.

The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank Group (IsDB) is partnering with FCI to host an online conference on Islamic International Factoring.

To be held on the 13th September from 11:00 AM to 01:30 PM KSA Time, the event will explore key topics including the benefits and principles of Islamic factoring. Keynote speakers include Mr. Peter Mulroy, Secretary General, FCI and Mr. Basel Al Hussain, ITFC Dubai Branch Manager who will share their perspective on Islamic factoring and what the implications are during present-day challenges imposed by the COVID-19 pandemic.

During the event, a panel discussion moderated by Mr. Cagatay Baydar, member of FCI Executive Committee and featuring panelists from Islamic members of FCI and ITFC will focus on diverse topics including unlocking the opportunities for growth with Islamic finance, innovative finance solutions for SMEs, financing chain through participation banking, and the benefits of Murabaha vs factoring. This will be followed by an interactive Q&A session to address practical applications of Islamic Factoring.

This virtual conference will gather participants from banks, financial institutions, factoring companies, international importers, and exporters as well as FCI members.