Islamic finance

May 17, 2017

1

Islamic Finance Body Grants $450m for Socioeconomic Development in Burkina Faso

The International Islamic Trade Finance Corporation (ITFC) has signed a three-year $450 million framework agreement with the Government of Burkina Faso for socioeconomic development in the country.

Founded in 2008, the ITFC is an autonomous entity within the Islamic Development Bank Group that advances trade to improve socioeconomic conditions of the people across the Islamic world. It has provided more than $770 million to Burkina Faso since inception.

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May 13, 2017

2

TSYS Signs Payments Agreement with QIIB 

(ME NewsWire)-- TSYS (NYSE: TSS) announced today that it has signed an agreement with Qatar International Islamic Bank (QIIB) to license PRIME 4, the latest version of TSYS’ future-focused PRIME payment solutions platform.

QIIB is an award-winning Islamic bank that will leverage PRIME as a consolidation platform to manage all of its card issuing and multi-channel acquiring. By migrating to PRIME,"...

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