MEEZAN Bank announces partnership with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, under the ITFC Letter of Credit Confirmation product, as per a press release.

This product facilitates trade flow by allowing exporters and issuing banks to gain assurance from ITFC to secure payment and thus eliminate credit risks. It will support private sector clients, including small and medium enterprises, by working with local banks in Organisation of Islamic Cooperation member countries to facilitate various import transactions. •