Tawreeq Holdings, a pioneer for Sharia-compliant Supply Chain Finance (SCF) solutions, is now a proud member of the Institute of International Finance (IIF), a world renowned global association of the financial industry.
With close to 500 members and spanning over 70 countries, the Institute of International Finance is the leading voice for financial services industry on global regulatory issues that aims to foster global financial stability and sustainable economic growth.
The mission of the Institute of International Finance lies parallel with Tawreeq’s vision of being a facilitator of regional trade growth and development, particularly with its global outreach. Tawreeq Holdings is already a member of the recently merged Factors Chain International (FCI) and International Factors Group (IFG), the International Factoring Association (IFA) and the International Trade and Forfaiting Association (ITFA). The additional membership with the Institute of International Finance enforces Tawreeq’s ambition to contribute effectively in promoting and stimulating domestic economic growth, and fostering international trade relationships, especially in the region where Sharia-compliant products are a gap in the liquidity market.
‘SMEs are the cornerstone to vital economic growth in the region, and liquidity and capital management are critical problems for SMEs. By developing alternate solutions, we aim to tackle these obstacles in order to bridge that credit gap in the region. Joining the Institute of International Finance can provide us with an influential platform where we can help trade alliances to flourish in the region to promote overall economic growth.’ Said Haitham Al Rafaie, Tawreeq Holdings Chief Executive Officer.
Tawreeq Holdings provides comprehensive supply chain finance solutions to help small and medium sized enterprises (SMEs) resolve their cash flow problems especially during turbulent times in the region. The novel Sharia-compliant trade receivables securitization platform makes Tawreeq the innovator in the industry, providing the much needed support required by SMEs to grow.