Turkey Wealth Fund announces: $100 million murabaha secured

The Turkey Wealth Fund (TWF) announced on its X account that it has secured $100 million in murabaha financing from Sharjah Islamic Bank (SIB).

According to the statement made by the TWF, this 3-year agreement marks the Turkey Wealth Fund's first Islamic financing transaction.

Doğan Investment Bank served as the financial advisor and coordinator for the transaction. 

The post shared by the TWF on its X account is as follows:

"The Turkey Wealth Fund has concluded a $100 million murabaha financing agreement with @shjislamicbank. This agreement marks the fund's first Islamic financing transaction. @DYBankasi served as the financial advisor and coordinator for the transaction"

Türkiye Varlık Fonu, @shjislamicbank ile 100 milyon dolarlık murabaha finansman anlaşması gerçekleştirdi. Bu anlaşma, fonun ilk İslami finansman işlemi olma özelliğini taşıyor.
İşlemde @DYBankasi, finansal danışman ve koordinatör olarak yer aldı.https://t.co/gRaEGQJXes

— Türkiye Varlık Fonu (@trwealthfund) March 20, 2024

News Source: 12punto