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Turkey Wealth Fund announces: $100 million murabaha secured

The Turkey Wealth Fund has announced that it has secured a murabaha financing agreement worth $100 million with Sharjah Islamic Bank.

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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"



News Source: 12punto

Turkey Wealth Fund investment Sharjah Islamic Bank