Doğan Investment Bank facilitates the inaugural International Islamic Financing of Türkiye Wealth Fund, debut Murabaha financing from Sharjah Islamic Bank.

Doğan Investment Bank acted as the financial advisor and coordinator for the USD 100 million Islamic financing facility agreement between Türkiye Wealth Fund (TWF) and Sharjah Islamic Bank (SIB). The transaction marks the first bilateral Murabaha financing provided by Sharjah Islamic Bank to a sovereign wealth fund in the world.

The 3-year term international Islamic financing by the TWF is a significant milestone in the fund’s strategy towards diversification of its funding sources.

Arda Ermut, CEO and Board Member of TWF commented on the transaction, stating, “Through this transaction, conducted for the first time on behalf of TWF, we highlight our mission to support improvement and deepening in financial markets, as well as our vision for sustainable development. As TWF, we continue our efforts for our country to become a significant player in Islamic finance, diversifying instruments in this field, and build a prosperous cycle. We sincerely thank all stakeholders involved in this process.”

CEO of Sharjah Islamic Bank Mohamed Abdalla stated, “We are delighted to support Türkiye by providing a bilateral murabaha financing for a sovereign wealth fund for the first time globally. It reflects our confidence in Türkiye and will contribute immensely to increase the depth of international Islamic financing opportunities in the country. This collaboration demonstrates our commitment to work with strategic counterparties in countries like Türkiye.”

CEO of Doğan Investment Bank Hulusi Horozoğlu expressed, “We are very proud to facilitate this landmark transaction between Türkiye Wealth Fund and Sharjah Islamic Bank. We are delighted to contribute to Turkish economy through various international sources, instruments and facilities. We are committed to continue providing solutions and adding value to our customers and the Turkish economy through innovative financing products and investment banking services, leveraging our strong relationship with regional and international investors.”

This landmark transaction also stands as a testament to the confidence in the Turkish economy and economic policies.