Turkcell secures $150m Murabaha facility from Dubai Islamic Bank
Türkiye-based telecom operator Turkcell has secured a $150 million Shariah-compliant Murabaha financing facility from Dubai Islamic Bank PJSC to support its infrastructure projects and funding diversification strategy.
The five-year deal was signed in Istanbul and will be used to finance investment in digital infrastructure, including data centers, cloud services, and renewable energy, according to a company statement released on Monday.
The financing is part of Turkcell’s broader efforts to expand access to Islamic capital markets and diversify its debt portfolio. The company said it is utilising a mix of conventional and Islamic instruments, along with local and international debt sources.
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Muhammad Ali Bandial