IFLR1000

Türk Eximbank $270 million mudaraba facility from IDB

30/12/2015
Mudarabah
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$ 270 million

Completed

30/12/2015

Overview:

  • Türk Eximbank - the Turkish national export and import bank - secured a $270 million mudaraba (trust financing contract) facility from the Islamic Development Bank.
  • This is a rare example of an Islamic finance facility in Turkey.

Jon Moore - Journalist

Jurisdiction:

Türkiye

Deal type:

Mudarabah

Practice area:

Islamic finance

Governing law:

Turkey

Industry sector:

Banking

Firm:
Paksoy

Party: Islamic Development Bank (IDB) (Lender)

Lawyer: Sera Somay

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