Turkcell Secures $150M Murabaha Financing from Dubai Islamic Bank

Turkcell, Türkiye's leading telecom and technology company, secured $150 million in Murabaha financing from Dubai Islamic Bank to accelerate its infrastructure investments and support long-term growth objectives. This five-year, interest-free Islamic finance deal reflects Turkcell's commitment to sustainable growth and expanding partnerships in the Gulf region. The financing will aid strategic investments in data centers, cloud technologies, and renewable energy, enhancing Turkcell's core telecommunications services. By integrating both conventional and Islamic financial instruments, including bond issuances and sustainability-linked funding, Turkcell aims to strengthen its financial foundation and balance sheet management. Turkcell CEO Ali Taha Koç highlighted that this agreement broadens the company's investor base while underscoring its global credibility and strategic focus on innovation. Dubai Islamic Bank's CEO expressed confidence in the partnership, emphasizing its importance for both parties' sustainable growth.