TWF has completed its first international Islamic finance transaction
20 Mart 2024
Türkiye Wealth Fund (TWF) has signed a $100 million Murabaha financing agreement with Sharjah Islamic Bank (SIB). This 3-year term agreement marks the first Islamic finance transaction for Türkiye Wealth Fund.
The transaction, which is the first mutual Murabaha financing provided to a sovereign wealth fund in the world, solidifies the confidence of international markets in the Turkish economy following the successful Eurobond issuance which was completed with a record-breaking demand in February.
Doğan Investment Bank acted as the financial advisor and coordinator for the transaction.