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Islamic bank, Türk Eximbank ink $100 mln deal to aid SMEs

The Islamic Development Bank (IsDB) and Türk Eximbank signed a syndicated murabaha (interest-free) deal of $100 million to finance small and medium-sized enterprises (SMEs), and middle capitalization companies (MidCaps) in Turkey.

"The Murabaha Facility has a total tenor of ten years, which demonstrates IsDB’s commitment to support sustainable development of Turkey," the IsDB announced on May 6.

It noted: "The new facility is built upon the success of $270 million line of financing which had been extended by the IsDB to Turkish firms via Türk Eximbank."

Continue Reading: https://www.hurriyetdailynews.com/islamic-bank-turk-eximbank-ink-100-mln-deal-to-aid-smes-154544