Middle East Daily
    Hot News
    Lifestyle

    Discover ‘Central Chidlom: The Store of Bangkok,’  a World-Class Luxury Shopping Experience for Middle Eastern Travellers

    Business

    AVEVA announces two new strategic partnerships at its biggest ever AVEVA World Conference

    Business

    POCO F7 Series: Unleashing Unstoppable Power in the UAE!

    Important Pages:
    • Privacy Policy
    • Terms & Conditions
    Facebook Twitter Instagram Pinterest
    • Privacy Policy
    • Terms & Conditions
    Saturday, June 28
    Facebook Twitter
    Middle East Daily
    • Home
    • News

      Ajman Transport Authority Announces Launch of Taxi-Hailing Service via The “Yango” App

      Oman’s finance and leasing sector supports economic diversification under Vision 2040

      Shared vision for mobility, motorsport boosting UAE’s trading partnership with Japan – Ben Sulayem

      The UAE Lottery announces membership in the World Lottery Association

      Grab 15% off with Jazeera Airways J9PAYDAY

    • Business

      Oman’s finance and leasing sector supports economic diversification under Vision 2040

      EToro launches target-date portfolios in partnership with Franklin Templeton

      The Arab Energy Fund successfully prices its inaugural landmark 3-year USD bond

      Du and China Mobile International explore 5G Advanced connectivity for metro projects

      Endava launches global advisory board amid AI-driven transformation

    • Technology

      Ajman Transport Authority Announces Launch of Taxi-Hailing Service via The “Yango” App

      Du and China Mobile International explore 5G Advanced connectivity for metro projects

      QIB launches the QIB Junior App, Qatar’s first figital banking experience for Kids and Teens

      CASIO Middle East & Africa Marks Six Decades of Calculator Legacy

      RM of BTS Becomes Samsung Art TV Global Ambassador

    • Lifestyle

      The UAE Lottery announces membership in the World Lottery Association

      Grab 15% off with Jazeera Airways J9PAYDAY

      CASIO Middle East & Africa Marks Six Decades of Calculator Legacy

      RM of BTS Becomes Samsung Art TV Global Ambassador

      Solena The Orchard Place, Dubai’s Premier European-inspired community with a GDV of AED850mln

    Breaking News:
    • Ajman Transport Authority Announces Launch of Taxi-Hailing Service via The “Yango” App
    • Oman’s finance and leasing sector supports economic diversification under Vision 2040
    • Shared vision for mobility, motorsport boosting UAE’s trading partnership with Japan – Ben Sulayem
    • EToro launches target-date portfolios in partnership with Franklin Templeton
    • The Arab Energy Fund successfully prices its inaugural landmark 3-year USD bond
    • Du and China Mobile International explore 5G Advanced connectivity for metro projects
    • Endava launches global advisory board amid AI-driven transformation
    • QIB launches the QIB Junior App, Qatar’s first figital banking experience for Kids and Teens
    Middle East Daily
    Home » DIB Signs USD 150 Million Murabaha Deal with Turkcell to Accelerate Türkiye’s Tech Transformation
    Business

    DIB Signs USD 150 Million Murabaha Deal with Turkcell to Accelerate Türkiye’s Tech Transformation

    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp

    Dubai, UAE –May 2025: DIB, the world’s first Islamic bank and the largest in the UAE, has signed a USD 150 million Murabaha financing agreement with Turkcell, Türkiye’s leading telecommunications and technology services provider. The facility will support Turkcell’s ongoing investments in digital infrastructure and further reinforces DIB’s commitment to enabling growth in high-potential markets. As one of the most prominent Islamic financial institutions in the GCC, the Bank continues to foster cross-border partnerships that drive sustainable, innovation-led development.

    Structured as a five-year bullet-term facility, the Sharia-compliant financing will enable Turkcell to advance critical infrastructure in areas such as data centres, cloud technologies, and renewable energy—further solidifying Turkcell’s role as a leading force in Türkiye’s evolving digital economy.

    Dr. Adnan Chilwan, Group Chief Executive Officer of DIB, commented: “At DIB, we have long believed that banking goes beyond funding, we drive transformation. This partnership with Turkcell is not merely about leveraging our balance sheet; it is about enabling the organisation to unleash its true potential. Türkiye represents a market with vision, scale, and ambition, an economy investing heavily in the infrastructure of tomorrow, and a natural partner in our cross-border strategy.”

    Dr. Chilwan added: “As the UAE’s largest Islamic bank, our role increasingly lies in establishing and shaping meaningful connections between geographies, sectors, and the players within. We see Islamic finance as a bridge, one that supports real economies while remaining true to the principles of ethical finance. With this facility, we are supporting a business that understands the future: digital, decentralised, and inclusive essentially, a future that DIB fully believes in.”

    The deal also strengthens financial and commercial connectivity between the UAE and Türkiye, while offering Turkcell increased access to Islamic financial mechanisms and structures—particularly as it accelerates investment into strategic and sustainability-linked technologies.

    Dr. Ali Taha Koç, Chief Executive Officer of Turkcell, said: “As Türkiye advances towards a more digital and data-driven economy, our focus remains on building the infrastructure that supports this evolution. Partnering with a trusted institution like DIB, with its strong regional presence and deep-rooted values, brings both credibility and strategic alignment. This facility is not just timely— it lays a strong foundation for our growth journey in the years ahead.”

    The agreement was formalised at a high-level signing ceremony in Istanbul, attended by senior leadership from both organisations, led by Dr. Adnan Chilwan and Dr. Ali Taha Koç.

    This agreement reflects DIB’s strategic approach to financing the sectors and institutions shaping the next phase of economic growth. With a clear focus on long-term value, the Bank continues to enable real-world impact by backing businesses that are building the digital, sustainable, and resilient foundations of tomorrow’s economies.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    News

    Ajman Transport Authority Announces Launch of Taxi-Hailing Service via The “Yango” App

    Business

    Oman’s finance and leasing sector supports economic diversification under Vision 2040

    News

    Shared vision for mobility, motorsport boosting UAE’s trading partnership with Japan – Ben Sulayem

    Business

    EToro launches target-date portfolios in partnership with Franklin Templeton

    Business

    The Arab Energy Fund successfully prices its inaugural landmark 3-year USD bond

    Business

    Du and China Mobile International explore 5G Advanced connectivity for metro projects

    Business

    Endava launches global advisory board amid AI-driven transformation

    Business

    QIB launches the QIB Junior App, Qatar’s first figital banking experience for Kids and Teens

    Follow Us
    • Facebook
    • Twitter
    Top Posts
    Business

    10 Korean STEM Fellows Engage with UAE National Experts on Future Cooperation

    Abu Dhabi, May 14, 2025 – South Korea and the United Arab Emirates (UAE) brought…

    Lifestyle

    Alef Group Partners with Sharjah Charity to Host Ramadan Donation Campaign to Support Health and Education

    Alef Group, the leading real estate and retail developer in the Emirate of Sharjah, has…

    Business

    CarbonSifr and Emirates Nature-WWF Unveil Strategic Collaboration Advancing Eco-Innovation in the UAE

    ● Alliance between the two climate action leaders to deepen public awareness around carbon footprints…

    Lifestyle

    SPRING FESTIVITIES: HANAMI AND RAMADAN CELEBRATIONS AT KATSUYA DUBAI 

    Katsuya Dubai is all set to celebrate the arrival of spring with dining experiences that…

    Business

    Fences come down for businesses in Dubai free zones

    Businesses operating in Dubai’s free trade zones will be able to expand their activities into…

    Welcome to Middle East Daily, your daily dose of news and insights from the heart of the Middle East. Explore the latest headlines, delve into thought-provoking analysis, and engage with stories that define our region's narrative.

    Facebook Twitter
    Categories
    • Business (280)
    • Lifestyle (116)
    • News (124)
    • Technology (76)
    Top Insights
    Lifestyle

    Happy Hump Day! The Croft Introduces Wings Wednesdays For The Perfect Midweek Treat

    Business

    Museum of the Future hosts Audi’s iconic S1 e-tron quattro Hoonitron – a race car like no other

    © 2025 Middle East Daily.
    • Home
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.