Dubai Islamic Bank (DIB), the UAE’s largest Islamic bank and the world’s first full-service Sharia-compliant financial institution, has extended a $150 million Islamic loan to Turkcell, Turkey’s leading telecommunications company. The funding will be used to develop key digital infrastructure and accelerate investments in renewable energy.
The five-year Murabaha facility will finance Turkcell’s growth in data centers, cloud technologies, and sustainable energy solutions, aligning with the company’s strategy to strengthen its tech backbone while fostering environmental sustainability.
Strengthening Bilateral Investment Through Islamic Finance
The deal underscores growing financial ties between the Gulf and Turkey, especially in the technology and energy sectors. By leveraging a Sharia-compliant structure, the partnership supports both ethical banking and cross-border infrastructure development.
Ali Taha Koç, CEO of Turkcell, said the agreement marks a pivotal milestone:
“This strategic transaction not only accelerates our infrastructure expansion but also opens the door to new investment opportunities from Gulf-based partners.”
The partnership allows Turkcell to tap into a diverse capital base while reinforcing its role in Turkey’s digital transformation. It also highlights the appeal of Islamic finance as a viable model for sustainable development.
DIB’s Expanding Global Influence
Dubai Islamic Bank’s financing deal comes on the heels of its robust financial performance for the fiscal year ending March 31, 2025. As the bank continues to expand its global portfolio, strategic deals like this one with Turkcell reflect its commitment to supporting international growth in sectors aligned with future-ready technologies.
By facilitating large-scale, ethical investments in digital infrastructure, DIB strengthens its regional leadership in Islamic finance while enhancing its footprint in high-growth international markets.
