Islamic Development Bank

Türkiye, IsDB sign $200 mln deal for quake recovery

The Development and Investment Bank of Türkiye (TKYB) and the Islamic Development Bank (IsDB) Group has signed a $200 million financing agreement to support Türkiye's post-earthquake recovery efforts.

Deputy Treasury and Finance Minister of Osman Çelik and Muhammad Al Jasser, the president of the IsDB witnessed the signing of the landmark financing deal in Istanbul on Dec. 5.

Aktif Bank starts to operate in Islamic leasing in Turkey with key partners

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB); Aktif Bank, the largest privately-owned Investment Bank in Turkey; and Ijara Management Company (IMC), a specialized company offering comprehensive solutions for new and existing Islamic leasing (Ijara) companies, have signed an agreement to collaborate as

Turkey ready to put up capital for Islamic megabank: Deputy PM Babacan

Deputy Prime Minister Ali Babacan has said Turkey, Indonesia and the Islamic Development Bank have accelerated their efforts to establish a "megabank" with the aim of creating a platform to serve as a "central bank" for the world's Islamic lenders, as reported by Reuters.