The Islamic Development Bank

Turk Eximbank is making significant strides in interest-free banking to better support exporters, with General Manager Ali Güney announcing plans to diversify the bank's financing and insurance products in line with interest-free banking principles.

"Our goal is to increase the share of interest-free banking products in Eximbank's support to 10% in the first phase," Güney stated.

Finance Minister Mehmet Şimşek will be in the United States this week for G20 and World Bank meetings, and he is also expected to meet with investors during his visit.

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.

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 Islamic Development Bank (IsDB) and Islamic Solidarity Fund for Development (ISFD) will hold a meeting to tackle poverty beginning next week, the groups said Aug. 30.

Turkey and the Islamic Development Bank (IsDB) Group enjoy "a very strong partnership," the group's president said.

The development model of the Muslim world, which currently heavily relies on state institutions, must be changed, the president of the Islamic Development Bank (IsDB) said on April 4.