Islamic Development Bank

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.

Two new initiatives by the Islamic Development Bank (IDB) will enable Turkey to have closer dialogue with emerging Islamic countries, Deputy Prime Minister Mehmet Şimşek said on Feb. 12.

Turkish Deputy Prime Minister Mehmet Şimşek signed two 20-year financing agreements worth around a total $567 million with the Islamic Development Bank (IDB) on Nov. 22, the Turkish Treasury said in a statement.

The Saudi-based Islamic Development Bank (IDB) is in talks with Turkey's main stock exchange Borsa Istanbul to buy a stake, the bourse's chairman told Reuters on April 19, adding that they wanted to complete the negotiations by the end of the year. 

The Islamic Development Bank (IDB) will seek a strategic stake in Turkey's main stock exchange and collaborate on developing a gold trading platform for use by majority-Muslim countries, part of a broad agreement signed on Nov. 23.

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

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.