Turkcell secures $150 million Murabaha financing from Dubai Islamic Bank to fund infrastructure investments in data centres, cloud, and renewable energy. The deal diversifies financing sources and attracts Gulf investors, supporting Turkcell’s long-term growth and financial resilience.
The 19th IsDB Global Forum in Algiers focused on digital transformation and financial inclusion in Islamic finance. Key initiatives like the Medikids Project and AI Hackathon highlighted innovation, while discussions emphasized fintech, Sukuk, and sustainable development’s role in advancing the $4+ trillion Islamic finance industry.
Saudi Awwal Bank and United Pharmaceuticals have completed Saudi Arabia’s first digital Islamic supply chain finance transaction. The initiative streamlines payments and enhances working capital management for suppliers through a Shariah-compliant, automated platform. This marks a significant step in integrating Islamic finance and digital transformation in the Kingdom.
Abu Dhabi Islamic Bank Egypt (ADIB) has announced an EGP 1 billion investment in technology and cybersecurity. The bank showcased its digital banking innovations and Islamic Sharia-compliant products at the Cairo ICT Exhibition. Subsidiaries like “Taka” and Arzaq also participated, highlighting advancements in consumer finance and microfinance.
