Turkcell Secures $150 Million Murabaha Financing from Dubai Islamic Bank to Support Infrastructure Expansion
Turkcell Chief Executive Officer Dr. Ali Taha Koç and Dubai Islamic Bank's Group Chief Executive Officer Dr. Adnan Chilwan • Photo Credit: Turkcell
ISTANBUL, May 26, 2025 (TECH INFO SCENE) — Technology and telecommunications company Turkcell has announced a USD 150 million Murabaha financing agreement with Dubai Islamic Bank PJSC to support infrastructure investments and strategic growth initiatives.
The agreement was formalized during a signing ceremony in Istanbul attended by Turkcell Chief Executive Officer Dr. Ali Taha Koç, Chief Financial Officer Kamil Kalyon, Dubai Islamic Bank Group Chief Executive Officer Dr. Adnan Chilwan, and Chief of Investment Banking Ali Ahmad.
The Murabaha financing—structured in accordance with Islamic interest-free principles—will be used to accelerate investments in data centers, cloud technologies, and renewable energy, alongside continued development of core telecommunications services such as mobile and fixed broadband.
“Our goal and priority is to bring the most innovative technologies to our country and to provide the highest quality service to our customers. This transaction, which is based on interest-free Murabaha principles, will accelerate our infrastructure investments and serve as a significant resource to support our long-term growth objectives. It also demonstrates the strong investor appetite for Turkcell in the Gulf region,” said Koç.
Dubai Islamic Bank Group CEO Dr. Adnan Chilwan also commented on the deal. “We are delighted to have closed another deal from a GCC bank today via a USD 150 million Murabaha financing facility. Türkiye is a key pillar of DIB's cross border strategy, as a part of which DIB is delighted to have supported Türkiye's leading technology and communications company in its growth plans. I am confident we will continue to build a strong partnership with more landmark transactions for Turkcell,” said Chilwan.
The company stated that the agreement expands its investor base and enhances its debt portfolio by combining conventional and Islamic financing with other instruments, including international bonds, development bank loans, and sustainability-linked financing. This approach is part of Turkcell’s broader strategy to maintain balance sheet strength and support long-term expansion.
For more information, visit www.turkcell.com.tr
