Lenders pledge support to Turkish SMEs

By Mariam Meskin
21 Aug 2019

Albaraka Turk Participation Bank and the Islamic Development Bank have signed a $40m Islamic financing facility to support small and medium enterprises in Turkey.

The murabaha financing facility was signed last month by Albaraka Turk Participation Bank, the Turkish branch of Bahraini Islamic Banjk, Al Baraka, and the private sector branch of the Islamic Development Bank Group, the Islamic Corporation for the Development of the Private Sector. 

Melikşah Utku, general manager of Albaraka Turk ...

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