“Dubai Islamic” signs a $ 150 million financing agreement with “Texle”

Dubai Islamic Bank announced the signing of a $ 150 million murabaha financing agreement with the company “Tuxal” operating in the field of integrated telecommunications services and digital technology solutions in Türkiye.
The agreement aims to support the continuous investment projects of “Tuxal” in order to advance digital infrastructure, reflecting the “Dubai Islamic” commitment to accelerate the wheel of growth in high -capabilities markets.
Dubai Islamic stressed that, as one of the most prominent Islamic financing institutions in the Gulf Cooperation Council countries, he continues its efforts and efforts to encourage cross -border partnerships with the aim of stimulating sustainable and focused on innovation.
According to yesterday’s statement, this financing agreement, which is compatible with the provisions of Islamic Sharia, has been structured to be presented in the form of five -year financing facilities, which will enable the “Tuxal” company to develop vital infrastructure in several areas, such as data centers, cloud computing technologies and renewable energy, to enhance its role as a leading force in the accelerated digital economy in Türkiye.
Dubai Islamic Group, Dr. Adnan Shoula, said: “Our partnership with (Tuxal) is not only centered on the employment of our public budget, but also aims to enable an institution that has the vision and the ability to launch its underlying potential, and contribute to a digital transformation leadership that re -draws the features of the economy in one of the most dynamic markets and aspiring for the future.”
He added, “Türkiye represents a market with a wide vision, scope and ambition, an economy that invests extensively in the infrastructure of the future, and an ideal partner in the international expansion strategy that we set.”
“As the largest Islamic bank in the Emirates, our role goes beyond providing financing, to be a platform for linking the markets, and building alliances that enhance regional and international integration.” We consider Islamic financing as an important link and a bridge supporting the real economies concerned with preserving the principles and basics of moral financing. Through these financing facilities, we contribute mainly to the support of a sector that builds the digital, al -Rakkazi, and comprehensive future. This completely reflects the future that we believe in. ”
For his part, Dr. Ali Taha Koch CEO, CEO of Turkil, said: “Our partnership with a reliable financial institution such as (Dubai Islamic) is enjoying a strong regional presence and firm institutional values, a strategic step that enhances our credibility and is consistent with our future aspirations. These financing facilities come in perfect time, and they also represent an essential pillar of our development career in the coming years.
The agreement signed in Istanbul will strengthen the ties between the UAE and Turkey at the financial and commercial levels, and open broad horizons for the “Turge” company that enables it to benefit from the services and structures of Islamic banking.