Empowering Türkiye’s Economic Future: The Islamic Corporation for the Development of the Private Sector (ICD) And AKlease Launch EUR 13.65M Private Sector Financing Initiative
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The Islamic Corporation for the Development of the Private Sector (ICD) ( http://www.ICD-ps.org) and Ak Finansal Kiralama A.Ş. (AKLease) have entered into a landmark agreement to bolster economic growth in Türkiye. This new EUR 13.65 million Commodity Murabaha Facility is designed to support private sector projects, with a special focus on small and medium-sized enterprises (SMEs).
This strategic partnership highlights ICD’s dedication to fostering private sector development within its member countries. The facility provided by ICD will enable AKLease to fund a range of private sector projects, empowering entrepreneurs to launch and scale ventures that will significantly impact Türkiye’s economy.
AKLease, a subsidiary of Akbank and a prominent player in Türkiye’s financial leasing market, will leverage this facility to extend financial support to eligible projects. The collaboration is a testament to AKLease’s commitment to driving national development through innovative and long-term leasing solutions.
Key Highlights of the Agreement:
Funding Amount: EUR 13.65 Million
Target Sector: Private sector projects, especially SMEs
Objective: Enhance the SME landscape in Türkiye by providing essential resources for business growth and development
Strategic Alignment: Supports ICD’s Private Sector Channel Development Strategy
The agreement underscores the critical role of private sector financing in economic development. By facilitating access to financial resources, the initiative will help bridge funding gaps for SMEs, driving innovation and fostering a more robust and diverse economy.
