The Esin Attorney Partnership has advised the lenders in relation to USD 160 million and EUR 69 million Dual Currency Murabaha Facilities provided to Ziraat Katilim Bankasi A.S. ABC Islamic Bank acted as agent, HSBC Bank Middle East Limited acted as facility coordinator, and 13 international banks acted as documentation agents. The lenders included 13 international banks.
Remarking on the successful completion of Murabaha facilities, Esin Attorney Partnership Partner and Head of Banking and Finance Muhsin Keskin stated that, "thanks to the Turkish government's support and encouragement and Turkish state-owned banks' efforts, Islamic banking is growing in Turkey with two new players in the market. The rising interest of international banks to Islamic finance reveals the continuing confidence of international investors in the Turkish Islamic banking sector."
The Esin Attorney Partnership team was led by Partner Muhsin Keskin, supported by Associates Berk Cin and Erdi Yildirim.
