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Economic development

ITFC Wins GTR Best Deals of 2025 for Innovative US$150 Million Murabaha Financing Facility

Strategic Insights

— 2 min read

The International Islamic Trade Finance Corporation (ITFC) has been recognized with a GTR Best Deals of 2025 award for its innovative US$150 million Murabaha financing facility to support Tèkiye's post-earthquake economic recovery. This landmark Shariah-compliant financing facility was designed for post-disaster recovery and delivered working capital support to key sectors, including food security, agriculture, and trade. The project was executed in close partnership with the Ministry of Treasury and Finance of the Republic of Tèkiye, the Industrial Development Bank of Tèkiye (TSKB), and the Development and Investment Bank of Tèkiye (TKYB).

Key Takeaways:

  • ITFC won the GTR Best Deals of 2025 award for its innovative US$150 million Murabaha financing facility to support Tèkiye's post-earthquake economic recovery.
  • The facility was the first Islamic trade finance facility designed for post-disaster recovery and delivered working capital support to key sectors including food security, agriculture, and trade.
  • The project was executed in close partnership with the Ministry of Treasury and Finance of the Republic of Tèkiye, the Industrial Development Bank of Tèkiye (TSKB), and the Development and Investment Bank of Tèkiye (TKYB).
  • The facility was developed in response to the devastating earthquakes that struck Tèkiye in February 2023, resulting in an estimated US$100 billion in damages and disrupting over 220,000 businesses.
  • The project has also accelerated the adoption of Islamic trade finance solutions in Tèkiye's public sector and opened new avenues for Islamic financing in the country's public sector.
  • The award reinforces ITFC's leadership in Islamic trade finance solutions and its contribution to achieving SDG 8 (Decent Work & Economic Growth) and SDG 9 (Industry, Innovation & Infrastructure).
  • The financing was executed in a partnership between ITFC, TSKB, and TKYB, demonstrating the potential for public-private partnerships in supporting economic recovery and resilience.
  • The project has also had a positive impact on local businesses, providing working capital support and laying the foundation for sustainable economic revival in key sectors.

Statistics:

  • US$150 million: the amount of the Murabaha financing facility provided by ITFC to support Tèkiye's post-earthquake economic recovery.
  • US$100 billion: the estimated damages caused by the earthquakes that struck Tèkiye in February 2023.
  • 220,000: the number of businesses disrupted by the earthquakes.
  • August 2024: the month in which the US$ 150 million Murabaha-based agreement was signed between ITFC and TSKB.
  • 75 years: the number of years TSKB has been committed to supporting sustainable and inclusive development in Tèkiye.

Sources:

  • International Islamic Trade Finance Corporation
  • GTR (Global Trade Review)
  • Contify.com

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