IslamicFinance.de

The Islamic Corporation for the Development of the Private Sector (ICD), Aktif Bank and Ijarah Management Company (IMC) have signed a Shareholders Agreement for Joint Strategic Collaboration. Aktif Bank has entered into the Turkish leasing sector by acquiring 32% shares of Haliç Finansal Kiralama (Haliç Leasing) and is planning to primarily fund the growth of SMEs in Turkey. Haliç Leasing will be able to raise the long term funds locally and internationally via Sukuk issuances thanks to extensive knowledge of Aktif Bank on capital markets. CEO of Aktif Bank, Serdar Sümer, said that instead of increasing the number of branches, the bank focuses on diversifying its products and alternative distribution channels. CEO of ICD, Khaled Al Aboodi, said that Haliç Leasing will be the eleventh Islamic leasing company that ICD has invested.