IsDB ups support for Turkey

The Islamic Development Bank (IsDB) and various Turkish stakeholders have signed cooperation agreements backing both exporters and the transport sector. The IsDB will provide loan and insurance support to Turk Eximbank. A syndicated $150 million murabaha was also signed between the International Islamic Trade Finance Corporation and Turk Eximbank. And ICIEC, the Islamic bank’s insurance arm, and Turk Eximbank signed a memorandum of understanding for a $180 million club loan.