Aktif Bank starts to operate in Islamic leasing in Turkey with key partners
ANKARA
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB); Aktif Bank, the largest privately-owned Investment Bank in Turkey; and Ijara Management Company (IMC), a specialized company offering comprehensive solutions for new and existing Islamic leasing (Ijara) companies, have signed an agreement to collaborate as the new shareholders of Haliç Leasing.The move sees Aktif Bank entering into the Turkish Islamic leasing sector by acquiring 32 percent of the shares in Haliç Leasing, a financial leasing company established in 2004.
Through this investment, Aktif Bank is primarily planning to fund the growth of SMEs and will focus on financing state of the art technology machinery and equipment investments, the announcing the collaboration stated on Oct. 24.
The strategic collaboration between the parties aims to position Haliç Leasing as the only financial leasing company in Turkey that offers products in line with Shariah requirements for its clients, said the statement.
The company will also be positioned to fill the market gap that is not covered by the larger leasing companies, especially those that are owned by local banks, it said, adding that Haliç Leasing would be able to raise the long term funds locally and internationally via Sukuk issuances thanks to Aktif Bank’s extensive knowledge of capital markets.
Through this investment, Aktif Bank is primarily planning to fund the growth of SMEs and will focus on financing state of the art technology machinery and equipment investments, the announcing the collaboration stated on Oct. 24.
The strategic collaboration between the parties aims to position Haliç Leasing as the only financial leasing company in Turkey that offers products in line with Shariah requirements for its clients, said the statement.
The company will also be positioned to fill the market gap that is not covered by the larger leasing companies, especially those that are owned by local banks, it said, adding that Haliç Leasing would be able to raise the long term funds locally and internationally via Sukuk issuances thanks to Aktif Bank’s extensive knowledge of capital markets.
