FINANCE - BIBD provides Murabaha financing to Turkish firm

bt.com.bn - BANK Islam Brunei Darussalam Berhad (BIBD) will be providing financing of US$75,000,000 ($97,500,000) to Turkiye Finans Katilim Bankasi (TKFB) AS under the bank's Murabaha Financing Facility.

BIBD, one of Brunei's largest financial institutions, said the financing facility will be for five years and will provide funding for small and medium enterprises (SME) in Turkey. (source)

BANKING - Turkey's Gozde says buys 10.26 pct of Turkiye Finans

(Reuters) - Turkey's Gozde Financial Services (GOZFN.IS) bought 10.26 percent of Turkiye Finans, which is active in Turkey's growing Islamic banking sector for 216 million lira ($148.45 million), Gozde said on Thursday.

Gozde, which already had a stake in Turkiye Finans, raised its stake to 13.69 percent.

Personal note : Gozde Finansal Hizmetler is controlled by Yildiz Holding (Ulker Group)