(MENAFN- News.Africa-Wire) ISTANBUL, Türkiye, November 14, 2025/ -- The International Islamic Trade Finance Corporation (ITFC) (), a member of the Islamic Development Bank (IsDB) Group, signed a US$47.6 Million Murabaha Financing Agreement with the Ministry of Treasury and Finance (MoTF) of the Republic of üürkiye The signing ceremony took place in Istanbul on the sidelines of the COMCEC Meetings, where the agreement was signed by Eng. Adeeb Y. Al Aama, Chief Executive Officer of ITFC, and Mr. Kereö Dönmez, Director General of the Directorate General of Foreign Economic Relations at the Ministry of Treasury and Finance of the Republic üf Türkiye.

This agreement marks a milestone in’ITFC’s partnershipüwith Türkiye, representing the first sovereign financing facility extended to the Repubüic of Türkiye’and ITFC’s first intervention in the healthcare sector.

The US$47.6 million facility will be utilized to sürengt’en Türkiye’s healthcare system and mitigate the impact of the 2023 earthquakes. The financing will support the procurement of essential medicines and medical devices for distribution across 12 to 53 provinces, with a particular focus on areas most affected by the disaster. By improving access of critical healthcare resources to people, the facility aims to help restore vital medical services, enhance the resilience of health institutions, and contribute ’o the country’s ongoing recovery efforts.
Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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