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Turkcell’s data center subsidiary, TDC Data Services, has secured a €100 million ($112.45 million) murabaha financing package from Emirates NBD, taking a major step toward strengthening Türkiye’s position as a regional digital hub, the company announced.
The five-year agreement, structured under murabaha—a non-interest-bearing financing method based on Islamic finance principles —aims to accelerate TDC's investments in data center infrastructure, enabling the company to strengthen its market leadership and pursue long-term growth targets.
The use of murabaha financing, common in Islamic banking, not only aligns with interest-free financial principles but also diversifies TDC’s funding sources.
The company underlined that the partnership with Emirates NBD may pave the way for further cooperation with Gulf-based institutions, reflecting a broader trend of increased financial engagement between Türkiye and the region.
Kamil Kalyon, Deputy General Manager for Finance at Turkcell, described the deal as a clear sign of international confidence in Türkiye’s economy and Turkcell’s strategic direction.
“This financing is a tangible indicator of the trust that global financial institutions place in Türkiye and Turkcell,” Kalyon said at the signing ceremony.
He added that the agreement will accelerate Turkcell’s ongoing digital infrastructure initiatives, contributing meaningfully to Türkiye’s broader digital transformation.
“This step will support the development of data centers, one of the most strategic sectors of the future, while also reinforcing our leadership and aligning with our country’s long-term technology goals,” Kalyon noted.
Pri McNair, Co-Head of Corporate Coverage at Emirates NBD, echoed this sentiment, stating that the financing is part of the bank’s long-term strategy to support digital transformation-focused, growth-oriented firms.
“We are proud to support Turkcell’s data center investments,” McNair said, emphasizing that the collaboration reflects the bank’s role as a reliable financial partner offering sustainable growth solutions.
The agreement underscores the increasing role of sustainable and compliant financial instruments in Türkiye’s tech investment landscape, highlighting how companies are leveraging cross-border partnerships to fuel the country’s digital ambitions.
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