DIB has recently concluded an aircraft financing deal with Turkish Airlines, marking the first Islamic aircraft finance transaction aimed at supporting the airline’s growth.

This agreement opens up new possibilities for Shariah-compliant financial structures to play a significant role in driving growth within one of the world’s most recognizable airline fleets.

The deal underscores DIB’s commitment to expanding Islamic finance globally. By facilitating the acquisition and integration of a new Airbus A350-941 into Turkish Airlines’ fleet, DIB highlights the credibility and adaptability of Islamic finance in complex cross-border funding arrangements.

This transaction represents Turkish Airlines’ initial step into Islamic finance-backed aircraft financing. The airline is incorporating Shariah-compliant structures into its financing strategy as part of a broader diversification initiative. DIB served as the financier for this 12-year Islamic finance lease (Ijarah).

DIB officials stated that, in an era where global markets are reevaluating sustainable finance, this transaction demonstrates that Islamic finance is no longer niche but a robust and globally relevant financial structure.

Additional Developments at DIB

In July 2025, DIB announced the completion of a USD 1 billion syndicated term-finance facility for the Government of Pakistan (GoP). This five-year facility was organized in collaboration with a consortium of regional and international financial institutions. The deal included a Policy-Based Guarantee (PBG) from the Asian Development Bank (ADB), making it one of the first such transactions for the country.

The Islamic tranche, structured as an AAOIFI-compliant Commodity Murabaha, accounted for around 89% of the total facility. This reflects growing demand for Shariah-compliant financing and supports Pakistan’s strategic efforts to expand its Islamic finance sector.