Turkish Airbus 350

Turkish Airlines is financing an Airbus A350 aircraft in Swiss francs (CHF) with Dubai Islamic Bank on an Islamic finance structure. The ‘halal Ijarah’ deal, nearly a year in the making, features a rent-to-own interest-free Sharia-compliant type agreement. “This transaction demonstrates our commitment to financial innovation and strengthening our fleet while also marking a new chapter in our cooperation with leading institutions in the UAE and the broader Gulf region,” stated Turkish Chairman Prof.  Ahmet Bolat.