Since the 1970s Islamic finance has grown significantly popular creating a sophisticated and competitive market globally. In Turkey financial institutions, known as participation banks, have been developing this market since the 80s and key sectors, such as energy, real estate and insurance, are now receiving increased interest from Middle Eastern investors.

Pekin & Pekin is established in the market as a legal advisor to both Islamic finance and international institutions with interests in Turkey. The Firm advises on Islamic financing and regulatory transactions and possesses very detailed knowledge of the legal structure in Turkey.

Our expertise in Islamic finance covers:

• Financial principles of Islamic law
• Turkish legal framework governing Islamic finance
• Existing and pending regulatory developments
• Structuring of Islamic finance transactions in line with Turkish law, in particular murabaha, mudarabah, ijarah and sukuk
• Regulatory M&As involving Islamic finance institutions

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Banking & Finance

Bank Incorporations and M&As

Capital Markets

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Sukuk in Turkey