Turkcell announced on March 5, 2026, that its board of directors has authorized its wholly owned subsidiary, Turkcell Finansman A.Ş., to issue commodity trading–based lease certificates, commonly known as sukuk, in the Turkish domestic market. The planned securities will have maturities of up to 12 months.
The issuance is expected to reach a maximum amount of TRY 3 billion and may be carried out through private placement and/or offered to institutional investors. The certificates are planned to be issued via a local asset leasing company, a common structure used for sukuk transactions in Türkiye. However, the issuance is still subject to approval from the Capital Markets Board of Türkiye.
Through this initiative, Turkcell aims to broaden its local funding sources and further diversify its financing structure, particularly within the Sharia-compliant investment segment. By using sukuk instead of a traditional public bond offering and executing the issuance through its financing arm, the company seeks to improve short-term liquidity management while attracting interest from institutional and Islamic finance investors.
If regulatory approval is obtained, the move could enhance Turkcell’s financial flexibility and support the company’s ongoing operational and growth plans. The sukuk program may also strengthen Turkcell’s position in Türkiye’s corporate debt market by expanding its access to alternative funding channels.