Albaraka Türk Katılım Bankası issued USD 205 million Additional Tier 1 mudaraba sukuk certificates in February, 2018. This is the first Additional Tier 1 capital issuance by a Turkish bank and first Additional Tier 1 capital issuance by a Turkish participation bank.

Paksoy is pleased to announce that the Islamic Finance team led by Sera Somay (Partner), Pınar Tüzün (Associate) and Soner Dağlı (Associate) acted as the local counsel for Albaraka Türk Katılım Bankası. Paksoy had also advised in the first Tier 2 offering by a Turkish bank and advised in the first Tier 2 offering by a Turkish participation bank.

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