Paksoy advises conventional and Islamic financial institutions and investors as well as corporate borrowers on all aspects of Islamic finance. We have been at the forefront of Islamic product development in Turkey working with all major market makers including the sovereign, Turkish Islamic banks, regional banks and global players. With the increasing demand, we expanded our Islamic Finance practice and have an in-depth understanding of Islamic Finance products in the Turkish market.
Paksoy holds a dominant position as Islamic finance counsel because of its role in pioneering debt offerings of Turkish banks, particularly in Islamic finance transactions, including sukuk issuances that include ijara, non-real estate ijara, and murabaha components.
“ Market leader in Islamic Finance. ”
Chambers and Partners
Featured publications
6 November 2018
The Islamic Finance and Markets Law Review – 3rd Edition – Turkey 2018
Turkey chapter of the 3rd edition of The Islamic Finance and Markets Law Review; written by Sera Somay and Gözde Kayacık, published by Law…
Related contents
7 November 2025
We maintain our Tier 1 rankings across all IFLR1000 2025 practice areas
We maintain our Tier 1 rankings across all IFLR1000 2025 practice areas. Being ranked Tier 1 across all IFLR1000 practice areas for Türkiye…
31 October 2025
Paksoy has advised Türk Telekom on its inaugural USD 600 million 5-year sukuk issuance
Paksoy has advised Türk Telekom on its inaugural USD 600 million 5-year sukuk issuance.
20 October 2025
Paksoy has advised Vakıf Katılım on its inaugural Additional Tier 1 sukuk issuance, valued at USD 500 million — the largest subordinated sukuk ever issued by a participation bank in Türkiye
Paksoy has advised Vakıf Katılım on its inaugural Additional Tier 1 sukuk issuance, valued at USD 500 million — the largest subordinated…
1 November 2024
Paksoy Recognized as a Tier 1 Law Firm by IFLR1000 for 2024
We are pleased to share our rankings by IFLR1000 for 2024.
14 November 2023
Paksoy advises Ziraat Katılım Bankası on its USD 500 million sukuk issuance
We are proud to have acted as legal advisor to Ziraat Katılım Bankası on its issue of USD 500 million sukuk (Islamic bond certificate)…
15 August 2023
Paksoy advises Erciyas Çelik Boru on its debut sukuk issuance
We are proud to have acted as legal advisor to Erciyas Çelik Boru Sanayi A.Ş on its inaugural issue of ₺300 million ($11.12 million) sukuk…