Peace Magazine (As-Salaam)

Peace Magazine (As-Salaam)

Established since 2002

  • HOME
  • About Us
  • Contact Us

IsDB Approves €700 Million Shari’ah-Compliant Financing to Support Türkiye’s Development Drive

Crystal4Peace Avatar
Crystal4Peace
April 9, 2025
IsDB Approves €700 Million Shari’ah-Compliant Financing to Support Türkiye’s Development Drive

Financing aims to enhance disaster-resilient health care services, rebuild sustainable municipal infrastructure in earthquake-affected areas

By Abdullahi Yusuf

The Islamic Development Bank (IsDB) Group on Wednesday announced a total of €700 million in financing for transformative projects in Türkiye, aiming to enhance disaster-resilient health care services and support the recovery of municipalities hit by the February 2023 earthquakes.

The bank has allocated €500 million, under the Disaster-Resilient Health Infrastructure Project, for the reconstruction of two key hospitals in Istanbul, ensuring their capacity to withstand earthquakes and provide uninterrupted health care.

The project seeks to address Istanbul’s increasing need for sustainable health care by adding nearly 2,500 hospital beds and meeting the rising demand for accessible, high-quality, and resilient medical services.

The Fatih Sultan Mehmet (FSM) Training and Research Hospital in Atasehir will see its capacity grow from 310 to 1,584 beds, with outpatient visits expected to increase from 1 million to 2.6 million annually. Emergency patient visits are projected to rise from 250,000 to 800,000, while the hospital’s surgical capacity will triple.

Co-financing for the ISMEP initiative will come from the Council of Europe Development Bank (CEB), focusing on the merger and expansion of the Haydarpasa Numune and Dr. Siyami Ersek hospitals. The Turkish government will provide medical equipment, technology, and staffing to support the project.

An additional €200 million has been approved for the Municipal Infrastructure for Recovery and Resilience Project, addressing the aftermath of the February 2023 earthquakes.

The funding will support sustainable infrastructure in water, wastewater, and solid waste management, as well as urban transportation in affected and other municipalities.

The project emphasizes “build back better” principles to create resilient and sustainable urban environments. It includes technical studies, construction, and the procurement of equipment, benefiting millions of residents through improved infrastructure and services.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SPONSORED

    Search

    Follow Us on

    • Facebook
    • YouTube
    • Instagram
    • WhatsApp
    • X

    Featured Articles

    • Ministry of Awqaf Analyzes 2025 Growth

      Ministry of Awqaf Analyzes 2025 Growth

      April 17, 2026
    • Muslim Elders Condemn Turkey School Shooting

      Muslim Elders Condemn Turkey School Shooting

      April 17, 2026
    • Pezeshkian Praises Iran’s Economic Stability During Conflict

      Pezeshkian Praises Iran’s Economic Stability During Conflict

      April 17, 2026
    • Saudi Sets SR100,000 Fine for Illegal Hajj

      Saudi Sets SR100,000 Fine for Illegal Hajj

      April 15, 2026
    • GCC Awqaf Meet to Boost Islamic Cooperation

      GCC Awqaf Meet to Boost Islamic Cooperation

      April 15, 2026

    Categories

    • Asia (7)
    • Contemporay issue (11)
    • Events (8)
    • Features (4)
    • Finance (6)
    • Friday Sermon (26)
    • Haj Affairs (2)
    • Hajj (11)
    • Hajj Affairs (107)
    • Health/Nutrition (1)
    • International (55)
    • Interview (3)
    • Islamic Discourse (60)
    • Middle East (52)
    • News (318)
    • Opinion (4)
    • Ramadan (20)
    • Religion (10)
    • Sermon (3)
    • South Asia (6)
    • Sports (12)
    • Uncategorized (17)
    • Wildlife Wonders (2)

    Archives

    • April 2026 (56)
    • March 2026 (33)
    • February 2026 (51)
    • January 2026 (41)
    • December 2025 (79)
    • November 2025 (68)
    • October 2025 (50)
    • September 2025 (72)
    • August 2025 (11)
    • July 2025 (5)
    • June 2025 (31)
    • May 2025 (45)
    • April 2025 (86)
    • March 2025 (97)
    • February 2025 (3)

    Tags

    #SaudiArabia Education Eid-ul-Fitr Faith Friday Sermon Gaza Hadith Hajj Hajj 2025 Hajj Affairs Hajj and umrah Hajj Flakes Hajj in Nigeria Hajj news Hajj news updates Hajj Operations Hajj Pilgrims Hajj Updates HumanRights India Islam Islamic Finance IslamicFinance IslamicTeachings islamicvalues Makkah MURIC Muslim MuslimCommunity Muslims NAHCON Nigeria NigeriaNews Palestine Peace Pilgrims Qatar Qur’an Ramadan Saudi Arabia Security Tinubu Umrah US War

    About Us

    peace magazine

    We represent Islamic advocacy and News Reporting. The primary objective is to use our platform to promote a better-informed society and the sanctity of the peaceful co-existence of man. It remains the flagship of Nigeria’s Islamic News magazines.

    Latest Articles

    • Ministry of Awqaf Analyzes 2025 Growth

      Ministry of Awqaf Analyzes 2025 Growth

      April 17, 2026
    • Muslim Elders Condemn Turkey School Shooting

      Muslim Elders Condemn Turkey School Shooting

      April 17, 2026
    • Pezeshkian Praises Iran’s Economic Stability During Conflict

      Pezeshkian Praises Iran’s Economic Stability During Conflict

      April 17, 2026

    Categories

    • Asia (7)
    • Contemporay issue (11)
    • Events (8)
    • Features (4)
    • Finance (6)
    • Friday Sermon (26)
    • Haj Affairs (2)
    • Hajj (11)
    • Hajj Affairs (107)
    • Health/Nutrition (1)
    • International (55)
    • Interview (3)
    • Islamic Discourse (60)
    • Middle East (52)
    • News (318)
    • Opinion (4)
    • Ramadan (20)
    • Religion (10)
    • Sermon (3)
    • South Asia (6)
    • Sports (12)
    • Uncategorized (17)
    • Wildlife Wonders (2)
    • Facebook
    • X

    Copyright 2025 – All Rights Reserved

    Scroll to Top