Haver Farma's Innovative Sukuk Issuance with Akol Law's Guidance
Deal News | May 22, 2025 | CEE Legal Matters
Akol Law has played a crucial advisory role in the complex issuance of a sukuk lease certificate for Haver Farma and Hedef Varlik Kiralama. The sukuk, a sharia-compliant financial certificate, was structured on a management agreement model, with Haver Farma acting as the fund user and originator and Hedef Varlik Kiralama as the issuer. This strategic financial undertaking was supported by Akol Law through the legal expertise of Partner Meltem Uslu-Akol and Senior Associate Denizhan Budak. The issuance highlights the growing interest and application of Islamic financial instruments in diverse markets.
Sectors
- Legal Services
- Islamic Finance
- Pharmaceuticals
Geography
- Turkey – Both Haver Farma and Hedef Varlik Kiralama, along with the law firm Akol Law, are based in Turkey, indicating the geographical focus of the transaction.
Industry
- Legal Services – The article discusses the advisory role of Akol Law, highlighting the importance of legal expertise in financial transactions.
- Islamic Finance – The issuance of a sukuk, which is a sharia-compliant financial instrument, places the article within the realm of Islamic finance.
- Pharmaceuticals – Haver Farma, a pharmaceutical company, is directly involved in the transaction as the fund user and originator.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Haver Farma | Fund User and Originator | Company | A pharmaceutical company involved in the issuance of the sukuk. |
| Hedef Varlik Kiralama | Issuer | Company | The entity responsible for issuing the sukuk, involved alongside Haver Farma. |
| Akol Law | Legal Advisor | Company | The law firm providing legal advisory services for the sukuk issuance. |
| Meltem Uslu-Akol | Partner | People | Partner at Akol Law involved in the legal advisement. |
| Denizhan Budak | Senior Associate | People | Senior Associate at Akol Law involved in the legal advisement. |