Islamic Finance Guide

With our team of experts in Islamic finance, we offer ethical and sustainable solutions.

About Us

Founded in 2014, ISFA is an independent firm specialized in participation finance, law, Shariah governance, and financial consultancy. It provides consultancy in areas such as financial product development, sukuk issuances, mergers & acquisitions, fund purification, and Shariah governance by offering solutions in accordance with participation finance principles in fields such as capital markets, investment banking, insurance, pension, and fund management. Our expert team supports organizations in establishing structures compliant with participation finance principles and standards, while contributing to the development of sustainable and innovative business models in the sector.

Our Mission

To support the sustainable growth of the participation finance ecosystem by providing innovative and effective consultancy services within an ethical and Shariah-compliant framework. To be a trusted and preferred business partner in the industry by offering strategic solutions that add value to our solution partners.

Our Vision

To contribute to the global growth of the participation finance ecosystem by offering innovative and sustainable financial solutions, and to become a globally trusted point of reference in the field of Shariah governance.

Our Methodology

The scope of services is defined through needs analysis, and the solutions provided are shaped to be fully compliant with participation finance principles. Ethical compliance and industry regulations are our key criteria. Continuous communication and strategic guidance are ensured for effective consultancy.

Customer Focus

We consider understanding our customers' needs in-depth and providing tailored solutions as our core priority.

Ethical Approach

We establish professional relationships by adopting the principles of honesty and transparency in all our business processes.

Reliability

By delivering every service we commit to in full, we strengthen the trust our customers have in us.

Islamic Finance Guide

We are working to give back the trust you have in us!

We consider your trust as our most valuable capital and work to provide you with the best service through transparent, ethical, and sustainable financial solutions.

80+

Institution

900+

License Certificate

$10B+

Completed Project

MILESTONE

2015

We kicked off our operations by providing end-to-end advisory throughout the establishment of Ziraat Participation Bank.

2016

We advised on the first lease certificate (sukuk) issuances in the private sector.

2017

We became the first firm to advise on participation-based Venture Capital and Real Estate Investment Funds.

2018

We advised on the establishment processes of participation-based Exchange Traded Funds.

2019

We began providing advisory committee establishment services to investment banks.

2021

We expanded our advisory committee establishment services to life and pension (individual pension, private education funding) companies.

2023

We became the Turkey Advisory Committee of the Islamic Development Bank.

2025 Q2

We advised on the largest Lease Certificate issuance of the year with Halkbank, structured on an ownership-based (icare) model.

2025 Q3

We provided advisory for the public offering process of the Real Estate Certificate product under the Damlakent project.

2025 Q4

We are providing end-to-end participation finance advisory — including structuring and product development — for the establishment of Halk Participation Bank.