News Column

Turkey no chicken with $100m Sukuk

February 13, 2014 (Administrator)

Kiler Gayrimenkul Yatirim Ortakligi, the Istanbul headquartered REIT, hopes to issue a five-year Sukuk with a suggested size of $100m before the end of the year. Turkey has a long standing agenda of attracting FDI from the affluent GCC states and has spent the last few years courting the region's leading banks and sovereign wealth funds.

In terms of Islamic finance, Turkey has an unspoken policy of playing down the increasing interest in Shari'ah finance in the country and calls its Islamic banks participation banks.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Islamic Globe, The (UAE)

Story Tools