Posts tagged as: Turkey

Erdogan tells Turks to shun credit cards, rounds on banks

Erdogan tells Turks to shun credit cards, rounds on banks

Turkish Prime Minister Tayyip Erdogan urged Turks not to use credit cards, accusing banks of locking people into poverty with excessive fees. He said banks were growing rich on high commissions and urged people to live within their means. Erdogan and m…

Turkey's Bank Asya applies for sukuk issue of up to 1 bln lira

Turkey's Bank Asya applies for sukuk issue of up to 1 bln lira

Turkish Islamic lender Bank Asya said on Monday it had applied to the Capital Markets Board to issue sukuk worth up to 1 billion lira ($520 million). The bank said in a statement to the Istanbul stock exchange it had mandated its brokerage arm for the …

UAE Central Bank Asks Lenders About Exposure To Turkey

UAE Central Bank Asks Lenders About Exposure To Turkey

<p>The United Arab Emirates central bank has asked local commercial banks in the country to provide details of their financial exposure to Turkey by Tuesday. The aim is reportedly to review the investments. The UAE&rsquo;s financial ties to Turkey have expanded in recent years because Gulf banks are looking to diversify out of the region&rsquo;s oil-focused economy and are hamstrung by a lack of potential acquisitions at home. UAE banks have also increased their exposure to Turkish debt, particularly sukuk. Sales of Turkish sukuk to Gulf investors may increase further as Turkey expands its offerings. A new regulation limiting exposure to Turkey is not expected despite the UAE's central bank's action unless the data compiled exceeded the norm.</p>
<div>
<div>Source:&nbsp;</div>
<div>
<div>
<p><a href="http://gulfbusiness.com/2013/07/uae-central-bank-asks-lenders-about-exposure-to-turkey/#.UeV6BG2LX4w" title="http://gulfbusiness.com/2013/07/uae-central-bank-asks-lenders-about-exposure-to-turkey/#.UeV6BG2LX4w">http://gulfbusiness.com/2013/07/uae-central-bank-asks-lenders-about-expo…</a></p>
</div>
</div>
</div>
<div>
<a href="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5425&amp;layout=button_count&amp;show_faces=false&amp;action=like&amp;colorscheme=light&amp;width=100&amp;height=21&amp;font=&amp;locale=" title="I Like it" rel="nofollow" target="_blank"><span>Facebook Like</span></a> <a href="http://www.islamicfinance.de/?q=node/5425" title="Plus it" rel="nofollow" target="_blank"><span>Google Plus One</span></a> <a href="http://twitter.com/share?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5425&amp;count=horizontal&amp;via=&amp;text=UAE%20Central%20Bank%20Asks%20Lenders%20About%20Exposure%20To%20Turkey&amp;counturl=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5425" title="Tweet This" rel="nofollow" target="_blank"><span>Tweet Widget</span></a> <a href="http://www.islamicfinance.de/?q=node/5425" title="Share on Linkedin" rel="nofollow" target="_blank"><span>Linkedin Share Button</span></a> <a href="http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5425&amp;t=UAE+Central+Bank+Asks+Lenders+About+Exposure+To+Turkey" title="Share on Facebook." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/facebook.png" alt="Facebook" title="" width="16" height="16"></a> <a href="http://www.google.com/bookmarks/mark?op=add&amp;bkmk=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5425&amp;title=UAE+Central+Bank+Asks+Lenders+About+Exposure+To+Turkey" title="Bookmark this post on Google." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/google.png" alt="Google" title="" width="16" height="16"></a> <a href="http://bookmarks.yahoo.com/myresults/bookmarklet?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5425&amp;t=UAE+Central+Bank+Asks+Lenders+About+Exposure+To+Turkey" title="Bookmark this post on Yahoo." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/yahoo.png" alt="Yahoo" title="" width="16" height="16"></a> <a href="http://del.icio.us/post?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5425&amp;title=UAE+Central+Bank+Asks+Lenders+About+Exposure+To+Turkey" title="Bookmark this post on del.icio.us." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/delicious.png" alt="del.icio.us" title="" width="16" height="16"></a> <a href="http://www.linkedin.com/shareArticle?mini=true&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5425&amp;title=UAE+Central+Bank+Asks+Lenders+About+Exposure+To+Turkey&amp;summary=The+United+Arab+Emirates+central+bank+has+asked+local+commercial+banks+in+the+country+to+provide+details+of+their+financial+exposure+to+Turkey+by+Tuesday.+The+aim+is+reportedly+to+review+the+investments.+The+UAE%E2%80%99s+financial+ties+to+Turkey+have+expanded+in+recent+years+because+Gulf+banks+are+looking+to+diversify+out+of+the+region%E2%80%99s+oil-focused+economy+and+are+hamstrung+by+a+lack+of+potential+acquisitions+at+home.+UAE+banks+have+also+increased+their+exposure+to+Turkish+debt%2C+particularly+sukuk.+Sales+of+Turkish+sukuk+to+Gulf+investors+may+increase+further+as+Turkey+expands+its+offerings.+A+new+regulation+limiting+exposure+to+Turkey+is+not+expected+despite+the+UAE%27s+central+bank%27s+action+unless+the+data+compiled+exceeded+the+norm.%0A&amp;source=IslamicFinance.de" title="Publish this post to LinkedIn" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/linkedin.png" alt="LinkedIn" title="" width="16" height="16"></a> <a href="http://digg.com/submit?phase=2&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5425&amp;title=UAE+Central+Bank+Asks+Lenders+About+Exposure+To+Turkey" title="Digg this post on digg.com" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/digg.png" alt="Digg" title="" width="16" height="16"></a>
</div>

Bank Asya keen to expand biz in India

Bank Asya keen to expand biz in India

Bank Asya is eager to achieve bilateral trade between the Indian and Turkish economies worth $15 billion over the next five years. Officials of the Turkish Islamic lender Bank Asya were in Mumbai to discuss the rapidly growing business ties between In…

Noor executes $1.4 billion Islamic mandates, eyes sukuk in Turkey

Noor executes $1.4 billion Islamic mandates, eyes sukuk in Turkey

<p>Noor Islamic Bank has completed Islamic capital market mandates valued at over $1.4 billion (AED5.14 billion) in the past six months in Turkey. As an Initial Mandated Lead Arranger and Joint Bookrunner, Noor successfully closed a $500 million equivalent dual-currency Murabaha facility for T&uuml;rkiye Finans Katilim Bankasi, which was oversubscribed two times. Noor Islamic Bank has also been an Initial Mandated Lead Arranger and Joint Bookrunner for a $382 million dual currency Murabaha Facility for Asya Katilim Bankasi A.S (Bank Asya) and a $500 million Sukuk for Tukiye Finans Katilim Bankasi A.S. In total, 85 banks and financial institutions across Asia, Middle East, Africa and Europe have participated in the syndicated financing deals led by Noor this year.</p>
<div>
<div>Source:&nbsp;</div>
<div>
<div>
<p><a href="http://www.saudigazette.com.sa/index.cfm?method=home.regcon&amp;contentid=20130701171815" title="http://www.saudigazette.com.sa/index.cfm?method=home.regcon&amp;contentid=20130701171815">http://www.saudigazette.com.sa/index.cfm?method=home.regcon&amp;contentid=20…</a></p>
</div>
</div>
</div>
<div>
<a href="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5344&amp;layout=button_count&amp;show_faces=false&amp;action=like&amp;colorscheme=light&amp;width=100&amp;height=21&amp;font=&amp;locale=" title="I Like it" rel="nofollow" target="_blank"><span>Facebook Like</span></a> <a href="http://www.islamicfinance.de/?q=node/5344" title="Plus it" rel="nofollow" target="_blank"><span>Google Plus One</span></a> <a href="http://twitter.com/share?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5344&amp;count=horizontal&amp;via=&amp;text=Noor%20executes%20%241.4%20billion%20Islamic%20mandates%2C%20eyes%20sukuk%20in%20Turkey%20&amp;counturl=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5344" title="Tweet This" rel="nofollow" target="_blank"><span>Tweet Widget</span></a> <a href="http://www.islamicfinance.de/?q=node/5344" title="Share on Linkedin" rel="nofollow" target="_blank"><span>Linkedin Share Button</span></a> <a href="http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5344&amp;t=Noor+executes+%241.4+billion+Islamic+mandates%2C+eyes+sukuk+in+Turkey+" title="Share on Facebook." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/facebook.png" alt="Facebook" title="" width="16" height="16"></a> <a href="http://www.google.com/bookmarks/mark?op=add&amp;bkmk=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5344&amp;title=Noor+executes+%241.4+billion+Islamic+mandates%2C+eyes+sukuk+in+Turkey+" title="Bookmark this post on Google." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/google.png" alt="Google" title="" width="16" height="16"></a> <a href="http://bookmarks.yahoo.com/myresults/bookmarklet?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5344&amp;t=Noor+executes+%241.4+billion+Islamic+mandates%2C+eyes+sukuk+in+Turkey+" title="Bookmark this post on Yahoo." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/yahoo.png" alt="Yahoo" title="" width="16" height="16"></a> <a href="http://del.icio.us/post?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5344&amp;title=Noor+executes+%241.4+billion+Islamic+mandates%2C+eyes+sukuk+in+Turkey+" title="Bookmark this post on del.icio.us." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/delicious.png" alt="del.icio.us" title="" width="16" height="16"></a> <a href="http://www.linkedin.com/shareArticle?mini=true&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5344&amp;title=Noor+executes+%241.4+billion+Islamic+mandates%2C+eyes+sukuk+in+Turkey+&amp;summary=Noor+Islamic+Bank+has+completed+Islamic+capital+market+mandates+valued+at+over+%241.4+billion+%28AED5.14+billion%29+in+the+past+six+months+in+Turkey.+As+an+Initial+Mandated+Lead+Arranger+and+Joint+Bookrunner%2C+Noor+successfully+closed+a+%24500+million+equivalent+dual-currency+Murabaha+facility+for+T%C3%BCrkiye+Finans+Katilim+Bankasi%2C+which+was+oversubscribed+two+times.+Noor+Islamic+Bank+has+also+been+an+Initial+Mandated+Lead+Arranger+and+Joint+Bookrunner+for+a+%24382+million+dual+currency+Murabaha+Facility+for+Asya+Katilim+Bankasi+A.S+%28Bank+Asya%29+and+a+%24500+million+Sukuk+for+Tukiye+Finans+Katilim+Bankasi+A.S.+In+total%2C+85+banks+and+financial+institutions+across+Asia%2C+Middle+East%2C+Africa+and+Europe+have+participated+in+the+syndicated+financing+deals+led+by+Noor+this+year.%0A&amp;source=IslamicFinance.de" title="Publish this post to LinkedIn" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/linkedin.png" alt="LinkedIn" title="" width="16" height="16"></a> <a href="http://digg.com/submit?phase=2&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5344&amp;title=Noor+executes+%241.4+billion+Islamic+mandates%2C+eyes+sukuk+in+Turkey+" title="Digg this post on digg.com" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/digg.png" alt="Digg" title="" width="16" height="16"></a>
</div>

Islamic banks’ share set to rise in Turkey

Islamic banks’ share set to rise in Turkey

<p>According to Turkish Deputy Prime Minister Ali Babacan, the number of participation bank branches has reached 869, thier size of assets has increased to 81.5 billion Turkish Liras. Therefore, the participation banks&rsquo; share in assets is 5 percent and in funds it&rsquo;s 6 percent. However, these figures are below expectations, he added. The minister stated that the tax difference between sukuk and bonds has been removed, legislation related to Islamic financing has been completed, and the private pension system has become able to be built on non-interest instruments. Moreover, Turkey has expressed its intention to create a legal basis for Takaful insurance, since Bahrain-based Albaraka is planning to found an Islamic insurance firm. Furthermore, two new participation banks from the Gulf countries had been preparing to enter to the country.</p>
<div>
<div>Source:&nbsp;</div>
<div>
<div>
<p><a href="http://www.hurriyetdailynews.com/islamic-banks-share-set-to-rise-in-turkey.aspx?pageID=238&amp;nID=49187&amp;NewsCatID=346" title="http://www.hurriyetdailynews.com/islamic-banks-share-set-to-rise-in-turkey.aspx?pageID=238&amp;nID=49187&amp;NewsCatID=346">http://www.hurriyetdailynews.com/islamic-banks-share-set-to-rise-in-turk…</a></p>
</div>
</div>
</div>
<div>
<a href="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5300&amp;layout=button_count&amp;show_faces=false&amp;action=like&amp;colorscheme=light&amp;width=100&amp;height=21&amp;font=&amp;locale=" title="I Like it" rel="nofollow" target="_blank"><span>Facebook Like</span></a> <a href="http://www.islamicfinance.de/?q=node/5300" title="Plus it" rel="nofollow" target="_blank"><span>Google Plus One</span></a> <a href="http://twitter.com/share?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5300&amp;count=horizontal&amp;via=&amp;text=Islamic%20banks%E2%80%99%20share%20set%20to%20rise%20in%20Turkey&amp;counturl=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5300" title="Tweet This" rel="nofollow" target="_blank"><span>Tweet Widget</span></a> <a href="http://www.islamicfinance.de/?q=node/5300" title="Share on Linkedin" rel="nofollow" target="_blank"><span>Linkedin Share Button</span></a> <a href="http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5300&amp;t=Islamic+banks%E2%80%99+share+set+to+rise+in+Turkey" title="Share on Facebook." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/facebook.png" alt="Facebook" title="" width="16" height="16"></a> <a href="http://www.google.com/bookmarks/mark?op=add&amp;bkmk=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5300&amp;title=Islamic+banks%E2%80%99+share+set+to+rise+in+Turkey" title="Bookmark this post on Google." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/google.png" alt="Google" title="" width="16" height="16"></a> <a href="http://bookmarks.yahoo.com/myresults/bookmarklet?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5300&amp;t=Islamic+banks%E2%80%99+share+set+to+rise+in+Turkey" title="Bookmark this post on Yahoo." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/yahoo.png" alt="Yahoo" title="" width="16" height="16"></a> <a href="http://del.icio.us/post?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5300&amp;title=Islamic+banks%E2%80%99+share+set+to+rise+in+Turkey" title="Bookmark this post on del.icio.us." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/delicious.png" alt="del.icio.us" title="" width="16" height="16"></a> <a href="http://www.linkedin.com/shareArticle?mini=true&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5300&amp;title=Islamic+banks%E2%80%99+share+set+to+rise+in+Turkey&amp;summary=According+to+Turkish+Deputy+Prime+Minister+Ali+Babacan%2C+the+number+of+participation+bank+branches+has+reached+869%2C+thier+size+of+assets+has+increased+to+81.5+billion+Turkish+Liras.+Therefore%2C+the+participation+banks%E2%80%99+share+in+assets+is+5+percent+and+in+funds+it%E2%80%99s+6+percent.+However%2C+these+figures+are+below+expectations%2C+he+added.+The+minister+stated+that+the+tax+difference+between+sukuk+and+bonds+has+been+removed%2C+legislation+related+to+Islamic+financing+has+been+completed%2C+and+the+private+pension+system+has+become+able+to+be+built+on+non-interest+instruments.+Moreover%2C+Turkey+has+expressed+its+intention+to+create+a+legal+basis+for+Takaful+insurance%2C+since+Bahrain-based+Albaraka+is+planning+to+found+an+Islamic+insurance+firm.+Furthermore%2C+two+new+participation+banks+from+the+Gulf+countries+had+been+preparing+to+enter+to+the+country.%0A&amp;source=IslamicFinance.de" title="Publish this post to LinkedIn" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/linkedin.png" alt="LinkedIn" title="" width="16" height="16"></a> <a href="http://digg.com/submit?phase=2&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5300&amp;title=Islamic+banks%E2%80%99+share+set+to+rise+in+Turkey" title="Digg this post on digg.com" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/digg.png" alt="Digg" title="" width="16" height="16"></a>
</div>

CORRECTED-Albaraka Turk to issue $200 mln sukuk when conditions appropriate

CORRECTED-Albaraka Turk to issue $200 mln sukuk when conditions appropriate

Bahraini lender Al Baraka Bank's Turkish unit is working on the issue of a $200 million sukuk, Al Baraka Turk general manager Fahrettin Yahsi said on Wednesday. Yahsi explained the sukuk would be issued when market conditions allowed and added that the…

Istanbul bourse targets being Islamic finance center

Istanbul bourse targets being Islamic finance center

<p>Borsa Istanbul (BIST) aims to become one of the most prominent centers that work in accordance with the principles of participation banking in the Middle East, Europe and Africa. Capital Markets Board (SPK) has prepared a regulation on non-interest financing tools, such as five new types of Islamic bond. The new rules, which were sent to Prime Minister&rsquo;s office for approval this week, will allow Turkish corporate and banks, as well as the Treasury, to issue the world&rsquo;s most widely used types of sukuk, giving them access to a wider pool of investors via a global market estimated at more than $100 billion. Turkey has also started an initiative to allow companies from 60 countries, chosen according to BIST&rsquo;s vision of &ldquo;Istanbul International Finance Center,&rdquo; to sell their capital market tools in Istanbul and also to buy and sale of tools which are already sold.</p>
<div>
<div>Source:&nbsp;</div>
<div>
<div>
<p><a href="http://www.hurriyetdailynews.com/istanbul-bourse-targets-being-islamic-finance-center.aspx?pageID=238&amp;nID=47984&amp;NewsCatID=346" title="http://www.hurriyetdailynews.com/istanbul-bourse-targets-being-islamic-finance-center.aspx?pageID=238&amp;nID=47984&amp;NewsCatID=346">http://www.hurriyetdailynews.com/istanbul-bourse-targets-being-islamic-f…</a></p>
</div>
</div>
</div>
<div>
<a href="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5206&amp;layout=button_count&amp;show_faces=false&amp;action=like&amp;colorscheme=light&amp;width=100&amp;height=21&amp;font=&amp;locale=" title="I Like it" rel="nofollow" target="_blank"><span>Facebook Like</span></a> <a href="http://www.islamicfinance.de/?q=node/5206" title="Plus it" rel="nofollow" target="_blank"><span>Google Plus One</span></a> <a href="http://twitter.com/share?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5206&amp;count=horizontal&amp;via=&amp;text=Istanbul%20bourse%20targets%20being%20Islamic%20finance%20center&amp;counturl=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5206" title="Tweet This" rel="nofollow" target="_blank"><span>Tweet Widget</span></a> <a href="http://www.islamicfinance.de/?q=node/5206" title="Share on Linkedin" rel="nofollow" target="_blank"><span>Linkedin Share Button</span></a> <a href="http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5206&amp;t=Istanbul+bourse+targets+being+Islamic+finance+center" title="Share on Facebook." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/facebook.png" alt="Facebook" title="" width="16" height="16"></a> <a href="http://www.google.com/bookmarks/mark?op=add&amp;bkmk=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5206&amp;title=Istanbul+bourse+targets+being+Islamic+finance+center" title="Bookmark this post on Google." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/google.png" alt="Google" title="" width="16" height="16"></a> <a href="http://bookmarks.yahoo.com/myresults/bookmarklet?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5206&amp;t=Istanbul+bourse+targets+being+Islamic+finance+center" title="Bookmark this post on Yahoo." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/yahoo.png" alt="Yahoo" title="" width="16" height="16"></a> <a href="http://del.icio.us/post?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5206&amp;title=Istanbul+bourse+targets+being+Islamic+finance+center" title="Bookmark this post on del.icio.us." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/delicious.png" alt="del.icio.us" title="" width="16" height="16"></a> <a href="http://www.linkedin.com/shareArticle?mini=true&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5206&amp;title=Istanbul+bourse+targets+being+Islamic+finance+center&amp;summary=Borsa+Istanbul+%28BIST%29+aims+to+become+one+of+the+most+prominent+centers+that+work+in+accordance+with+the+principles+of+participation+banking+in+the+Middle+East%2C+Europe+and+Africa.+Capital+Markets+Board+%28SPK%29+has+prepared+a+regulation+on+non-interest+financing+tools%2C+such+as+five+new+types+of+Islamic+bond.+The+new+rules%2C+which+were+sent+to+Prime+Minister%E2%80%99s+office+for+approval+this+week%2C+will+allow+Turkish+corporate+and+banks%2C+as+well+as+the+Treasury%2C+to+issue+the+world%E2%80%99s+most+widely+used+types+of+sukuk%2C+giving+them+access+to+a+wider+pool+of+investors+via+a+global+market+estimated+at+more+than+%24100+billion.+Turkey+has+also+started+an+initiative+to+allow+companies+from+60+countries%2C+chosen+according+to+BIST%E2%80%99s+vision+of+%E2%80%9CIstanbul+International+Finance+Center%2C%E2%80%9D+to+sell+their+capital+market+tools+in+Istanbul+and+also+to+buy+and+sale+of+tools+which+are+already+sold.%0A&amp;source=IslamicFinance.de" title="Publish this post to LinkedIn" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/linkedin.png" alt="LinkedIn" title="" width="16" height="16"></a> <a href="http://digg.com/submit?phase=2&amp;url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5206&amp;title=Istanbul+bourse+targets+being+Islamic+finance+center" title="Digg this post on digg.com" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/digg.png" alt="Digg" title="" width="16" height="16"></a>
</div>

Barwa Bank joint lead manager for ABT sukuk

Barwa Bank joint lead manager for ABT sukuk

Barwa Bank has acted as joint lead manager on Albaraka Turk Participation Bank’s (ABT) $200m Tier 2 sukuk. This transaction represents the first Sukuk Murabaha transaction issued in the international capital markets from Turkey. Barwa Bank has been inv…

KFH-Research: Participation banks growing rapidly in Turkey

KFH-Research: Participation banks growing rapidly in Turkey

KFH-Research issued a report stating that participation banks (Islamic banks) in Turkey form 5.2% of banking assets and will reach 10% by 2018, since those banks surpass the rest of the banking sector and have steady financing growth over 20% per year….

Advertisement

Recently Commented

Photo Gallery

Anmelden