The OIC Ministers Responsible for Water embraced the OIC Water Vision at the conclusion of their Conference which was held in Istanbul, Turkey, from 5 to 6 March 2012.
The host of the conference was the Ministry of Forestry and Water Affairs of Turkey….
Bahraini Islamic bank Al Baraka Banking Group set its purpose for 15% growth in net profit this year and wants to buy a 75pc stake in an unlisted Indonesian bank as part of its global expansion plan.
Adnan Ahmed Yousif, Al Baraka’s chief executive, rev…
It seems that Citigroup Europe is interested in entering into the sukuk market in Turkey. The statement came from Alberto Verme, the group’s Middle East and Africa (EMEA) board director.
Interest-bearing bonds are not permissible in Islam., so sukuk …
Adnan Ahmed Yusuf Abdulmalek, head of Union of Arab Banks, noted that interest by Gulf lenders in Turkey’s Islamic banking market is on the rise. Leading Arab banks are currently inspecting opportunities to penetrate Turkey’s growing finance market…
According to the chairman of Kuwait Finance House in Turkey, Mr. Mohammed Al-Omar, the bank plans to go on with its pivotal role in the Turkish market, in addition to binding its strategy that is based on strengthening economic relations with neighbori…
Ahmad Mohamed Ali, the president of the Islamic Development Bank (IDB), has given notice that the euro zone sovereign debt crisis is adversely affecting the Bank’s member countries and urged European leaders to find the right solutions and not to repea…
Kuveyt Türk Chairman Mohammed Al-Omar, Vice Chairman Abdullah Tivnikli and CEO Ufuk Uyan was present at at the signing ceremony and press conference for the second “Sukuk” issuance that accepted great interest from the Gulf Region and European investo…
This is the first Turkish Sukuk under the new Sukuk regulations presented by the Capital Markets Board in Turkey to facilitate Turkish Sukuk issuance.
The joint lead managers were HSBC, Standard Chartered, Liquidity Management House, Abu Dhabi Islamic …
Noor Islamic Bank has been assigned to arrange and lead manage more than US $1.4 billion Islamic finance capital market deals in Turkey in the last 18 months, making it the most active UAE bank in the republic.
Noor revealed details of its financial de…
A strong demand for a sukuk launched by Turkish bank Kuveyt Turk last month underlines how Turkey has the chance to become a major source of Islamic bonds for Gulf investors who are looking to diversify geographically.
The $350 million sukuk was only t…
