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Islamic Finance Briefing - Categorized | Banking, Bonds (Sukuk) more

Turkish Islamic banks plan to sell bonds

Posted on 14 April 2011

Turkey’s Islamic banks are planning sukuk sales to take advantage of both the lowest borrowing costs in more than five years and the rising demand for the country’s securities. Türkiye Finans, Kuveyt Türk and Albaraka Türk, all at least part-owned by Persian Gulf lenders, said they plan to offer Islamic bonds this year.
Sukuks are bonds that comply with Islam’s ban on interest……………………………………….Full Article: Source

 
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