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Islamic Finance Briefing - Categorized | Banking, Emerging Trends more

International links to boost Turkey’s Islamic banks?

Posted on 13 September 2011

Turkey’s Islamic banking sector has grown strongly over the past five years, with total sector assets accounting for about five percent of total system assets as of year-end 2010 compared with 2.8 percent five years earlier.
Other developments in this sector over the past 18 months have included; A law conferring tax neutrality on Sukuk products; A $100 million debut Sukuk by Kuveyt Türk (not rated); the launch of several Shari’ah-compliant funds; and The creation of a domestic index of Shari’ah-compliant banks and companies by the Istanbul Stock Exchange……………………………………….Full Article: Source

 
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