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Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

Kuveyt Turk, Almarai, Indonesia, Tenaga: Islamic bond alert

Posted on 19 October 2011

The following borrowers are expected to sell Islamic bonds, which use asset returns to pay investors to comply with the religion’s ban on interest. Global sales of sukuk climbed to $18.1 billion in 2011, from $12.7 billion a year earlier, according to data compiled by Bloomberg.
KUVEYT TURK KATILIM BANKASI AS: A Turkish Islamic bank part-owned by Kuwait Finance House (KFIN) KSC got approval to sell $350 million of Islamic bonds, the market regulator in Ankara said in a weekly report published on its website……………………………………….Full Article: Source

 
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