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

Turkey’s tax change paves way for Sukuk sales

Posted on 03 November 2011

Islamic bond sales from Turkey are picking up pace after the government changed its tax law to apply the same rates to sukuk as non-Islamic debt.
Two banks, Asya Katilim Bankasi AS (ASYAB) and Albaraka Turk Katilim Bankasi AS (ALBRK), plan to sell as much as $500 million in Shariah-compliant debt after Kuveyt Turk Katilim Bankasi AS, a unit of Kuwait Finance House (KFIN) KSC, offered $350 million of five- year sukuk Oct. 20. ……………………………………….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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