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

Albaraka Turk set to rekindle Turkish corporate Sukuk issuance

Posted on 09 January 2012

Another sign of how the dynamics of the global financial crisis, especially the on-going euro zone debt crisis and the credit crunch, are affecting more stable economies in the emerging countries and where relevant including their Islamic finance and especially sukuk market, is the postponement of the proposed sukuk offerings of two of Turkey’s participation banks, Al Baraka Turk Katilim Bankasi (Albaraka Turk Participation Bank (ATPB) and Bank Asya.

Both were supposed to close their sukuk offerings by the end of 2012. The general reason for the postponement was adverse market conditions, but in reality they differed for each institution………………………………………Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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