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Kuveyt Türk introduces new Islamic security

Posted on 20 August 2010

From Todayszaman.com: The sukuk, an Islamic financial certificate similar to a bond, has made its debut on the Turkish market with participation bank Kuveyt Türk raising funds through a $100 million three-year issue, which is expected to boost funds inflow to the country.
The bank has become the first financial institution in Turkey and Europe to issue sukuk securities, led by Citigroup and the Liquidity Management House (LMH). The financing received one-and-a-half times more demand than anticipated……………………………………….Full Article: Source

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


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