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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Turkey: New sale of five year sukuk securities by Kuveyt Turk bank

Posted on 01 September 2010

From Balkans.com: Istanbul based Kuveyt Turk , which is owned by Kuwait Finance House KSC, could sell more than $100 million in five year sukuk securities, after a similar sized sale in August that was the first in Turkey since Islamic bonds were allowed on the market.
Sukuk bonds are Islamic certificates that have been introduced since fixed income, interest bearing bonds are not allowed in Islam as one is not supposed to receive income from money itself. In Islam money is considered a measure of value, but not an asset in of itself……………………………………….Full Article: Source

 
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