Turkey’s Islamic banking sector has grown strongly over the past five years, with total sector assets accounting for about five percent of total system assets as of year-end 2010 compared with 2.8 percent five years earlier.
Other developments in this sector over the past 18 months have included; A law conferring tax neutrality on Sukuk products; A $100 million debut Sukuk by Kuveyt Türk (not rated); the launch of several Shari’ah-compliant funds; and The creation of a domestic index of Shari’ah-compliant banks and companies by the Istanbul Stock Exchange..............................................Full Article: Source
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