| The following borrowers are expected to sell Islamic bonds, which use asset returns to pay investors to comply with the religion’s ban on interest. Global sales of sukuk climbed to $18.1 billion in 2011, from $12.7 billion a year earlier, according to data compiled by Bloomberg.
KUVEYT TURK KATILIM BANKASI AS: A Turkish Islamic bank part-owned by Kuwait Finance House (KFIN) KSC got approval to sell $350 million of Islamic bonds, the market regulator in Ankara said in a weekly report published on its website..............................................Full Article: Source
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