| From Arabnews.com: One of the potentially most important developments in the global sukuk market this year is the launching in August of a 3-year $100 million Wakala sukuk by Istanbul-based Kuveyt Turk Participation Bank, in which global Islamic banking major, Kuwait Finance House (KFH), has a controlling 62 percent equity stake.
While issuers in Malaysia, Bahrain, the UAE and Saudi Arabia are now familiar with going to the financial markets to raise funds through sukuk for various reasons, the Kuveyt Turk issuance is the first sukuk or Islamic securities - corporate or sovereign - to come from Turkey...............................................Full Article: Source
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