Sukuk

The Turkish Treasury and Finance Ministry on Nov. 25 said its issuance of a dollar-denominated bond due in 2031 finalized with a nominal amount of $2.25 billion, seeing high demand from international capital markets.

As part of the 2020 external financing program, Goldman Sachs, HSBC and Morgan Stanley were authorized on Nov. 24 to issue the bonds.

Turkey provided medical assistance to 125 countries amid the novel coronavirus pandemic, President Recep Tayyip Erdoğan said on June 14.

Speaking during the 12th International Conference on Islamic Economics and Finance via a video link,  Erdoğan said that Turkey is among the countries which are tacking the pandemic period with the least damage.

The Treasury and Finance Ministry said on Feb. 12 it has mandated Citigroup, Kuwait Finance House and Standard Chartered for a U.S. dollar denominated lease certificate issuance on the international capital markets.

The Finance and Treasury Ministry has announced that Euro denominated fixed rent rate lease certificates will be issued to the banks through direct sale method on Dec. 24 in local market.

U.S. President Donald Trump's choice to lead the FBI is a white-collar defense lawyer with a strong law enforcement background. But in Turkey the nomination of Christopher Wray has raised eyebrows, with Turkish media reporting his previous involvement in helping Bank Asya, linked to the movement of U.S.-based Islamic preacher Fethullah Gülen, open its gates to international markets. 

The asset volume of companies seized by the state has surpassed 40.5 billion Turkish Liras ($11.1 billion), Deputy Prime Minister Nurettin Canikli has said, adding that the state fund in charge of running these companies has become "one of the largest business holdings in the country."

Turkey's state-run Ziraat Bank has applied to the Capital Markets Board (SPK) to issue debt instruments of up to $4 billion abroad, an SPK bulletin stated on Dec. 28.

The Islamic Development Bank (IDB) will seek a strategic stake in Turkey's main stock exchange and collaborate on developing a gold trading platform for use by majority-Muslim countries, part of a broad agreement signed on Nov. 23.

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB); Aktif Bank, the largest privately-owned Investment Bank in Turkey; and Ijara Management Company (IMC), a specialized company offering comprehensive solutions for new and existing Islamic leasing (Ijara) companies, have signed an agreement to collaborate as

The Islamic lending arm of Turkey's state-run Ziraat Bank has applied to sell 1.5 billion lira ($501.9 million) worth of Islamic bonds, or sukuk, according to Turkey's Capital Markets Board (SPK).