Lebanon's Bank Audi said it had won approval to open a subsidiary deposit bank in Turkey with share capital of $300 million.
Audi, which already operates in several countries in the Mena, said its decision to expand into Turkey came as
Kuwait Finance House's Turkish unit Kuveyt Turk has launched a $350 million five-year sukuk issue, according to a document issued by leads.
The paper will carry an initial profit rate of 5.875 percent, which is inside the 6 percent ar
Bahrain-based Albaraka Banking Group (ABG) said its Turkish unit Albaraka Türk Katılım Bankas has successfully closed a $350 million dual-currency syndicated murabaha financing facility.
Several major banks including ABC Islamic,
Albaraka Banking Group said its Turkish subsidiary has mandated several major banks to arrange a $150 million dual-currency syndicated finance facility to expand its activities in the country.
Albaraka Türk said the banks involved in the a
Kuwait Finance House, the country's biggest Islamic lender, said on Monday its Turkish unit has obtained a licence to operate in the United Arab Emirates.
The new bank, the Kuwait Turkish Participation Bank, will operate in the Dubai Inter