Turkey's Capital Markets Board has approved issuance of ringgit-denominated Islamic bonds (sukuk) by Turkiye Finans Katilim Bankasi and a debut lira-denominated deal by Zorlu Energy.
Islamic lender Turkiye Finans would raise u
Turkish Islamic lender Turkiye Finans Katilim Bankasi plans to establish a presence in Bahrain, in what would be its first overseas foray and a welcome addition to the Kingdom's Islamic banking sector.
Turkiye Finans, in which
Turkish Islamic bank Turkiye Finans, which is majority-owned by Saudi's National Commercial Bank, said its net profit rose 61 per cent year-on-year to 145 million lira ($80.3 million) in the first half.
The bank has also
Saudi National Commercial Bank has agreed to pay $1.08 billion for a 60 percent stake in Turkish Islamic lender Turkiye Finans, the two firms said.
The ruling AK Party has encouraged Gulf investment into Turkey, and the news comes just a f