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Islamic Finance
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RAM Ratings assigns AA3 preliminary rating to Kuveyt Turk's MYR Sukuk
Kuveyt Türk is the largest Islamic bank in Turkey, with an asset base of TRY 30 billion as at end-June 2014. The ratings incorporate a high likelihood of extraordinary support from the bank’s major shareholder, Kuwait Finance House KSC, which owns a 62 per cent-stake. As the second-largest bank in…
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