Islamic Finance
Regulation, Risk & Compliance
Uncategorized
Kuveyt Turk gets nod for 2 bln lira sukuk, closes Dubai unit
Turkish participation bank Kuveyt Turk has received regulatory approval to raise 2 billion lira ($555.8 million) via Islamic bonds, or sukuk, as it expands its domestic footprint while winding-down its Dubai unit. The sukuk would add to the bank's previous taps of Turkey's domestic market, after it raised a combined…
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