IslamicFinance.de

Bank Asya clients are battling help the Turkish lender against what they say is a government-orchestrated bid to scuttle it. Turkish social networking sites are full of customer’s notices to raise funds to “Save Bank Asya from sinking!” The Islamic lender has more than a million deposit-holding customers and 282 branches. President Recep Tayyip Erdo?an targeted it as part of his attacks on the Islamic cleric Fethullah Gülen. Erdo?an has long accused Gülen - now based in the United States - of seeking to overthrow him.

On Thursday Turkish Islamic lender Bank Asya said it had mandated investment bank Is Yatirim for a sukuk issue worth up to 150 million lira with a one-year maturity.

More on: http://in.reuters.com/article/2012/09/27/bankasya-sukuk-idINL5E8KRCSF201...

Turkish Islamic lender Bank Asya has appointed ABC Islamic Bank, National Bank of Abu Dhabi, Noor Islamic Bank and Standard Chartered Bank as initial mandated lead arrangers and bookrunners for a US$150m syndicated dual currency murabaha financing.