Turkey may become major sukuk source for Gulf investors
A strong demand for a sukuk launched by Turkish bank Kuveyt Turk last month underlines how Turkey has the chance to become a major source of Islamic bonds for Gulf investors who are looking to diversify geographically.
The $350 million sukuk was only the second sukuk issued from Turkey.
Although until now Gulf investors have not focused on bonds from Turkey, the relatively comfortable way in which Turkey's economy is coping with global weakness may change their mind.
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