IslamicFinance.de

The chairman of Istanbul's Stock Exchange, ?brahim Turhan, has said that public offerings of debt instruments is increasing. He made the comments in response to questions from press members after the 11th Synergy Meeting held in Bursa by the Balkan and Rumelia Industry and Business Association (BALKANS?AD). He also announced for the first time that the Islamic Development Bank, of which the Turkish Treasury is also a shareholder, will be quoting non-interest bearing notes (sukuk) of $10 billion at Istanbul's Stock Exchange Market. He added that soon a major insurance company will be offered to the public, followed by an important bank due for a capital increase.