IslamicFinance.de

Turkey's Islamic bond market continues to improve after government sold its first lira-denominated sukuk. Major domestic companies are now considering the issuance of their own corporate bonds. The government's sukuk has also lured Middle East investors aiming to diversify their portfolios which could drive the sales of Sukuk-compliant products on Turkish market.

See more under: http://www.businessweek.com/news/2012-10-03/sukuk-taking-flight-as-airli...

Kuveyt Turk Katilim Bankasi AS is planning a second sale of Shariah-compliant debt for 2012. Kuveyt Turk, the Istanbul-based bank owned by Kuwait Finance House KSC, may sell more than $100 million of five-year sukuk. Islamic bond offerings may accelerate in the next 18 months, led by countries new to the market, Mohamed Damak, a Paris-based credit analyst at Standard & Poor’s. Policies to promote assets that follow Islamic law are spreading to Europe from Asia.