It is no surprise that in times of global and local economic uncertainties, people are more tend to look for a safe haven to wait for the fluctuations to come to an end.

Turkey has already committed to developing Islamic finance and increasing the related coordination in its latest five-year development plan and the new government's program.

Over the past several months, the Turkish Parliament has been negotiating an omnibus bill to promote the investments in Turkey by way of reducing transactional costs and providing specific incentives.

The Islamic finance system has arisen due to various religious and economical reasons and, in general, it is a system where any and all kinds of financial activities and transactions are applied within the scope of Islamic rules.

The Islamic finance system has arisen due to various religious and economical reasons and, in general, it is a system where any and all kinds of financial activities and transactions are applied within the scope of Islamic rules.

In this memorandum, the mechanics of Sukuk Issuance is broadly outlined and some key information is provided about the regulations on sukuk issuance in TR.

A discussion which explores the opportunities for Islamic securities Sukuk in Turkey.

Islamic finance has been gaining ground in global markets as well as in Turkey throughout the recent years.

The last decade in Turkey has seen an immense macro-economic growth that spilled over to various different branches of the national economy.

Sukuk are Islamic investment certificates which entitle investors to an economic interest in the underlying assets supporting the issuance.

With more than 600 institutions worldwide and with estimated $ 1.4 trillion Sharia-compliant assets in 2014, Islamic Finance market in Turkey keeps growing and such growth is likely to continue in the future.

The Board was established by a Circular numbered 2015/17, published in Official Gazette number 29563 on 15 December 2015 ("Circular").

Islamic financing in various forms and shapes is playing an increasingly important role within the overall money markets.

Islamic financing or Islamic banking as the main pillar of the Islamic financing has been traditionally defined as the system of banking or banking activity that is consistent with the principles of the Shari'ah (Islamic rulings).

Despite the fact that a considerable Muslim population lives in Turkey, the legal basis of Sukuk as the financial instrument, which is a free interest financing model has been set up with the Communiqué Series III...

Turkey’s first regulation for Islamic Finance was realized during the 1980s, during a period of liberalization as part of a plan to attract foreign direct investments.

The term "Islamic finance" refers to the financing system that follows Shariah. Compliance with Shariah is different from the traditional debt-financing systems that exist in the Western banking system.

The Arabic term for Islamic securities, 'sukuk', is commonly used to refer to the Islamic equivalent of bonds.

Islamic finance is growing at a considerable pace throughout the world.

On, 20th September 2017 ,The Undersecretariat of Treasury of Turkish Prime Minister's Office published a circular on ‘'Working Principles and Operating Procedures for Participation Insurance''.