New Opportunities For Sukuk İn Turkey

The Arabic term for Islamic securities Sukuk , commonly refers to the Islamic equivalence of bonds. The Islamic ban on interest payments is the root cause of the Islamic financial instruments such as Sukuk that provides the investor a share of an asset and its cash flows and involved risks. Many of the well know firms in South Eastern Asia and the Middle East have already been exploiting such Islamic financial instrument markets in order to provide the necessary funds for their operations. After decades long neglect Turkey's interets towards Islamic compliant financial instruments has recently awakened.

Expanding Market

Turkey is relatively a new, however a strong comer to the Sukuk market. In September 2012 Turkish Treasury issued a 1.5 billion dollars worth of Sukuk which attracted a 1.9 billion dollars worth order from 95 investors all around the world. The Sukuk sales has already reached 1 billion dollars as of May 2013 and it is expected to treble that amount