Turkish authorities said they had decided to take over Bank Asya, the Islamic lender caught up in a feud between President Tayyip Erdogan and US-based Muslim cleric Fethullah Gulen.
The move was announced by the banking watchdog B
Qatar Islamic Bank (QIB) has entered into exclusive discussions to acquire a stake in Turkey's Bank Asya, the Qatari lender said in a statement.
"QIB is seeking to finalise the transaction within the next few months, subj
Turkey's Bank Asya has raised $250 million through a 10-year non-call five subordinated Islamic bond, according to one of the lead managers.
The notes priced at par to yield 7.5 per cent, in line with initial price thoughts of
Turkey's largest Islamic lender Bank Asya plans to issue a dollar-denominated sukuk, or Islamic bond, of around $200-$300 million within the next two to three months, chief executive Abdullah Celik said.
The Islamic lender wil
Dubai-based Noor Islamic Bank, as initial mandated lead arranger and book runner with ABC Islamic Bank, National Bank of Abu Dhabi and Standard Chartered Bank, has closed a $300-million dual currency Murabaha facility for Turkey’s Bank Asya.
ABC Islamic Bank, along with Noor Islamic Bank and Standard Chartered Bank, have been mandated by Turkey’s Bank Asya to arrange a $75 million (and/or equivalent in Euros) syndicated dual currency Murabaha financing facility.
The facility w