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Turkiye Finans, Zorlu Energy get approval for sukukTurkey's Capital Markets Board has approved issuance of ringgit-denominated Islamic bonds (sukuk) by Turkiye Finans Katilim Bankasi and a debut lira-denominated deal by Zorlu Energy. Islamic lender Turkiye Finans would raise u More… |
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Turkish Islamic bank to establish in BahrainTurkish Islamic lender Turkiye Finans Katilim Bankasi plans to establish a presence in Bahrain, in what would be its first overseas foray and a welcome addition to the Kingdom's Islamic banking sector. Turkiye Finans, in which More… |
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Turkish Islamic bank profit up 61pcTurkish Islamic bank Turkiye Finans, which is majority-owned by Saudi's National Commercial Bank, said its net profit rose 61 per cent year-on-year to 145 million lira ($80.3 million) in the first half. The bank has also More… |
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NCB takes 60pc stake in Turkey bankSaudi National Commercial Bank has agreed to pay $1.08 billion for a 60 percent stake in Turkish Islamic lender Turkiye Finans, the two firms said. The ruling AK Party has encouraged Gulf investment into Turkey, and the news comes just a f More… |
