tag:blogger.com,1999:blog-81894571889559224222024-03-13T13:05:25.200+03:00Islamic Finance TurkeyUnknownnoreply@blogger.comBlogger818125tag:blogger.com,1999:blog-8189457188955922422.post-3530143067327153942012-09-28T03:54:00.000+03:002012-09-28T03:54:30.894+03:00BANKING - Islamic bank Kuveyt Turk plans launch in Germanywww.kippreport.com -Hopes to apply for full banking licence in October; Will be headquartered in Frankfurt; To target non-Muslims as well as Muslims
September 11, 2012 9:59 by Reuters
Turkish bank Kuveyt Turk plans to launch Germany’s first
full-fledged Islamic bank, aiming to tap into demand for ethical finance
in the wider population as well as within Europe’s Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-35895440710695950792012-09-28T03:50:00.000+03:002012-09-28T03:50:28.567+03:00CAPITAL MARKETS - Sukuk income to be injected to giant projectswww.invest.gov.tr -Hurriyet
- According to the bankers, Turkey will secure financial resources from
a brand-new sector with its new Islamic banking product and that the
country can finance mega-projects such as the construction of the third
bridge with this income. The total volume of global sukuk issuance was
around USD 90 billion in 2011, whereas the same amount was achieved
during Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-12671144592835240062012-09-28T03:47:00.002+03:002012-09-28T03:47:19.589+03:00CAPITAL MARKETS - Turkey seeks advice on its proposed sovereign sukukwww.saudigazette.com.sa -LONDON – The announcement by the Turkish Treasury a
few days ago that it had mandated Citigroup, HSBC and Liquidity
Management House (LMH), the investment bank subsidiary of Kuwait Finance
House, “to explore opportunities for a possible Lease Certificate
issuance in the international capital markets” could not be more
Turkspeak.
In reality the mandate is to advise Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-7674272130786615022012-09-28T03:39:00.003+03:002012-09-28T03:39:56.771+03:00RATNGS - Moody's assigns (P)Ba1 rating to Turkey's upcoming sovereign sukuk; positive outlookwww.moodys.com -London, 05 September 2012 -- 5 September 2012 -- Moody's Investors Service has
assigned a provisional foreign currency rating of (P)Ba1 to Turkey's
proposed US dollar-denominated sovereign sukuk. The outlook
is positive.
RATINGS RATIONALE
In Moody's opinion, the obligations that would be incurred
by the sukuk rank pari passu with other senior, unsecured debt issuances
Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-5359679927528079292012-09-28T03:36:00.001+03:002012-09-28T03:36:07.429+03:00CAPITAL MARKETS - Moody’s move whets appetite for sukuk certificates in liraswww.hurriyetdailynews.com -Turkish
participation banks are eager to begin issuing lira based sukuk
certificates, as Moody’s upgrades Turkey’s sukuk issue outlook to
positive with a ‘Ba1’ ratin.
Moody’s upgraded yesterday its outlook for Turkey’s sukuk issue to
positive and gave it a “Ba1” rating on the heels of news that the
Turkish Treasury had mandated three international banks – Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-1224170124138041082012-09-28T03:31:00.001+03:002012-09-28T03:31:25.382+03:00RATNGS - Fitch affirms Turkey's Bank Asya; drops ratingswww.reuters.com - (The following statement was released by the rating agency)
Sept 06 - Fitch Ratings has affirmed Turkey-based Asya Katilim Bankasi A.S.'s
(Bank Asya) Long-term foreign currency and local currency Issuer Default Ratings (IDR)
at 'B+' with Stable Outlook, Short-term foreign and local currency IDRs at 'B', National
Long-term rating at 'A-(tur)' with Stable Outlook, Viability Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-68681205180960290032012-09-28T03:27:00.000+03:002012-09-28T03:27:09.888+03:00BANKING - Noor Islamic Bank looks Eastwww.emirates247.com - Dubai-based Noor Islamic Bank is turning to the East, as it seeks to
expand its international footprint beyond the Middle East and Turkey.
The bank, a leading Islamic finance provider in the UAE, believes the
emerging economies of South East Asia, in particular, will provide
significant opportunities for it to further grow its multi-billion
dollar, cross border businessUnknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-14877224947292340212012-09-28T03:23:00.000+03:002012-09-28T03:23:26.641+03:00CAPITAL MARKETS - Turkey takes first steps to Sukukwww.cpifinancial.net - A statement from the Undersecretariat of the Treasury in Turkey said,
“Citigroup, HSBC and Liquidity House (a Kuwait Finance House subsidiary)
have been mandated to explore opportunities for a possible Lease
Certificate issuance in the international capital markets.” (source)
Source: http://www.cpifinancial.net/news/post/15553/Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-43533294353523782702012-09-28T03:19:00.005+03:002012-09-28T03:19:58.927+03:00BANKING - Germany could get first Islamic bankwww.thenational.ae - BERLIN // Bank Kuveyt Türk, based in Instanbul, plans to set up the
first Islamic bank in Germany next year to tap into a potential market
of more than four million Muslims.
An official at the German branch of Kuveyt Türk, majority-owned by
Kuwait Finance House, said on Monday the bank was preparing its
application for official approval. (source)
"We haven't issued a Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-64329588970050225042012-09-28T03:16:00.000+03:002012-09-28T03:16:22.789+03:00BANKING - REGULATIONS - Gold under the mattresswww.bne.eu - News that Turkey's banking regulator BDDK has drafted regulations that
will allow banks to sell all kinds of gold has been greeted with anger
by Turkey's jewellers, who have until now held a near monopoly on the
trade, and with surprise by those unfamiliar with the "unorthodox"
monetary policy being implemented by the Turkish central bank.
While the draft regulation allowing Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-17527307050377059382012-09-28T03:10:00.000+03:002012-09-28T03:10:11.710+03:00CAPITAL MARKETS - Al Baraka revives debut sukuk on record-low yieldswww.gulfnews.com -Dubai: Nine months after cancelling its
debut sale of Islamic bonds because yields were too high, Al Baraka
Banking Group’s Turkish unit is back approaching investors as borrowing
costs tumble to record lows.
Al Baraka Turk Katilim
Bankasi AS will offer as much as $250 million (Dh917 million) of
seven-year dollar-denominated sukuks this year, Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-7322034184109023962012-09-28T03:04:00.000+03:002012-09-28T03:04:15.289+03:00BANKING - First Islamic Bank to Be Opened in Germany Octen.ria.ru -Turkey's Kuveyt Turk investment fund plans to open the first Islamic
bank in Germany in October 2012, Financial Times Deutschland reported on
Wednesday.
Kuveyt Turk plans to open its first branch, following the principles
of sharia law, in Frankfurt-am-Main in cooperation with Ernst &
Young auditing company and Norton Rose law firm. (source)
Sharia prohibits a fixed or Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-16934579818749019182012-09-28T02:59:00.001+03:002012-09-28T02:59:15.991+03:00BANKING - Albaraka Turk Plans to Raise as Much as $750 Million in 2012www.bloomberg.com - Albaraka Turk Katilim Bankasi AS (ALBRK),
the Turkish unit of Bahrain’s AlBaraka Banking Group (BARKA), plans to
raise as much as $750 million through syndicated financing and
an Islamic bond sale this year, the group chief executive said.
The bank may raise between $400 million and $500 million
from a so-called syndicated murabaha facility next week, CEO
Adnan Yousif said Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-71583570371868818302012-09-28T02:54:00.000+03:002012-09-28T02:54:08.521+03:00REAL ESTATE - QInvest advises Turkey REIT on $50mn ‘murabaha’ finance facilitywww.gulf-times.com - QInvest
has advised a Turkey-based Real Estate Investment Trust (REIT) on the
latter’s $50mn syndicated ‘murabaha’ finance facility.
QInvest acted as sole book runner and structuring advisor to İş
Gayrimenkul Yatırım Ortaklığı (İş REIT), which entered into a financing
agreement with a syndicate of banks from the Gulf Cooperation Council
(GCC).
The finance facility Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-32953221320932262302012-09-28T02:48:00.000+03:002012-09-28T02:54:45.657+03:00REAL ESTATE - İş REIT Signs US$ 50 million Syndicated Murabaha Facility www.qinvest.com -
2-year syndicated US Dollar Murabaha facility.
QInvest acting as Sole Bookrunner and Structuring Advisor.
Qatar Islamic Bank acting as Initial
Mandated Lead Arranger with Barwa Bank, First Gulf Bank and Mashreq Bank
as Mandated Lead Arrangers.
İş Gayrimenkul Yatirim Ortakligi A.S (“İş
REIT” or the “Company”) has signed a US$ 50 million Murabaha facility
Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-48227066330018980592012-08-20T07:05:00.000+03:002012-08-20T07:05:09.551+03:00RATNGS - Standard and Poors reaffirms Albaraka Turk participation bank's credit ratingwww.ameinfo.com - The rating signifies a positive view of Al Baraka Turk Participation
Bank and its strong financial fundamentals and position in the Turkish
market. The rating reaffirmation is also a confirmation of Al Baraka
Turk Participation Bank's good performance that has been consistent over
the years.The Chairman of Al Baraka Turk Participation Bank Mr.
Adnan Ahmed Yousif said "The Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-36348307738241216622012-08-13T03:19:00.000+03:002012-08-13T03:19:40.145+03:00BANKING - Bank Asya campaign to support 1,000 studentswww.todayszaman.com - Turkey's leading Islamic
participation bank, Bank Asya, has announced that it will provide a
monthly stipend to 1,000 students as part of its corporate social
responsibility.
The project, called “I'm schooling a
child,” was promoted at a press conference at the bank's headquarters
in İstanbul on Tuesday. Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-89378747999396265972012-08-13T02:30:00.000+03:002012-08-13T02:30:11.364+03:00BANKING - 2.5 tons of gold move from ‘under the pillow' to Bank Asya accountswww.todayszaman.com -Turkey's leading
participation bank Bank Asya's General Manager Abdullah Çelik has said
that they have taken in 2.5 tons of gold since March as a result of a
campaign to transfer what is called the "under-the-pillow" precious
metals as functioning assets to the national economy.
Offering customers a chance to Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-76718448828257232702012-08-06T06:07:00.004+03:002012-08-06T06:07:54.503+03:00CAPITAL MARKETS - Bank Asya - Is Investment review2012 Aug Isbank Bank Asya Review
Source: http://www.isyatirim.com.tr/WebMailer/files_att/2_20120803084732384_1.pdf - Aug 3, 2012Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-92130774391232526012012-08-06T06:01:00.000+03:002012-08-06T06:13:39.829+03:00FINANCE - Turkey's TAV says consortium including TAV secures $1.2 bln Islamic financewww.reuters.com - Turkey's TAV Havalimanlari
Holding said on Friday that a consortium including
TAV secured $1.2 billion in Islamic financing for Medina
Airport.
In an e-mailed statement TAV said that the Islamic financing
facility was secured from Arab National Bank, The National
Commercial Bank and The Saudi British Bank. (full story)
(Writing by Seda Sezer)
Source: http://Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-15019934052461113962012-07-25T05:41:00.000+03:002012-07-25T05:41:09.788+03:00FINANCE - $158 billion in Turkish funds in offshore accountswww.todayszaman.com - The amount of money stored
in offshore bank accounts by Turkey's wealthiest individuals and
businesses is worth $158 billion, says a report by the UK-based
financial transparency group Tax Justice Network.
The report, prepared by former
chief economist at consulting firm McKinsey and tax haven expert James
Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-66965885521061727752012-07-24T09:04:00.000+03:002012-07-24T09:04:43.913+03:00CLIPS - Turkiye Finans clipsSome Turkiye Finans 'youtube' clips
Turkiye Finans - Tup Bekek Finansmani
Turkiye Finans Reklami
Turkiye Finans Katilim Bankasi - Kambio
Turkiye Finans Katilim Bankasi - Acil Leasing
Turkiye Finans Kobi Bankacaligi Sektorel Paketler
Turkiye Finans Internet Bankaciligi
Turkiye Finans Kobi Bankacaligi Lansman
Turkiye Finans Reklam Filmi 2011
Turkiye Finans Su Damlasi
Turkiye Finans&Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-50152771957259904432012-07-20T01:51:00.000+03:002012-07-20T01:52:09.231+03:00BANKING - Albaraka Turk mandates for 1 year Murabaha Syndicationwww.finansglobal.com - Albaraka Turk, one-year term for $ 250 million murabaha syndicated loans the banks have signed a letter of appointment. Albaraka (Finansglobal) - ABC Islamic Bank (EC), Al Hilal Bank PJSC, Bank Islam Brunei Darussalam Berhad, Emirates NBD Capital Limited, Noor Islamic Bank PJSC and correspondent banks led by Standard Chartered Bank, one-year term murabaha syndication will Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-20698461718221688312012-07-18T15:14:00.002+03:002012-07-18T15:14:39.258+03:00CLIPS - Albaraka Turk Bank (English)
<p><hr class="more"></p>
Source: http://www.youtube.com/watch?v=EOTBHrT1_ww&feature=relmfuUnknownnoreply@blogger.comtag:blogger.com,1999:blog-8189457188955922422.post-22047273964251233142012-07-18T15:12:00.000+03:002012-07-18T15:12:12.534+03:00BANKING - '23 years of successful leadership of Kuwaiti private sector in Turkey' (Kuveyt Turk)www.menafn.com -(MENAFN - Arab Times) On March 31, 1989, KFH-Turkey began officially working in Istanbul as the first Islamic bank in Turkey.
The
bank was a result of the collaboration between relentless employees
from Kuwait and Turkey, who believed in establishing an Islamic bank
that depends of Kuwait's experience in this field and Turkey's promising
economy. This led to a bank that is a Unknownnoreply@blogger.com