BANKING - Noor Islamic Bank: can open up an office in Turkey

www.finansglobal.com - Noor Islamic Bank operating in the field of Islamic finance in Turkey is evaluating opening an office announced.

Hussain Al Qemzi, CEO of Dubai-based Noor Islamic Bank, one of Turkey's Islamic finance pointed out that the most important markets in terms of focus, düşünebileceklerini to open an office in Turkey, said that in the future.

According to the news in Sabah, Turkey, Islamic banks and major collaborations in terms of funding went to Al Qemzi noted, "Turkey in terms of Islamic finance, we focused on the Gulf countries and South East Asia. One of the best markets in Turkey. Turkey as in other European countries worst affected by the global crisis. The Turkish economy is well diversified. I have a strong domestic market only and is not connected to Europe. One of the best markets in terms of Islamic finance, "he said. (source)

CAPITAL MARKETS - Noor Islamic has sukuk mandates in Gulf, Turkey- CEO

* Mandates for Islamic bond between $250 mln-$300 mln

* Lender has no expansion plans for time being

By Shaheen Pasha

DUBAI, April 12 (Reuters) - Noor Islamic Bank has two sukuk, or Islamic bond mandates, one each in the Gulf region and Turkey, the Dubai-based lender's chief executive said on Tuesday.

The deal size on both issues would be between $250 million to $300 million, Hussain Al Qemzi told reporters on the sidelines of a conference in Dubai. (full story)