BANKING - Albaraka Turk set to rekindle Turkish corporate sukuk issuance

Another sign of how the dynamics of the global financial crisis, especially the on-going euro zone debt crisis and the credit crunch, are affecting more stable economies in the emerging countries and where relevant including their Islamic finance and especially sukuk market, is the postponement of the proposed sukuk offerings of two of Turkey's participation banks, Al Baraka Turk Katilim Bankasi (Albaraka Turk Participation Bank (ATPB) and Bank Asya.

Both were supposed to close their sukuk offerings by the end of 2012. The general reason for the postponement was adverse market conditions, but in reality they differed for each institution.  (source)

FINANCIAL MARKETS - BSE, ISE Islamic equity indexes to open floodgates to a spate of offerings

By MUSHTAK PARKER | ARAB NEWS

Published: Jan 9, 2011 23:16 Updated: Jan 9, 2011 23:31 

The launch over the last few weeks by the Bombay Stock Exchange (BSE) and the Istanbul Stock Exchange (ISE) of their debut equity indexes which comply with non-interest based Islamic investment principles is potentially a major development for the Islamic capital market and asset management industry.

SUKUK - Kuveyt Turk's debut sukuk to open door for Turkey

LONDON: One of the potentially most important developments in the global sukuk market this year is the launching in August of a 3-year $100 million Wakala sukuk by Istanbul-based Kuveyt Turk Participation Bank, in which global Islamic banking major, Kuwait Finance House (KFH), has a controlling 62 percent equity stake.