CAPITAL MARKETS - Turkey’s first Islamic fund to track Gulf finance

It is not possible for the country's first Islamic fund to outperfom the main ISE-100 Index of Istanbul Stock Exchange, a senior portfolio manager says. (source)

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.