CAPITAL MARKETS - Turkish cleric’s article on bonds disturbs Islamic lenders

www.hurriyetdailyews.com - Participation banks withdraw from a Treasury auction, fearing that the government’s revenue index bonds yield interest income, which is not religiously appropriate. Debate comes after an opinion by a leading consultant

A top consultant for Turkey’s participation banks said that Treasury-issued revenue-linked bonds are no different than government bonds, as both are based on interest, according to daily Vatan. Professor Hayrettin Karaman’s fatwa-like comments shocked participation banks, which decided not to bid for new revenue-linked bonds.  (source)

CAPITAL MARKETS - State debt securities GES Revenue Indexed Bonds

www.yenisafak.com - Nowadays, Agricultural Bank bonds, the income-indexed Treasury bonds (GES), we read news that it will export.
Not see the interest people have dinner in a country subject to the secular mind and will do against them, there is nothing to say.
Who wish to avoid eating haram interest and interest to those who believe that I need to make some comments.  (source)

CAPITAL MARKETS - Top advisor to participation banks says GES Revenue Indexed Bonds equal to gov't bonds

www.todayszaman.com - Comments from theologian Hayrettin Karaman, top advisor to Turkish participation banks -- which refrain from being involved in financial activities deemed forbidden in Islam, claimed on Feb. 19 that revenue-indexed bonds (GES) are no different than government bonds in terms of interest charged and this has created a difficult situation for participation banks in Turkey, which hold $1 billion in GES.  (source)