Turkey Moves Closer to Middle East Through Shariah Finance

Interest in Shariah finance is on the rise in Turkey, bolstering its ties with the Middle East and paving the way for a new growth market for Islamic bonds.

“The emergence of sukuk in Turkey is a socio-political issue,” law firm Norton Rose senior debt capital markets attorney Rizwan Kanji said.

“Turkey is looking to align itself more to the Arab world than the West.”



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