Wednesday 21, February 2018 by Robin Amlôt

Albaraka Turk Participation Bank issues Turkey's first Exchange-Listed Tier 1 Sukuk

Albaraka Türk Participation Bank (a subsidiary banking unit of Al Baraka Banking Group) has successfully issued Turkey’s first-ever Tier 1 perpetual Sukuk and the country’s first Basel 3 compliant publicly-listed Tier 1 instrument. This pioneering transaction marks a key milestone for the Turkish Participation Banking Sector and a significant and critical innovation for the Turkish Banking Sector.

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