Kuwait Finance House
Turkey's Treasury hires banks for lease certificate issue
The Treasury and Finance Ministry said on Feb. 12 it has mandated Citigroup, Kuwait Finance House and Standard Chartered for a U.S. dollar denominated lease certificate issuance on the international capital markets.
Kuwait Finance House pivots to Turkey as it mulls Malaysia exit
Kuwait Finance House (KFH) is exploring the possible sale of its Malaysia unit, as the Islamic lender looks for a leaner structure while seeking greener pastures through its Turkish franchise.
Kuveyt Türk preps July launch of Germany's first Islamic bank
Turkish lender Kuveyt Türk said on March 22 it would launch Germany?s first full-fledged Islamic bank in July, a first step intended at offering sharia-compliant retail banking services across the continent.
Turkey treads fine line as state-run trio eye Islamic banking
Three Turkish state-run banks plan to launch Islamic units, widening the reach of interest-free finance in the majority Muslim nation, but the government is treading a fine line between promoting the sector and hurting incumbents.
Turkey is pushing ahead with plans for Halkbank, Ziraat Bank and Vakıfbank to set up stand-alone Islamic banks, known locally as participation banks.