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  • Kuveyt Turk Issues Sukuk Linked to Turkish CPI

Kuveyt Turk Issues Sukuk Linked to Turkish CPI

today 25 April 2016 GMT
By Islamic Finance Foundation
Photo Credit: Flickr/Moyan Brenn

Sukuk linked to Consumer Price Index (CPI) rate will provide investors protection against rising inflation in Turkey.


The short term sukuk, known as rental certificates in Turkey was issued with a maturity of 729 days. The issue was subscribed by means of a private placement at a profit rate of 3.39 % above the CPI rate.


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