Iul 24, 2021, 10:53

The head office of Kuveyt Turk, a subsidiary of Kuwait Finance House, is pictured in Istanbul

The head office of Kuveyt Turk, a subsidiary of Kuwait Finance House, is pictured in Istanbul May 27, 2013. When Turkish Prime Minister Tayyip Erdogan came to power a decade ago it would have been almost unthinkable for his government to issue an Islamic bond, given accusations it was seeking to erode Turkey's secular status. Kuveyt Turk, a subsidiary of Kuwait Finance House, was the first Turkish company to issue a sukuk when it borrowed $100 million in 2010. It then tapped the market in 2011 for a $350 million sharia-compliant issue. Picture taken May 27, 2013. REUTERS/Osman Orsal (TURKEY - Tags: BUSINESS) - RTX10521