Kuveyt Turk follows Al Baraka Turk into Islamic loan market
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Kuveyt Turk follows Al Baraka Turk into Islamic loan market

Turkish Islamic bank Kuveyt Turk has sent out an invitation letter to loans bankers for a murabaha facility. The approach comes a week after smaller Islamic bank Al Baraka Turk signed an oversubscribed $430m murabaha financing after launching the deal into syndication at $250m.

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