Sukuk eyes record as oil fall helps Turkey

By Dan Alderson
16 Oct 2014

The dollar sukuk market is on course for a photo finish with 2012’s record volume, with flydubai pushing forward plans for a debut deal and market participants suggesting volatile macroeconomic conditions have added impetus for another prospective borrower, Turkey.

Hopes had been fading before this week that 2014 would set a new record, with deals still $3bn short of 2012’s full year total and bankers predicting there might be only two or three more international deals to come. 

Turkey has been the main hope ...

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