Sukuk has become an important part of Türkiye’s external financing strategy, Deputy Minister of Treasury and Finance of Türkiye Osman Çelik said during the session titled “Purpose-Driven Sukuk – New Horizons for Development” held within the framework of the Annual Meetings of the Islamic Development Bank (IsDB) Group in Baku, APA reports.
Osman Çelik stated that Türkiye uses sukuk instruments to expand its investor base in international financial markets and create alternative sources of financing.
“Since 2012, sukuk has become a permanent component of our external financing strategy. During this period, we have carried out 12 international sukuk issuances and attracted more than $23 billion from global investors,” he noted.
According to him, sukuk has enabled Türkiye to strengthen ties with investors, particularly in the Gulf countries and the Asian region, who do not always participate in traditional financial instruments.
“One of our main objectives has been to diversify the investor base. Sukuk has played an important role in this regard and has strengthened our position in international capital markets,” the deputy minister emphasized.
Osman Çelik noted that the sukuk ecosystem in Türkiye is no longer limited to sovereign issuances.
“Participation banks, corporations and some public institutions have also successfully carried out sukuk issuances. This demonstrates that the sukuk market in Türkiye has evolved into a deeper and more developed system,” he said.
The deputy minister added that Türkiye has also taken important steps in the field of sustainable finance.
“In 2021, we introduced a sustainable finance framework. This framework enables the issuance of green, social and sustainable financial instruments in line with international standards. In 2023, we successfully carried out our first green bond issuance,” Osman Çelik said.
According to him, sukuk will continue to serve as an important instrument for Türkiye’s long-term financing, capital market development and investor diversification in the future.
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