The Ministry of Treasury and Finance announced on October 6 that 2.5 billion dollars of sukuk (lease certificates) were issued in international capital markets. According to the statement made by the Ministry, the rental rate of sukuk with a maturity of 3 years and 1 month (November 13, 2025) was 9.758 percent and the yield rate was 9.750 percent (mid swap + 545.5 basis points). The Ministry announced that the issuance amount will be transferred to the accounts on October 13, 2022.
57 PERCENT SOLD TO THE MIDDLE EAST
About 160 investors demanded more than twice the issuance amount. 57 percent of the sukuk were sold to investors in the Middle East, 21 percent in Turkey, 8 percent in America, 7 percent in Europe, 6 percent in the United Kingdom and 1 percent in Asian countries. With this lease certificate issuance, a total of 7.5 billion USD financing was obtained from international capital markets in 2022.
WHAT IS SUKUK?
Sukuk, usually “Compliant with Sharia” It is the Arabic name for financial certificates, also called bonds. Sukuk are defined by the AAOIFI as “securities of equal value representing individual ownership interests in a portfolio of eligible current or future assets”.
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