Turkey chapter of the 3rd edition of The Islamic Finance and Markets Law Review; written by Sera Somay and Gözde Kayacık, published by Law Business Research Ltd.
In Turkey, Islamic finance products are regulated under the legislation that applies to conventional transactions. Nonetheless, issuance of sukuk certificates is specifically regulated under Lease Certificates Communiqué No. III-6.1 (Official Gazette dated 7 June 2013) and the issuance process has been detailed thereunder.
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