Realized First Lease Certificate Issuance Indexed to Inflation

Regional Economy 05.04.2021, 12:25
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Realized First Lease Certificate Issuance Indexed to Inflation

Ziraat Katılım successfully realized its 79th lease certificate issuance. Osman Karakütük, the Deputy General Manager for Treasury Management and International Banking at Ziraat Katılım, commented on the topic.

We will keep taking strong steps towards the development of the participation finance system

"While the amount of funding provided by lease certificate issuances so far has reached TRY 28 billion, we have added a new one to our product range with this latest sukuk issuance", said Karakütük and added, "While offering various products with better quality to our customers with the inflation-indexed ijarah sukuk issuance, we are also increasing our resource diversity. In this sense, we will keep taking strong steps towards the development of the participation finance system with our new products and services, as we have done until now."

Issuing 23 different lease certificates in 2020, Ziraat Katılım provided a total of TRY 12.5 billion in funding. And as of 2021, the bank has provided funding of TRY 2.7 billion by issuing 7 different lease certificates.

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