QInvest eyes Turkey opportunities…

QInvest, Qatar’s leading investment bank, will explore business opportunities in Turkey as it sees Istanbul as a key driver in Islamic finance’s growth worldwide.

It is participating in the 9th two-day Turkish-Arab Economic Forum, which is taking place in Istanbul today where QInvest’s Turkey country head, Can Guclu, will be a panellist. QInvest, active in the Turkish asset management industry, is already in talks with a leading portfolio management company to advice on Shariah-compliant asset management.

“We expect to play a major role in the increased Shariah-compliant finance in Turkey by corporates and the government including growth in sukuk issuance, asset management and real estate financing and advisory. This growth will be driven by the rapid increase in demand for Islamic finance solutions we are witnessing in the country,” Guclu said.

The bank has been involved in a number of high profile sukuk issuances in Turkey, including its recent role as joint lead manager for Turkiye Finans’s $500mn sukuk and the $1.25bn Turkish sovereign sukuk.