Osman Celik: Türkiye's sukuk issuance volume reached $5B

Labeled sukuk, focused on green and social projects, accelerate the financing of sustainable development goals and create opportunities for issuers to reach new investor groups, Osman Celik, deputy minister of treasury and finance of Türkiye, said during a panel discussion at the 51st Annual Meeting of the Islamic Development Bank Group (IsDB) in Baku, Report informs.

He noted that for countries like Türkiye, labeled sukuk not only help expand the investor base but also mobilize financial resources for sustainable development projects:

"Today, the sukuk market in Türkiye is no longer limited to sovereign issues. Participating banks, corporate companies, and some government institutions are also successfully entering the market through the issuance of Islamic bonds (sukuk). The total volume of issues in this area has reached approximately $5 billion. This demonstrates that the sukuk ecosystem in Türkiye is entering a deeper and more mature stage," he noted.