Islamic finance awards: Most innovative deal

Best international Islamic bank	Best Islamic bank in the Middle East
Best Islamic bank in Asia	Best sukuk house
Best takaful provider	Best project finance house
Best leasing house	Best fund manager
Best advisory firm	Best legal advisory firm
Most improved international Islamic bank	Most improved Islamic bank in the Middle East
Most improved Islamic bank in Asia	Deal of the year and best sukuk deal
Most innovative deal	Best project finance deal
Outstanding contribution to Islamic finance
Return to the Islamic finance awards page

	Most innovative deal Kuveyt Turk sukuk

Turkey has the biggest economy of any majority Muslim country and its banking sector is well developed. But Islamic banks account for only a small minority of banking assets.

Structuring and issuing the country’s first sukuk – or participation certificate as they are called in Turkey – was therefore a key event.