TURKEY: The Katilim (Participation) Index Exchange Traded Fund (ETF), sponsored by Turkey’s Shariah compliant banks Albaraka Turk, Bank Asya, Kuveyt Turk and Turkiye Finans, began trading on the Istanbul Stock Exchange as of the 16th May.
The ETF is managed by fund manager Bizim Menkul Degerler (BMD Securities).