Turkey’s Ministry of Treasury and Finance announced the successful issuance of $2.75 billion in Islamic bonds, known as sukuk, to international investors. The issuance took place in international capital markets, signaling continued investor interest in Turkish financial instruments. Sukuk are Sharia-compliant financial certificates representing ownership in an asset, offering an alternative to conventional bonds. This transaction represents a significant funding source for the Turkish government. Details regarding the terms of the sukuk, such as maturity dates and profit rates, were not immediately disclosed in the announcement. The Ministry stated the issuance was well-received, indicating positive market sentiment towards Turkey’s financial stability and growth potential. This move aims to diversify funding sources and attract investment from Islamic finance markets.