Turkey's Alkhair Capital plans expansion, eyes Islamic bond advisory

April 15, 2015 2:41 AM

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April 15 (Reuters) - Turkish Islamic asset manager Alkhair Capital plans to launch new funds this year and will start a service to advise on Islamic bonds, or sukuk, its general manager said.

Three Turkish state-run banks are launching Islamic units, widening the reach of interest-free finance in the majority Muslim nation, but wealth management has lagged behind with only a handful of products in the market.

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