Turkiye-based Erciyas Steel Pipe, a prominent producer of oil and natural gas line pipes for projects across Europe, the US, and Canada, has ventured into the Turkish Sukuk market with its inaugural domestic lease certificate issuance. The Islamic lease certificate, facilitated by asset leasing company Deger Varlik Kiralama on behalf of Erciyas, amounted to TRY300 million ($11.12 million). The Sukuk facility, offered to qualified investors, boasts an annual simple profit rate of 40%
Turkiye-based Erciyas Steel Pipe, a prominent producer of oil and natural gas line pipes for projects across Europe, the US, and Canada, has ventured into the Turkish Sukuk market with its inaugural domestic lease certificate issuance. The Islamic lease certificate, facilitated by asset leasing company Deger Varlik Kiralama on behalf of Erciyas, amounted to TRY300 million ($11.12 million). The Sukuk facility, offered to qualified investors, boasts an annual simple profit rate of 40%
