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The Arabic term for Islamic securities, 'sukuk', is commonly used to refer to the Islamic equivalent of bonds. Such Islamic financial instruments provide the investor with a share of an asset and its cash flows and the risks involved without contravening the Islamic
Herdem / 2013-10-01
Directorate General of Civil Aviation, the regulatory body of civil aviation in Turkey, has promulgated a new Directive on aircraft nationality and registration marks on 12 September 2014 aiming to meet the requirements of Annex-7 of ICAO that will be applied to all...
Herdem / 2013-09-14
Long term contracts with output purchasers are the source of cash flow by which the lenders may be paid. Take-or-pay contracts, throughput agreements and tolling agreements are in substance guarantees of cash flow for the project.
In a take-or-pay contract, the output
Herdem / 2013-09-03
A wet lease is a leasing arrangement whereby the lessor (ie, an airline or aircraft operator) provides an aircraft, along with its crew (either complete or only cockpit crew), maintenance and insurance (both hull and third-party liability), to a lessee (ie, another...
Herdem / 2010-01-09
Turkey, even restructured its banking sector several times, has still not made sufficient progress in money laundering and compliance legislation for improvement of the inspection obligations. In particular due to its location bridging Europe to Asia attracts the
Herdem / 2010-01-01
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