Kuwait-Mubasher: Kuwait Finance House (KFH) said that its arm in Turkey, Kuveyt Türk, has established the first company for operating investment portfolios in Turkey-based banks, under the name of ‘KT Portfoy’, according to a statement issued by KFH.
KT Portfoy will run its operations based on Islamic sharia in terms of financing, said the KFH-Turkey’s deputy CEO of treasury and international banks.
KT Portfoy has requested the capital markets administration to agree on establishing five investment funds, under the supervision of KFH’s both participation and free investments funds, said director general.
