The Participation Index will include discount retailer BIM , Turk Telekom , the main landline operator and builder Enka Insaat , said Avsar Sungurlu, deputy CEO of Bizim Securities, which is consulting for the index.
Turkey has four Islamic banks, part of a small but growing sector that offers Sharia-compliant finance aimed at boosting investment from the Middle East.
Lender Kuveyt Turk last year held the first issue of a three-year $100 million Islamic bond, or sukuk, known as a participation certificate.
The government has also issued revenue-indexed bonds that are linked to transfers to the Turkish Treasury from state companies, like the Turkish Petroleum Corporation and State Airport Authority.
Source: Kipper Report