KFH-Turkey launched the Silver traded fund at Istanbul bourse yesterday during a celebration that was attended by several Turkish officials, including Istanbul Bourse ManagerIbrahim Tohan, in addition to a bouquet of businessmen, investors, important figures, It is worth noting that this is the first account of its kind in Turkey.
KFH-Turkey’s CEO Ufuk Iwan stated that the new fund complements the gold traded fund that the bank offered last year and is highly demanded by clients; especially that Turkish people are keen to purchase and keep gold and silver. He added that the new account is available to all Turkish people and foreigners, where GCC investors are expected to take advantage of the traded fund. He explained that studies have been conducted about the account, and that those studies revealed that the new fund has great potential for growth, and that it will be highly demanded by several client segments in Turkey and overseas.
Moreover, Iwan asserted that the bank will continue to offer new products and services that meet the demands of its clients in various fields. He went on to say that the bank meets the increasing demand for Islamic products and services in the Turkish market. He remarked that the bank accomplishes several objectives by offering those products, such as increasing its market share, facing competition, and taking advantage of the 186 branches that exist in Turkey.