SHARIA BANKING
TURKEY

TURKEY SHARIA BANKING TURKEY ISLAMIC BANKING FINANCE


TURKEY ISLAMIC BANK MURABAHA MUDARABA

In Turkey, sharia-compliant banking currently accounts for a marginal share of the Turkish financial sector. Recent estimates expect that Islamic financial assets in Turkey could reach more soon.

Turkey is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Turkey's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.

Currently, Turkey has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.


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