Thursday, October 30, 2014

Islamic banking gains ground in Turkey - Al-Monitor: the Pulse of the Middle East

Islamic banking gains ground in Turkey

Turkey’s government has moved to expand Islamic banking by inviting public banks into the sector. Earlier this month, the largest state-run bank, Ziraat, received approval to establish an Islamic unit, a landmark move in a country where public lenders have so far stayed out of the Islamic finance realm.

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