Turkey to Boost Islamic Finance with Advanced Customer Protection:

Two new regulations offer a more in-depth regulation for Islamic Finance departments of Turkish banks, aiming for customer protection and better transparency.

Three State-Owned Banks are Set to Establish Islamic Finance Units:

With more than 600 institutions worldwide and with estimated $ 1.4 trillion Sharia-compliant assets in 2014, Islamic Finance (“participation banking”) market in Turkey keeps growing and such growth is likely to continue in the future.