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LIMITING FACTORS IN THE DEVELOPMENT OF PARTICIPATION BANKING IN TURKIYE: A QUALITATIVE FIELD STUDY
ümit Narince, Anıl Gacar
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Participative Banking in Turkey
2020Islamic banks were established as private financial institutions in Turkey based on a law enacted in 1983. Private financial institutions succeeded to have equal rights with commercial banks subject to banking law in 2001. The name of private financial institutions was changed to participation banks in 2005 because of being insufficient in terms of ...
Serpil Altınırmak +3 more
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Participative Banking in Turkey
2019The Islamic finance has an old existence in Turkey. Naturally spread under Ottoman Empire, it had disappeared between the promulgation of the Republic (1923) and the 1980s. Indeed, Islamic Banks were called “specialized financial institutions”. But, the Turkish Banking Law (2005) has changed its name to “Participative Bank”, and this law rules all ...
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