You are here

Turkey eyes pious to boost Islamic finance

2 state banks are pushing ahead with plans to launch Islamic units this year


AT LEAST 8 per cent of Turkish adults do not have a bank account for religious reasons, according to a 2014 World Bank report, because of the prohibition in Islam against paying interest.

Under president Tayyip Erdogan, an authoritarian leader with roots in Islamist

Market voices on:

Powered by GET.comGetCom