The Turkish participation (Islamic) banking sector may not be as savvy or prone to spin and hype as its counterparts in the Middle East and elsewhere, but it continues to thrive. Perhaps more importantly, judging by the recent innovations in products and transactions, the participation banking sector in Turkey is also one of the most competitive in the global Islamic finance landscape.
Not surprisingly, the latest data for the four participation banks, Turkiye Finans, Asya Bank, Kuveyt Turk Participation Bank and Albaraka Turk Participation Bank for the year ending Dec. 31, 2010 released recently by the Participation Banks Association of Turkey (TKKB) are indeed encouraging………………………………………Full Article: Source