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Turkish Islamic banks gave mostly construction loans

Posted on 20 January 2012

Turkey’s Islamic banks gave most loans to construction companies and will continue lending to Turkish firms this year, Sabah reported.
The industry awarded 14.8 billion liras ($8 billion) of loans to constructors as of November, 6.5 billion liras to trade and retail companies and 3.8 billion liras to textile firms, the Istanbul-based newspaper said citing Fahrettin Yahsi, chief executive of Albaraka Turk Katilim Bankasi AS (ALBRK) and head of an association representing the banks………………………………………..Full Article: Source

 
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