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Turkey offers Islamic banking opportunities

Posted on 16 April 2013

New investment opportunities for foreign companies have come to the fore in Turkey with the announcements of the creation of new Islamic banks by the government. The nation’s Deputy Prime Minister Ali Babacan indicated that he gave directives to the two biggest state-owned banks – Ziraat Bank and the Halk Bankasi – to establish two new participation banks.
Muhammed Islami Onal, the economic counsellor of Turkey in Malaysia, said foreign investors can apply for new licences to start the new participation banks, adding that the investment should be no less than 30 million New Turkish liras or US$17 million (RM51.7 million)………………………………………..Full Article: Source

 
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