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Islamic Finance Briefing - Categorized | Banking, Performance more

Turkey’s Islamic banks record 18 pc-net profit in 3Q

Posted on 20 November 2009

From Worldbulletin.net: Turkey’s Islamic participation banks recorded profit in the third quarter of 2009. The participation banks of Turkey recorded 18 percent of net profit in the third quarter of 2009, over the same period of 2008, the Participation Banks Association of Turkey (TKBB) said on Wednesday.

An association statement said that the net profit of the participation banks in the mentioned period was 353 million USD (530 million Turkish liras-TL)……………………..Full Article: Source

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