| International credit rating agency, Standard and Poor’s (S&P) assertion in a report published last week that Turkey’s participation (Islamic banks) “could continue their recent strong growth if they can cultivate stronger ties with their international owners and create a sustainable brand image,” underpins an Islamic finance market which is as old as the one in Malaysia and others in the Gulf Cooperation Council (GCC) countries.
Three of the four Turkish participation banks have got majority GCC ownership interests - Turkiye Finans is largely owned by National Commercial Bank of Saudi Arabia.............................................Full Article: Source
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