12.10.2011 - Shariah banks in Turkey lag on fund fears
Turkey’s Islamic banks are lagging behind their non Shariah-compliant counterparts because of investor concern slowing economic growth will hurt the lenders’ ability to generate income from loans. While Turkey’s overall banking index gained 19% since reaching a 20-month low on August 10, Asya Katilim Bankasi and Albaraka Turk Katilim Bankasi, the nation’s two listed Islamic banks, also known as Participation banks, gained 12% and 4.9%, respectively..............................................Full Article: Source
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