Islamic Finance banks finding support in Turkey

Global Business

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Islamic Finance is growing more popular in less conventional countries and regions, such as Europe and Central Asia. In the wake of the financial crisis, Islamic banking grew into one of the fastest developing components of the global banking system.
Recent developments in key European financial markets, namely the United Kingdom and Luxembourg, point towards potential for the Islamic banking sector to gain deeper traction across the continent. As Turkey places more emphasis on the industry, its geographical position gives it promise for becoming a global hub for Islamic economics.
CCTV’s Natalie Carney filed this report from Istanbul.
Follow Natalie Carney on Twitter @NatalieCarney77

Islamic Finance finding support in Turkey

Islamic Finance finding support in Turkey

Islamic Finance is growing more popular in less conventional countries and regions, such as Europe and Central Asia. In the wake of the financial crisis, Islamic banking grew into one of the fastest developing components of the global banking system. Recent developments in key European financial markets, namely the United Kingdom and Luxembourg, point towards potential for the Islamic banking sector to gain deeper traction across the continent. As Turkey places more emphasis on the industry, its geographical position gives it promise for becoming a global hub for Islamic economics.