Turkish president Recep Tayyip Erdogan last week announced the merger of three state-owned Islamic banks , unveiling a restructuring plan aimed at expanding the role of participation banking within the country’s financial system.
The consolidation will bring together Ziraat Katilim , Vakif Katilim and Halk Katilim , a move Erdogan said would give “a different dynamic to the sector” during a speech at an Islamic economy event in Istanbul.
Alongside
