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First report 2h ago•Last update 2h ago

Turkey Plans to Unify State Islamic Banks

Turkey is moving to consolidate its state-owned Islamic finance institutions, including Ziraat and Halk, under a single banking umbrella to boost competition and expand their activities.

Background

Turkey has been actively developing its Islamic finance sector, aiming to position Istanbul as a hub for Islamic banking. This initiative aligns with broader government efforts to strengthen the country's financial infrastructure and increase its global economic influence.

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Turkey Plans to Unify State Islamic Banks

First report 12h agoLast update 12h ago
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