The Islamic finance system in world, which is known as Interest-Free Banking, İslamic Banking, and Participation Banking in Turkey, especially in areas where the Muslim population more prominent wants to be able to evaluate their savings as "no interest" and use them in financial field. In this direction, increases its assets, its customers, its branch network and its employees significantly, bringing a new breath to the banking sector both in terms of service and employment. Islamic banking, which operates on the basis of Islamic rules, is has been developing under the leadership of Qatar, Indonesia, Saudi Arabia, Malaysia and United Arab Emirates, which make up a large part of their assets. Total assets are expected to exceed $ 920 billion by the end of 2015 and the profits of the Islamic banking sector will be $ 30.3 billion by 2020. Turkey's ğarticipation banking, which began operations in 1985, is newer than the Gulf countries, which use the Islamic finance system in almost all financial systems. According to the World Islamic Banking Competition Report 2015, it is expected that participation banking assets, which are expected to be 52 billion dollars, and it will reach 93 billion dollars with an average growth of 16% in the next 5 years. Turkey regularly increases its development and feels it will maintain this trend in the coming years. In this study, general information about participation banking and its development in the world and in Turkey are discussed.
Alan : Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Uluslararası
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