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Participative Banking in Turkey

In: Islamic Finance in Europe

Author

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  • Ibrahim Zeyyad Cekici

Abstract

The Islamic finance has an old existence in Turkey. Naturally spread under Ottoman Empire, it had disappeared between the promulgation of the Republic (1923) and the 1980s. Indeed, Islamic Banks were called “specialized financial institutions”. But, the Turkish Banking Law (2005) has changed its name to “Participative Bank”, and this law rules all their activities like investment account, deposit, credit and card. In order to highlight their specificities, this chapter exposes not only the different legal rules defined by Turkish Law but also the content of different contracts concluded by Participative Bank.

Suggested Citation

  • Ibrahim Zeyyad Cekici, 2019. "Participative Banking in Turkey," Palgrave Studies in Islamic Banking, Finance and Economics, in: Mohyedine Hajjar (ed.), Islamic Finance in Europe, chapter 0, pages 291-316, Palgrave Macmillan.
    • Handle: RePEc:pal:psibcp:978-3-030-04094-9_12
    DOI: 10.1007/978-3-030-04094-9_12
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