Skip to main content

Modern History of Islamic Finance and a Strategic Roadmap for Its Development in Turkey

Abstract

With total assets of around US$2 trillion and ongoing double-digit growth – despite the global financial crisis – many financial centres have announced further initiatives to raise their profile in the Islamic financial market. Although opportunities in Islamic finance have recently attracted the attention of many financial centres, Turkey has been providing Islamic financial services for more than 30 years. However, although Turkey is ranked second in terms of GDP among Muslim majority countries, its share of total Islamic assets is around 3 per cent. This chapter will discuss the challenges that the Islamic finance industry has encountered and provide a general framework for designing Islamic financial services industry development initiatives and integrating these in their national financial sector development policies for Turkey.

Keywords

  • Islamic finance
  • Islamic banking
  • Islamic capital markets
  • Takaful
  • Turkey

JEL Codes

  • G15
  • G21
  • G22
  • G23
  • G28
  • N25

This is a preview of subscription content, access via your institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • DOI: 10.1007/978-3-319-70380-0_10
  • Chapter length: 26 pages
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
eBook
USD   139.00
Price excludes VAT (USA)
  • ISBN: 978-3-319-70380-0
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book
USD   179.00
Price excludes VAT (USA)
Hardcover Book
USD   179.00
Price excludes VAT (USA)

References

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and Permissions

Copyright information

© 2018 The Author(s)

About this chapter

Verify currency and authenticity via CrossMark

Cite this chapter

Yas, M., Aslan, H., Ozdemir, M. (2018). Modern History of Islamic Finance and a Strategic Roadmap for Its Development in Turkey. In: Aysan, A., Babacan, M., Gur, N., Karahan, H. (eds) Turkish Economy. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-70380-0_10

Download citation

  • DOI: https://doi.org/10.1007/978-3-319-70380-0_10

  • Published:

  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-70379-4

  • Online ISBN: 978-3-319-70380-0

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)