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Participative Banking in Turkey

  • Ibrahim Zeyyad Cekici
Chapter
Part of the Palgrave Studies in Islamic Banking, Finance, and Economics book series (IBFE)

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.

Keywords

Islamic finance Turkey Islamic banking Participative banks Islamic credit Islamic mortgage 

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Ibrahim Zeyyad Cekici
    • 1
  1. 1.ParisFrance

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