Shariah Finance Sets Sights on Turkey
On October 4, 2011 · In Islamic Banking, Islamic Bonds, Islamic Finance, Shariah Banking, Shariah Bonds, Shariah Finance, SUKUK, Turkey
One of the few overwhelmingly Islamic nations that has so far not embraced Shariah-Compliant Finance is Turkey.
Despite efforts by Islamist elements in the country, only 5% of banking assets in Turkey were Shariah-compliant at the end of 2010.
So it seems curious in a way that the Islamic media would proclaim that Shariah finance is taking root in Turkey. Unfortunately, they know what they’re talking about.
The financial jihadists are now descending on Turkey, targeting it for Shariah dominance.