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Mortgage rate surge triggers interest in unregulated financing ‘There’s no obstacle to misconduct,’ an executive warns Unregulated Turkish crowdfunders say they’re grabbing a bigger...
Shariah-compliant finance is growing in Turkey, and Ankara is planning new rules to help guide the market. Turkish regulatory authorities are expected to agree soon on new rules regarding Islamic finance. Once approved by parliament, “participation banking,” as Islamic finance is known in Turkey, is expected to spur growth in the sector.