FINANCE - Agricultural sector still lacks support (Albaraka Turk - AgriCap - Vision3)

While multilateral agencies such as the Islamic Development Bank Group (IDB) have been involved in financing the agricultural sector, the mainstream Islamic finance industry has not directly got involved in the sector in any meaningful way. (source)

BANKING - Erdogan Friend Gur to Buy Adabank With Gulf Finance House

Turkish businessman Remzi Gur, a close friend of Prime Minister Recep Tayyip Erdogan, and the Gulf Finance House won an auction for Adabank of Turkey, which was put up for sale by a fund managing failed banks.

Gur and GFH bid $75 million for Istanbul-based Adabank and will have a 50-50 partnership in the unit, Gur said in televised comments on Bloomberg HT television today. Gur and GFH were the only bidders in the auction.(source)