www.bloomberg.com - Asya Katilim Bankasi AS (ASYAB), an Istanbul-based Islamic bank, expects its gold deposit accounts to double by the end of this year, Haberturk newspaper reported, citing Chief Executive Officer Abdullah Celik.
The bank, also known as Bank Asya, currently has 1 ton of gold stored in such accounts and plans to pay a profit-share to attract more customers, Celik said, according to Haberturk. Profit share is a mechanism used by Islamic lenders that corresponds to interest payments. (source)
Showing posts with label haberturk. Show all posts
Showing posts with label haberturk. Show all posts
Monday, 16 April 2012
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