FINANCE - Turkey’s Islamic Bank gets $75 million from IDB

microfinancefocus.com - The Islamic Development Bank (IDB) has assigned $75 million line of finance to Turkey’s Islamic Bank, Turkye Finans Participation Bank. At the 27th meeting of the Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation, (COMCEC), in Istanbul, IDB Group President Dr. Ahmad Mohamed Ali signed an agreement with the one of Turkey’s largest Islamic Banks.  (source)

BANKING - Turkey’s chief bankers advise people to stop excessive spending (Albarkaka Turk)

Referring to the rise in consumer loans and outstanding credit card bills by 19.3 percent and totaling more than TL 200 billion at the end of last year, Turkey’s leading bankers have underlined that people should be more careful when spending their money. (source)

FINANCE - Sharjah Islamic Bank launches 0% profit Hajj financing service

The first-of-its-kind service offered by an Islamic bank in the UAE will enable a lot of people to perform Hajj and pay back the cost via easy and affordable monthly installments for one year without any profit, fees or extra costs.

SHARJAH — Sharjah Islamic Bank, or SIB, has announced the launch of 0% profit financing service for Hajj 
under the theme “Perform Hajj this year and pay it off over the year with no profit”.