BANKING - Turkiye Finans obtains a USD 350 mio Murabaha Syndication

www.dunya.com - Finance General Manager of Turkey Derya Gürer: This syndication and corporate finance to SMEs primarily to companies in need of support, reasonable cost and kullandıracağız conditions.
ISTANBUL - Turkey Finance, the total participation of 15 countries, 29 international markets, the bank provided 350 million U.S. dollars Murabaha syndication.
Bank of Asia syndicate of international financial markets has provided Murabaha Finance General Manager of Turkey Derya Gürer Speaking at the signing ceremony, the consortium led ABC Islamic Bank, HSBC, said Noor Islamic Bank and Standard Chartered Bank undertook. (source)

BANKING - Participation banks has grown 10 times in 8 years

www.dunya.com - ANKARA - "Islamic banking", "Interest-free banking" referred to with names such as, participation banks working on the basis of dividends rather than interest, noted the rapid growth of the last 8 years. Funds collected by the numbers 4 participation banks in Turkey, which is approximately 9 times in 8 years, kullandırdığı 12.8 times the volume of funds, assets have grown 10 times. Participation banks, the volume of total deposits in the banking sector, 5.7 percent, 6 percent of the credit volume, asset size reached a share of 4.6 percent.



"Interest-free banking", also known as participation banks working on the basis of dividend funds collected approximately 9 times the last eight years, kullandırdığı 12.8 times the volume of funds, assets have grown 10 times.

Participation Banks Association of Turkey (TKBB), Banking Regulation and Supervision Agency (BRSA) and the calculation made according to Central Bank data, a total of four participation banksassets grew by 29.6 percent in 2011 reached 56.1 billion pounds. The total size of the funds collected from the four participation banks increased by 19.2 percent last year, 39.9 billion, an increase of 28.9 percent of the volume of funds kullandırdığı was 41.5 billion pounds. Participation banks increased by 5.8 percent last year, the total profit was 803 million pounds. (source)