BANKING - Turkey’s Bank Asya considers acquiring a Balkan bank

Turkey’s leading participation bank, Bank Asya, is considering acquiring a bank in the Balkans, bank General Manager Abdullah Çelik told Reuters Wednesday in İstanbul. (source)

BANKING - Bank Asya becoming a strong, reliable brand

Established in 1996 on the principles of supporting production while complying with the requirements of interest free banking, Bank Asya today has a prominent position thanks to strong profitability and world class service as well as an innovative approach in the market. (full story)

BANKING - Turkish participation banks continue to thrive

The Turkish participation (Islamic) banking sector may not be as savvy or prone to spin and hype as its counterparts in the Middle East and elsewhere, but it continues to thrive. Perhaps more importantly, judging by the recent innovations in products and transactions, the participation banking sector in Turkey is also one of the most competitive in the global Islamic finance landscape. (full story)

FINANCE -Turkish Parliament approves bill for Islamic production deal

A bill that allows Turkey to join an Islamic production deal was postponed in 2004. DAILY NEWS photo (source)

ECONOMY - Integration OIC - TEPAV will be guiding Islamic countries to adapt Turkey's OIZ model

Signing a cooperation protocol with Islamic Development Bank, TEPAV will be guiding Islamic countries on private sector development, economic integration issues and especially on Organized Industrial Zones model of Turkey.

ANKARA - TEPAV has got ready to guide the adaptation of Turkey's Organized Industrial Zones (OIZ) model to Islamic countries. A tripartite Project will be launched between TEPAV, Corporation for the Development of the Private Sector (ICD), an Islamic Development Bank organization, and Statistical, Economic & Social Research & Training Centre for Islamic Countries (SECRIC) in the next days. In the project TEPAV will be guiding Islamic countries on private sector development, economic integration issues and especially sharing Turkey's OIZ experience.