(MENAFN)He further declared that Islamic finance should not be treated as Islamic banking and the financial sector should also cover insurance, treasury operations and accounting and regulatory transactions.
And it should form financial instruments with a holistic approach under Islamic finance principles for the full growth of Islamic finance for Turkey.
According to Hamdi Donduren, the head of the Islamic Economics and Finance Department at Konya Karatay University, Ankara’s plans to become a leading actor in global Islamic finance are admirable.
A Turkish lecturer stated that Turkey is going to have a significant position in conventional and Islamic finance.
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