The Halal Times
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Turkey and Indonesia are working on a lender project that will operate in compliance with Islamic law. Though talks are ongoing, the project titled “megabank” is expected to contribute to Turkey’s aim to expand the share of participation banking in the Turkish financial sector. Deputy Prime Minister Mehmet Şimşek, who held a meeting with the …
There’s an old saying in the Islamic world that “the Quran was revealed in Mecca, recited in Egypt, and written in Istanbul.” Istanbul calligraphers were the pick of the litter in Ottoman times, and their legacy continues to be felt today, undercover in hidden galleries and workshops, beneath the veneer of modern Istanbul. Many art schools in Istanbul have …
Istanbul:- Recently, Istanbul witnessed some thing which was unthinkable some twenty years ago. Fashion designers from across the globe attended a modest Muslim fashion show in the town where the models showed Islamic dresses only. Tureky`s growing conservative elites participated in the show. The models appeared on the stage while covered from head to toe. …
Istanbul:- The Turkish government has chosen Murat Çetinkaya, a deputy Central Bank governor, to be the Bank’s new governor, Deputy Prime Minister Numan Kurtulmuş announced on April 11 after a cabinet meeting led by Prime Minister Ahmet Davutoğlu in Şanlıurfa on April 11. The term of current Governor Erdem Başçı was due to expire on …
Istanbul – Experts who attended at a G20 conference on Islamic finance in Istanbul have pointed to Turkey’s progress in developing the sector. Aysegul Eksit, executive vice chair at the Capital Markets Board of Turkey, said that the Turkish government is hard at work to create better enabling conditions for Islamic finance. Islamic lenders now …
Islamic bank financing products could help solve financing problems of small- and medium-size enterprises (SMEs), Turkish Deputy Prime Minister Cevdet Yilmaz said. Yilmaz, responsible for the economy, has acknowledged the rise of global SMEs and their increased penetration to the local domestic market. Addressing the World SME Financing Forum in Turkey’s Antalya province on Saturday …
In a year to forget for the Islamic finance industry, this month’s Turkish election may prove the high point. Two Turkish banks, Kuveyt Turk and Albaraka Turk, are marketing international sukuk issues this week in what may herald a revival of the Shariah-compliant industry in the country after the AK Party regained its parliamentary majority …
We all are familiar with halal products, like meat, cosmetics, perfumes, clothes, including the hijab and its different ways of wearing. However, not many people have come across halal travel or what is now broadly known as halal tourism. To experience this new trend, which is rising faster than the rest of the tourism industry …
Oct 18 Turkish Islamic bank Albaraka Turk has picked seven arrangers for a potential dollar-denominated sukuk to bolster its supplementary or Tier 2 capital, two sources familiar with the matter told Reuters on Sunday. The lender is expected to raise around $250 million, the sources said, with one adding that the sukuk issue was planned …
A dedicated “halal cruise” is the latest in a stream of tourism offerings being marketed directly towards Muslim travellers, as global companies reposition themselves to cater to the growth market. The cruise, touted as the first of its kind in Turkey without alcohol, pork products or gambling services on board, is set to sail next …
To be held on September 8-9, 2015 at Bogazici University, Albert Long Hall, Istanbul, Turkey The World Bank Global Islamic Finance Development Centre, (GIFDC) based in Istanbul, Turkey is a knowledge hub aimed to help the World Bank member countries take advantage of the rapid growth and potential of Islamic financial industry for economic development. …
The Islamic finance system has arisen due to various religious and economical reasons and, in general, it is a system where any and all kinds of financial activities and transactions are applied within the scope of Islamic rules. This market is established based on applying the principles and rules brought in by Islam to the …
