Erdogan's proposed participatory financing model
Turkish President Recep Tayyip Erdoğan affirmed that the financial model based on "participatory finance" represents a fair and secure solution for a world facing economic crises. He emphasized the importance of transitioning to a system that prioritizes justice and ethics. During his participation in the Islamic Economy Summit in Istanbul, he discussed the significance of this model, which is based on risk and profit sharing among partners. It relies on financing tied to real assets, with a focus on the necessity of adopting this system to avoid ongoing financial crises caused by the current debt and interest-based system.
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