Erdogan endorses participatory finance for Islamic economy
Turkish President Recep Tayyip Erdoğan emphasized that Islamic financing (participatory finance) is a fairer and safer model for the world. He called for adopting an economic system that prioritizes justice and ethics, especially in light of regional challenges and global financial crises. He pointed out that Turkey considers participatory finance an essential part of its national economy and a strategic element for development. He announced a package of laws aimed at promoting investments and expanding its role in the Turkish economy, including extending tax exemptions, increasing its share in the banking sector, and achieving sustainable growth for this sector.
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