Islamic finances in Turkey will reach $ 100 billion in a few years. In September, this figure amounted to $ 90 billion.
In its analysis on this issue, Fitch Ratings reports that by 2025, the assets of Islamic banks should reach 15% of the volume of the entire sector, noting that this growth will be maintained by the strategic value given to the sector by the government of the country.
Strengthening relations between Turkey and the countries of the Council of Cooperation of the Persian Gulf countries (SSAGPZ), as expected, will have a positive impact on the Islamic Finance market and will help the government attract direct foreign investments, the analysis says, noting that Turkey has received in a general general years The difficulties of 51 billion US dollars in the form of financial obligations, including 8 billion US dollars from the United Arab Emirates.
The analysis recalls that a number of banks of the Gulf countries tend to diversify their investments and already have investments in Turkish Islamic banks, the Dubaisky Bank also recently entered the Turkish digital banking sector.