Capital markets are the ‘second wing’ of the Turkish economy
Comprehensive reforms in Turkey’s capital markets over recent years have exceeded EU standards and bred confidence among investors, says the Chairman of the Capital Markets Board Vahdettin Erta?. The Turkish government has a plan to develop the participation banking sector and also the instruments we provide under Islamic principles. The sukuk regulation was renewed in 2013 and also a new regulation was made after the reform on the private pension system which allows for the establishment of Sharia-compliant pension funds. The government also has a plan to develop the Islamic insurance (takaful) industry.
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