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New lenders to add momentum to Turkey's Islamic banking, says S&P

"Turkish authorities have now made tangible steps to support the growth of  Islamic finance in the country," said S&P Global Ratings credit analyst Timucin Engin. The first public sector participation bank was launched in 2015, as was Vakif Participation Bank, another new Islamic lender. Issuance of Sukuk has also grown,…

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