Islamic Finance
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Halkbank Drops Plan for Turkish Islamic Lender Amid Market Rout
Turkey’s largest publicly traded state-controlled lender is rescinding its application to set up an Islamic banking unit after a rout in capital markets and amid political turmoil in the country. Halkbank announced the decision in a filing Thursday. The bank didn’t give a reason for withdrawing the proposal and said…
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Click here to read the full story: Bloomberg