Shariah banks in Turkey lag on fund fears

Turkey’s Islamic banks are lagging behind their non Shariah-compliant counterparts because of investor concern slowing economic growth will hurt the lenders’ ability to generate income from loans. While Turkey’s overall banking index gained 19% since reaching a 20-month low on August 10, Asya Katilim Bankasi and Albaraka Turk Katilim Bankasi,…