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Turkey Begins Unifying State-Owned Islamic Financing Banks Under the Sovereign Wealth Fund

The Turkish sovereign wealth fund announced the signing of agreements to acquire 100% of the shares of the Islamic banks “Ziraat Katılım” and “Halk Katılım”, in a move representing the first phase of a plan to unify state-owned Islamic financing institutions under one umbrella, aimed at enhancing their competitiveness and…

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