Turkey: Mostly Used Islamic Finance Instrument: Murabaha

The term "Islamic finance" refers to the financing system that follows Shariah. Compliance with Shariah is different from the traditional debt-financing systems that exist in the Western banking system.  According to the Shariah rules, business transactions cannot involve Riba (excess or increase, interest), Gharar (uncertainty), Maisir (speculation), and Qimar (gambling)….