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Participation Banking
Participation banking is a name given to Islamic banks mainly in Turkey, as well as in the broader MENA region. While participation banks reached only 2% of net assets in the year 2000, in 2010 the rate increased up to 4.3%. In the third quarter of 2013, the rate increased up to 6.1% with 90.7 billion TL in assets. Regarding the profit margins of the participation banks, Malaysia, Indonesia and Gulf countries have more than 50% of the market share, it is stated that Turkey has more potential in growth. Also, Turkey, Pakistan, Bangladesh, and Indonesia stand as the leading countries among the participation banks. Saudi Arabia, the UAE and Malaysia are the three largest participation banking markets, in terms of assets. Iran has 36% of the worldwide assets of the participation banks, Malaysia has 17%, Saudi Arabia has 14% and Turkey has 3.1% of the market share. According to Ernst & Young Ernst & Young Global Limited, trade name EY, is a multinational professional services partne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Bank
Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include ''Mudarabah'' (profit-sharing and loss-bearing), ''Wadiah'' (safekeeping), ''Musharaka'' (joint venture), ''Murabahah'' (cost-plus), and ''Ijara'' (leasing). Sharia prohibits ''riba'', or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also ''haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the revival ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ziraat Katılım
Ziraat Katılım is a state-owned participation bank in Turkey. The bank was founded on 12 May 2015, and is wholly owned by Treasury of Turkey. Ziraat Katılım is a member of Ziraat Finance Group, which has Turkey's largest bank Ziraat Bankası both per number of branches and total assets, as of 2016. Its slogan is "Paylaştıkça daha fazlası" (Turkish: ''Even more when shared''). The official opening ceremony was held on 29 May 2015, on the anniversary of Fall of Constantinople with participation of the President of Turkey. First account was opened for the President Erdoğan. The logo of the bank is very similar to Ziraat Bankası, both resembling an " ear of wheat" with bank initials, ZB and ZK respectively. Ziraat Bank logo additionally contains the letters "TC" for Republic of Turkey (Turkish Turkish may refer to: *a Turkic language spoken by the Turks * of or about Turkey ** Turkish language *** Turkish alphabet ** Turkish people, a Turkic ethnic group and nation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Banking
Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include ''Mudarabah'' (profit-sharing and loss-bearing), ''Wadiah'' (safekeeping), ''Musharaka'' (joint venture), ''Murabahah'' (cost-plus), and ''Ijara'' ( leasing). Sharia prohibits ''riba'', or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also ''haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the revi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Participation Banking
Participation banking is a name given to Islamic banks mainly in Turkey, as well as in the broader MENA region. While participation banks reached only 2% of net assets in the year 2000, in 2010 the rate increased up to 4.3%. In the third quarter of 2013, the rate increased up to 6.1% with 90.7 billion TL in assets. Regarding the profit margins of the participation banks, Malaysia, Indonesia and Gulf countries have more than 50% of the market share, it is stated that Turkey has more potential in growth. Also, Turkey, Pakistan, Bangladesh, and Indonesia stand as the leading countries among the participation banks. Saudi Arabia, the UAE and Malaysia are the three largest participation banking markets, in terms of assets. Iran has 36% of the worldwide assets of the participation banks, Malaysia has 17%, Saudi Arabia has 14% and Turkey has 3.1% of the market share. According to Ernst & Young Ernst & Young Global Limited, trade name EY, is a multinational professional services partne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daily Sabah
The ''Daily Sabah'' (lit. "Daily Morning") is a Turkish pro-government daily, published in Turkey. Available in English, Arabic, and owned by Turkuvaz Media Group, ''Daily Sabah'' published its first issue on 24 February 2014. The editor-in-chief is Ibrahim Altay. The newspaper has been frequently called a propaganda outlet for the Turkish government and the ruling Justice and Development Party (AKP). It is owned by a friend of Recep Tayyip Erdoğan. History The ''Daily Sabah'' was established in 2014 when a highly-antagonistic political climate reigned in Turkish politics. After the conflict in December 2013 between the Gulen movement, a religious civil society organization with some political aspirations, and the ruling Justice and Development Party (AKP), the Gulen movement's ''Today's Zaman'' turned into an ardent critic of the ruling AKP. To balance the critical discourse against the AKP by ''Today's Zaman'' and ''Hürriyet Daily News'', a secular critic of the AKP, ''Dail ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deloitte
Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of professionals in the world and is considered one of the Big Four accounting firms along with EY (Ernst & Young), KPMG and PricewaterhouseCoopers (PWC). The firm was founded by William Welch Deloitte in London in 1845 and expanded into the United States in 1890. It merged with Haskins & Sells to form Deloitte Haskins & Sells in 1972 and with Touche Ross in the US to form Deloitte & Touche in 1989. In 1993, the international firm was renamed Deloitte Touche Tohmatsu, later abbreviated to Deloitte. In 2002, Arthur Andersen's practice in the UK as well as several of that firm's practices in Europe and North and South America agreed to merge with Deloitte. Subsequent acquisitions have included Monitor Group, a large strategy consulting business, in Janu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emerald Group Publishing Limited
Emerald Publishing Limited is a scholarly publisher of academic journals and books in the fields of management, business, education, library studies, health care, and engineering. History Emerald was founded in the United Kingdom in 1967 as ''Management Consultants Bradford (MCB) UP Ltd.'' The publisher changed its name to Emerald in 2002 following the success of its Emerald Fulltext database. In 2007 Emerald acquired a programme of Management and Social Science book serials, series and monographs from Elsevier. The acquisition of health and social care publisher Pier Professional Limited took place in 2011. In June 2015, the Emerald acquisition of GoodPractice was announced. GoodPractice is a provider of support tools for leaders and senior managers. Company Emerald Publishing is headquartered in Bingley and led by CEO Vicky Williams since 2018. Sponsoring In 2017 Emerald became the title sponsor of Headingley Stadium with it being renamed Emerald Headingley. As part o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Asya
Bank Asya was established in October 24, 1996 with its head office in Istanbul, as the sixth private finance house of Turkey. The company's name, which had been previously "Asya Finans Kurumu Anonim Şirketi" (Asya Finance Incorporated Company), was changed into "Asya Katilim Bankasi Anonim Şirketi" (Asya Participation Bank Inc.) on December 20, 2005. Bank Asya, with an initial capital of TRY2 million and paid up capital of TRY900 million, had a multi-partnered structure based on domestic capital. At the end of 2009, Bank Asya’s total assets reached TRY14 billion. Bank Asya rose by 47 places in the “Top 1000 World Bank Ranking” of “The Banker” Magazine in 2010, rising to 473 from 520. At the same time, Bank Asya ranked 403rd on “The Banker’s Top 500 Banking Brands”. Bank Asya has also become the largest participation bank in Turkey. Bank Asya carried out its activities with 182 branches, 2 national and 1300 foreign correspondent banks besides the head office unit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Albaraka Türk
Albaraka Türk was founded in 1984 in Istanbul Turkey and began actively serving in 1985 and commenced its commercial activities in 1985 as Albaraka Türk Özel Finans Kurumu. It is now known as the first Participation Bank in Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with .... It has been founded under the guidance of the strong capital groups in the Middle East, Al Baraka Group B.S.C., Islamic Development Bank (IDB) and another industry group serving the Turkish economy for more than a half century, Al Baraka Turk continued operating in Turkey in compliance with the 5411 Banking Law. As of 30.06.2021, in our partnership structure, the share of the foreign partners is 60,87%, the share of the local partners is 0,72% and the share open to public is 38,41%. In addition to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vakıf Katılım
A waqf ( ar, وَقْف; ), also known as hubous () or ''mortmain'' property is an inalienable charitable endowment under Islamic law. It typically involves donating a building, plot of land or other assets for Muslim religious or charitable purposes with no intention of reclaiming the assets. A charitable trust may hold the donated assets. The person making such dedication is known as a ''waqif'' (a donor). In Ottoman Turkish law, and later under the British Mandate of Palestine, a ''waqf'' was defined as usufruct state land (or property) from which the state revenues are assured to pious foundations. Although the ''waqf'' system depended on several hadiths and presented elements similar to practices from pre-Islamic cultures, it seems that the specific full-fledged Islamic legal form of endowment called ''waqf'' dates from the 9th century AD (see below). Terminology In Sunni jurisprudence, ''waqf'', also spelled ''wakf'' ( ar, وَقْف; plural , ''awqāf''; tr, v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Turkey
Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with a East Thrace, small portion on the Balkans, Balkan Peninsula in Southeast Europe. It shares borders with the Black Sea to the north; Georgia (country), Georgia to the northeast; Armenia, Azerbaijan, and Iran to the east; Iraq to the southeast; Syria and the Mediterranean Sea to the south; the Aegean Sea to the west; and Greece and Bulgaria to the northwest. Cyprus is located off the south coast. Turkish people, Turks form the vast majority of the nation's population and Kurds are the largest minority. Ankara is Turkey's capital, while Istanbul is its list of largest cities and towns in Turkey, largest city and financial centre. One of the world's earliest permanently Settler, settled regions, present-day Turkey was home to important Neol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
