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IFN Law Awards 2022

Turkey 2018

All aboard the Turkish train

The rising star of the global Islamic finance industry, Turkey continues to push the sector with forward-thinking policies and measures which attracted new players to the fold and facilitated new products.

The Eurasian nation, however, is operating in a decidedly more challenging environment as compared to two years ago. President Recep Erdogan has to deal with rising dissatisfaction against his administration which culminated in street protests, scramble to reassure investors and the fi nancial markets following a collapse of the lira while maintaining bilateral ties with neighbors and allies as the tense political climate at home and with the US escalates.

Yet, industry participants remain cautiously optimistic looking for opportunities in volatility. In this report, we bring you a selection of market reports as well as key highlights from IFN Turkey Forum.