We Will Continue Our Work With All Our Efforts

Participation finance attracts more and more recognition in our society as it takes its fundamental rules from the principles of interest-free finance.

MAGAZINE 29.11.2021, 11:13
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We Will Continue Our Work With All Our Efforts

In recent years, it has found a vital response both in our economy and in our society. In addition, the continuation of studies that will increase the awareness of participation finance in society and its potential for our country is vital. Increasing the frequency of informing about participation finance products and services and interest-free working principles is one of the most significant steps to be taken. The steps to be taken to maximise awareness of the principles of participation finance will help consolidate the participation finance sector's foundation and carry the finance sector's market share further.

At this point, in addition to the participation finance institutions, the Participation Banks Association of Turkey (TKBB) has been carrying out essential practices that contribute to the recognition and adoption of the participation finance system by the large masses of the society for 20 years, which we consider very valuable. We recognise that TKBB performs a critical role in conveying the demands and needs of sector representatives to the relevant public authorities regarding products and services while establishing the necessary communication.

As the leading participation finance institution of the sector, we continue to work beside TKBB with increasing intensity in order to carry the participation finance ecosystem to a further point. As a matter of fact, we have recently reshaped the participation banking strategy under the coordination of TKBB with the participation of sector representatives. We target to transform participation banking into a participation finance ecosystem as a result of the strategy studies for development areas. As Kuveyt Türk, we will continue our work with all our efforts to increase the participation banking market share, which is at the level of 7%, to higher levels and to expand the participation finance ecosystem.

General Manager of Kuveyt Türk Ufuk Uyan

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