01 April 2015
The Council of Ministers Introduces Important Changes to Incentives in Certain Investments:
The Council of Ministers has implemented some changes to its decree dated June 06, 2012 regarding state incentives which will be provided to certain investments (“Decree”) through its decree published in the Official Gazette dated April 08, 2015 (“Amending Decree”).
01 January 2015
Three State-Owned Banks are Set to Establish Islamic Finance Units:
With more than 600 institutions worldwide and with estimated $ 1.4 trillion Sharia-compliant assets in 2014, Islamic Finance (“participation banking”) market in Turkey keeps growing and such growth is likely to continue in the future.