Turkey Wants Islamic Megabank in Istanbul as Jakarta Talks Loom

  • Efforts to start Shariah-compliant lender date back to 2009
  • Deputy Prime Minister Simsek seeking to create a `strong' bank

Why a Megabank Is Important in Islamic Financing

Turkey said Istanbul should be the headquarters for a new Islamic megabank and that it would be willing to commit more capital to the project than proposed under a similar plan by Indonesia.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.