In many countries, government relief packages amid the coronavirus pandemic should help to soften the near-term effect for Islamic banks, says Bashar Al-Natoor from Fitch Ratings.
Turkey wants to certify corona-free holiday resorts and thus attract tourists to the country again.
The demand for Sharia-compliant products is growing, so Islamic finance is poised to expand in 2020, Moody’s says.
Turkish banking authority BDDK has licensed Emlak Bank. The financial institution becomes an Islamic lender.
The Turkish online retailer for Islamic fashion Modanisa has sold a minority stake to Goldman Sachs and Wamda Capital.
The Internet administrative body Icann is against the introduction of the domain extensions .halal and .islam. Some governments had considerable concerns.