International credit rating agency Fitch Ratings stated that Turkish Islamic banking is expected to continue to grow above the industry average in 2024, albeit slower compared to previous years.
In the statement made by Fitch Ratings, it was noted that the Turkish Islamic banking segment grew in a period of economic balancing.
In the statement, it was stated that Turkish Islamic banking is expected to continue to grow above the sector average in 2024, albeit slower compared to previous years.
It was stated in the statement that the market shares of the segment have increased in recent years, and that by the end of 2023, Islamic banks constitute 8.7%, 7.8% and 10.2% of the banking sector assets, financing and deposits, respectively.
Source: Trthaber / Prepared by Irem Yildiz
