Future Projection of Islamic Banking in Turkey: Dream or Utopia?

Authors : Gökmen Durmuş

Pages : 281-291

View : 103 | Download : 170

Publication Date : 2023-10-15

Article Type : Research Paper

Abstract :This study explores how Turkish Islamic banking professionals project and interpret the future of the Islamic banking sector in Turkey. The study adopted a case study methodology, included field- work in Turkey, and drew on semi-structured in depth-interviews in 2017. Also, it got help from documentary analysis based on documents such as banking legislations, magazines, booklets, and related other documents. Thirty-one Islamic bankers volunteered to participate in the study. Results showed that half of the participants are optimistic about the future of the Islamic banking sector in Turkey. They asserted that the share of Islamic banking in Turkey will increase from 5% to 15% or even more by 2025. Three major themes appeared in this group’s discourses: the Erdogan effect, Islamism, and the emergence of public participation banks. However, the other half was critical of a 15% market share goal. They found the goal of 15% market share by 2025 unrealistic and very difficult to attain under current economic conditions. Prominent discourses revealed in the pessimist group were the geopolitics of Turkey, fatwa-shopping, lack of legislation, and prod- uct diversity. Both groups of participants supported their arguments with various rationales.
Keywords : Bankacılık çalışanları, İslami Finans, Katılım Bankacılığı, Türkiye, Vaka Çalışması, Din, Örgütsel Tasarım