Islamic finance and future in Turkey

Islamic finance can be defined as the execution of banking activities within the framework of Islamic religious rules. The reason for the emergence of participation banks is that those who refuse interest withdraw their funds from the economy. As this situation adversely affected the balance in the economy, it created a search for a new banking. participation banking in Turkey and in the world has developed in different times. participation banking in Turkey has been six bank services in status. The participation banks operating in Turkey are increasing the state's tax revenue and national income for prepaid avoid the transaction. The Islamic Development Bank, established in 1975, has become a turning point in the field of participation banking in the world. Malaysia has an important position in participation banking. In 2025 there are expected to reach Turkey's financial figures. The asset size of participation banks is expected to be 15% after 5 years. in the place of the banking sector participation banking in Turkey In this study, fund collection and utilization methods, participation banks was aimed to examine the future of the financial magnitude of the reach and participation banks in 2025.