An article titled ‘The Role of Participation Indices in the Development of Participation Finance' written by Mrs. Fatma Çınar, TKBB Deputy Secretary General is published in the 21st volume, 40th issue of Islamic Finance News on 2 October 2024. The article addresses key issues such as the criteria for inclusion in participation indices, equipping investors with the knowledge to make informed decisions in line with the principles of participation finance. It also highlights the crucial role of participation index companies and investors in the participation finance ecosystem, in collaboration with Borsa Istanbul and the TKBB.

22 April 2024 – Manama, Kingdom of Bahrain — The Participation Banks Association of Türkiye (TKBB) and the Bahrain Institute of Banking and Finance (BIBF) conducted a business programme aimed at supporting the development and enhancement of capacity building activities in Türkiye.

In 2023, a significant part of the forecasts for the global economy were pessimistic due to the ongoing Russian-Ukrainian crisis, energy supply scenarios, the inability to stop the inflationary environment and the tightening financial conditions. However economic activity both in Türkiye and  the world has taken a stronger-than-expected path..Türkiyeentered into an important period with monetary policies and activities that will ensure development. Participation banks (PBs) has also actively supported economic development as an ecosystem memberwith its wide-range and sophisticated products and services...

The 2024 IFN Annual Guide, which includes important developments in the Islamic finance sector and ecosystem activities, was published. Fatma Çınar, Director of the Participation Banks Association of Türkiye (TKBB), shared the developments in the participation banking sector in Türkiye and the projections for the upcoming years with the readers.

At the meeting of the Board of Directors of the Association of Participation Banks of Turkey held on February 16, 2023, the studies in the earthquake zone were discussed.

Participation Banks Association of Turkey (TKBB), Turkey's participation banking umbrella organization, is organizing an award-winning international academic article competition that will provide significant contributions to the sector and academia in the fields of “Social Finance, Financial Literacy, Sustainability and Digitalization” in the context of “Participation Finance” inclusiveness in cooperation with Istanbul Commerce University.

The Association of Participation Banks of Turkey reported that the banking sector is able to meet all its obligations.

Türk Eximbank, the official export support organization of Turkey, is taking important steps to provide solutions to the needs of exporters in the field of interest-free banking. The Bank has added a new one to the services it offers in the field of interest-free banking in order to ensure that all exporters benefit from the supports.

The foreign trade performance of the Organisation of Islamic Cooperation (OIC) member states constitutes a substantial segment of global trade. According to the Working Group of the Standing Committee on Economic and Commercial Cooperation of the OIC, as of 2023, trade involving OIC member states accounts for 11% of global trade, while intra-OIC trade represents 19% of the total.

Islamabad, Pakistan IThe Institute of Business Administration (IBA) Karachi's Center for Excellence in Islamic Finance (CEIF) has inked an MoU with Türkiye Katılım Bankaları Birliği - TKBB (Participation Banks Association of Türkiye) to collaborate on a range of leadership development, research, and capacity buildings initiatives of TKBB.

Islamabad, Pakistan I In a significant step towards fostering international collaboration in Islamic finance, Meezan Bank Limited, Pakistan’s leading Islamic bank, and the Participation Banks Association of Türkiye (TKBB) have signed a Memorandum of Understanding (MoU) to drive innovation, knowledge sharing, and capacity building in the sector.

Istanbul, Türkiye| The General Council of Islamic Banks and Financial Institutions (CIBAFI), the Participation Banks Association of Türkiye (TKBB) and Istanbul Commerce University have signed a comprehensive Memorandum of Understanding (MoU) to foster innovation, research and development in the field of participation finance both in Türkiye and globally.

The Finance Office of Presidency of the Republic of Türkiye, Participation Banks Association of Türkiye (TKBB) and the Malaysian Financial Planning Council (MFPC) jointly organized a program titled "Malaysia's Financial Literacy and Financial Planning Experience" on November 19, 2024, hosted by Türk Eximbank for sector representatives in order to contribute to the participation finance ecosystem in Türkiye by sharing Malaysia's best practices in financial literacy and planning, and benefit from its experiences.

In cooperation with the Finance Office of Presidency of the Republic of Türkiye (CBFO), Participation Banks Association of Türkiye (TKBB) and the Islamic Financial Services Board (IFSB), international standard-setting body of regulatory and supervisory agencies with approximately 188 members from the central authorities of the Islamic finance industry, a forum titled "Strengthening Ties Between the IFSB and The Participation Financial System in Türkiye" was held on November 18, 2024, hosted by Istanbul Finance Center Halkbank headquarters to strengthen the strategic ties between Türkiye and the IFSB in the participation financial sector and to ensure the sustainable development of the sector. The opening speeches of the forum were delivered by CBFO Vice President Necip Fazıl Kaymak, Deputy Secretary General of TKBB Fatma Çınar and IFSB Secretary General Dr. Ghiath Shabsigh.

Finance Office of Presidency of the Republic of Türkiye (CBFO), Participation Banks Association of Türkiye (TKBB) and Islamic Financial Services Board (IFSB), international standard-setting body of regulatory and supervisory agencies  jointly organized a workshop hosted by TKBB on November 18, 2024 on strengthening the strategic ties between Türkiye and the IFSB in the Islamic finance sector.

Islamic Finance Briefing, which brings together senior representatives of local and international financial institutions, held its first meeting in Türkiye. They shared vital insights about the country’s place and importance in the global Islamic finance industry.

In cooperation with the Participation Banks Association of Türkiye (TKBB) and the Banks Associationof Türkiye (TBB), a program was held in Istanbul on April 16, 2024 with the delegation of the DubaiInternational Financial Centre Authority (DIFC).