Participation banking

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Participation banking is a name given to Islamic banks mainly in Turkey, as well as in the broader MENA region.[1][2] There are participation banks in Turkey, Pakistan , Bangladesh, Indonesia, Saudi Arabia, Malaysia, the UAE and other Gulf countries.

## Contents

* 1 History
* 2 List of participation banks
* 2.1 Defunct
* 3 References

## History

In 2000 participation banks reached[clarification needed] only 2% of net assets,[citation needed] by 2010 this rate increased up to 4.3%.[citation needed] In the third quarter of 2013, the rate increased up to 6.1% with 90.7 billion TL in assets.[citation needed] Regarding the profit margins of the participation banks, Malaysia, Indonesia and Gulf countries have more than 50% of the market share, it is stated[citation needed] that Turkey has more potential in growth. Also, Turkey, Pakistan , Bangladesh, and Indonesia stand as the leading countries[clarification needed] among the participation banks.[3] Saudi Arabia, the UAE and Malaysia are the three largest participation banking markets, in terms of assets.[4] Iran has 36% of the worldwide assets of the participation banks, Malaysia has 17%, Saudi Arabia has 14% and Turkey has 3.1% of the[clarification needed] market share.[citation needed]

According to Ernst & Young, the assets of global participation banking reached United States dollar $930 billion in 2015, with growth rates declining across all regions compared to previous years.[4]

## List of participation banks

* Ziraat Participation Bank
* Vakıf Participation Bank
* Turkey Finance Participation Bank [tr]
* Albaraka Türk Participation Bank
* Kuwait Turk Participation Bank [tr]

### Defunct

* Asia Participation Bank (founded 1996, closed 2016)

## References

1. ↑ Erol, Cengiz; f. Baklaci, Hasan; Aydoğan, Berna; Tunç, Gökçe (2014). "Performance comparison of Islamic (participation) banks and commercial banks in Turkish banking sector". Euromed Journal of Business (Emerald Insight) 9 (2): 114–128. doi:10.1108/EMJB-05-2013-0024.
2. ↑ "Megabank project to support Turkey's aim to increase share in participation banking". Daily Sabah. 2017-05-20. https://www.dailysabah.com/finance/2017/05/20/megabank-project-to-support-turkeys-aim-to-increase-share-in-participation-banking.
3. ↑ Yücel Ersöz; Sait Osman Aytaman (2014). "Participation Banking in Turkey: Important Steps for Growth". Deloitte Türkiye. https://www2.deloitte.com/tr/en/pages/financial-services/articles/participant-banking-in-turkey-article.html.
4. ↑ 4.0 4.1 "Global participation banking assets reached US$930 billion in 2015". Ernst & Young. http://www.ey.com/em/en/newsroom/news-releases/news-global-participation-banking-assets-reached-us-924-billion-in-2015-ey.

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Islamic banking and finance

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