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.

Pursuant to the instructions of the President of the Republic of Türkiye, H.E. Recep Tayyip Erdoğan, a meaningful and strategic cooperation has been established between the Participation Banks Association of Türkiye (TKBB) and the Ministry of National Education (MEB) within the framework of the “From Roots to the Future (Maziden Atiye)” program, which was initiated for the first time in 2023 at the Presidential Complex in Ahlat, Bitlis. During the initial phase of this cooperation, a series of comprehensive activities aimed at enhancing students’ awareness of history and culture were successfully implemented, thereby strengthening the connection of youth with national and moral values.

The Participation Finance Seminar Series, launched through the collaboration of the Participation Banks Association of Türkiye (TKBB) and Bloomberg, continues to bring together industry professionals. The first session of the series was held on September 9, 2025, and drew attention with its comprehensive evaluations of participation finance markets.

During the official visit of H.E. President Recep Tayyip Erdoğan to Pakistan in 2025, a Memorandum of Understanding (MoU) was signed between TKBB and Meezan Bank. As the first collaboration implemented under this MoU, we had the privilege of hosting Meezan Bank, Pakistan’s first and largest Islamic bank, at webinar titled “Pakistan’s Financial Transformation and the Role of Meezan Bank.”

Organized in collaboration with TKBB and Moody’s Ratings and hosted by Ziraat Katılım, the program brought together global financial ecosystem at the Istanbul Financial Center. The outlook for participation finance, sustainable growth, ESG trends and the vision for digital transformation were discussed.

The global financial system entered a period of intensified search for ethical, sustainable, and real-economy-based models after the 2008 crisis. In this process, the participation finance model—built upon the principles of interest-free transactions, risk sharing, and asset-based structures—emerged as a prominent alternative. Today, this system is considered not only in countries with large Muslim populations but also by international investors who embrace ethical investment principles. In terms of total assets, Saudi Arabia, Malaysia, and the United Arab Emirates stand out as leading countries, while Türkiye has recently attracted attention as a rising actor with its growing capacity.

Since the 1980s, participation finance in Türkiye has been built upon the principles of Islamic finance, gradually becoming a significant and dynamic component of the financial sector. Based on a profit-and-loss sharing model, the system synthesizes universal principles of Islamic finance and ethical banking, enhancing financial inclusion and directly contributing to the real economy.

Aiming to strengthen cooperation between Türkiye and the United Kingdom in the field of participation finance and to accelerate the sector’s global integration, the UK–Türkiye Islamic Finance Forum was successfully held in London on July 8, 2025, through the collaboration of the Participation Banks Association of Türkiye (TKBB), the British Consulate General in Istanbul, and UK Export Finance.

Participation Banks Association of Türkiye (TKBB) participated in the 5th Annual Meeting of the Council of Banks Associations of the Turkic States (CBATS) hosted by the Union of Banks of Kyrgztan

The Participation Banks Association of Türkiye (TKBB), together with the delegation from the Islamic Credit Guarantee Fund (KFK), took part in the 2025 Islamic Development Bank (IsDB) Annual Meetings held in Algiers from 19 to 22 May 2025.

Islamic finance, a financial system based on interest-free banking principles and characterized by risk sharing, ethical investment approach and fairness, has achieved significant growth on a global scale in recent years. One of the key elements of this growth is to enable the training of competent human capacity. Human capital plays a vital role in the sustainable, dynamic and qualified growth of ecosystems. Both in the world and in Türkiye, Islamic finance education continues to develop through universities, research centres and various certificate programs.