Which firms engage small, foreign, or state banks? And who goes Islamic? Evidence from Turkey

Ongena, Steven; Şendeniz-Yüncü, İlkay

doi:10.1016/j.jbankfin.2011.05.001

Cited by 71 publications

(41 citation statements)

References 54 publications

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“…There are very little work for the case of Turkey. Ongena and Yuncu (2011) study the dataset of Turkey and try to understand the correspondence between bank type, bank orientation, and firm type. They conclude that Islamic banks mainly deal with young, multiple bank, industry-focused, and transparent firms.…”

Section: Islamic Finance and Turkish Economymentioning

confidence: 99%

Global Financial Crisis and Islamic Financial Products

Atici¹

2017

CUBR

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Section: Islamic Finance and Turkish Economymentioning

confidence: 99%

Global Financial Crisis and Islamic Financial Products

Atici¹

2017

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“…Islamic banks provide essentially the same products and services as traditional banks but by different means (Iqbal and Mirakhor, 2007;Warde, 2000;Naser et al 1999;Metwally, 1996). Notably, interest and the crediting or debiting of interest (i.e Riba), does not take place (Ongena & Yuncu, 2011;Khan, 2010;Chong & Liu, 2009;Glaeser & Scheinkman, 1998). Moreover Islamic banks forbid the investment of money in companies which deal with interest (Ray 1995) and contracts which involve risk or speculation (Khan and Mirakhor 1990).…”

Section: Islamic Bankingmentioning

confidence: 99%

Consumer trust and confidence in the compliance of Islamic banks

2015

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Islamic banks compete with traditional (non-Islamic) banks for customers. This paper aims to provide insight into why some Muslims choose to bank with Islamic banks in Pakistan, while others do not. Specifically, it addresses the questions: to what extent are trust and confidence active influencers in the decision making process, are they differentiated or are they one of the same? Also how does the Pakistani collective cultural context further complicate the application of these concepts. For the purposes of this paper trust refers to people and their interpersonal or social relations whereas confidence concerns institutions such as banks.Drawing on interviews with Muslim consumers in Pakistan this study provides further insight into consumer behaviour within financial services and specifically Islamic banking and contributes to our theoretical understanding of the concepts of trust and confidence.

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“…In other words, the ruling party has indirectly and unintentionally paved the way for these institutions. According to a study, these are generally young enterprises (small and medium), more transparent multi-banks focused primarily on industry and manufacturing moving towards the Islamic banks (Ongena & Şendeniz-Yüncü, 2011).…”

Section: Islamic Finance Vs Conventional Financementioning

confidence: 99%

“…In addition, when the authors look at the degree of progress of Islamic finance, it shows us that Turkey has a niche position as Egypt, the United Kingdom, or even the United States (HSBC, 2010). , strengthening of private banks and improving the efficiency of Turkish banking sector (Ongena & Şendeniz-Yüncü, 2011). Through these reforms the assets of the sector have made considerable progress and effectiveness of institutions has improved (Ongena & Şendeniz-Yüncü, 2011).…”

Section: Introductionmentioning

confidence: 99%

“…, strengthening of private banks and improving the efficiency of Turkish banking sector (Ongena & Şendeniz-Yüncü, 2011). Through these reforms the assets of the sector have made considerable progress and effectiveness of institutions has improved (Ongena & Şendeniz-Yüncü, 2011). This favorable macroeconomic environment is considerably beneficial to the banking sector, which is developing significantly for the last 10 years.…”

Section: Introductionmentioning

confidence: 99%

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The Future Prospect for the Evolution of Islamic Banking in Turkey

2012

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that are TurkiyeFinans and Kuveyt Turk capture the commercial customers. In addition, the development of these institutions seems to be very difficult because of the lack of Turkish Sukuk in Turkish banking context having no adequate liquidity. Moreover, in its political context, leading actors in Turkish political and economic structure reject utterly the existence of Sharia Board. In fact, it is clear that the Turkish banking sector is an untapped potential market that could be easily converted into an opportunity by improving the regulatory framework and communication strategy for these institutions. Indeed, since the controversy still exists around the concept of secularism, which is an impediment to the development of these banks called "Islamic" in Turkey, there is a necessity for a communication strategy to break down prejudices and to become popular for Islamic finance sector, which is still known very poorly and superficially by general public in Turkey.

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Which firms engage small, foreign, or state banks? And who goes Islamic? Evidence from Turkey

Cited by 71 publications

References 54 publications

Global Financial Crisis and Islamic Financial Products

Global Financial Crisis and Islamic Financial Products

Consumer trust and confidence in the compliance of Islamic banks

The Future Prospect for the Evolution of Islamic Banking in Turkey

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