Islamic investors eye Turkey

Islamic finance is not about Islam but about a system of investing that is ethical and sustainable, the principal of U.S.-based Nur Advisors argued at a recent event in Istanbul.

?This is also one of the key issues that need to be understood in Turkey, where Islamic finance is still understood within the context of the Islamic framework instead of a financial framework,? said Kavilash Chawla.

Call for regulations

Chawla, who was speaking at the ?Terrapinn Funds World Turkey 2008? event earlier this month, noted Turkey was one of the most sought-after markets for Shariah-compliant investors and for the local development of Islamic finance within Turkey. However, there are roadblocks to the development of Islamic finance in (...)