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Financial systems in the MENA Region and the role of Islamic banks in Turkey – 2012

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Financial systems in the MENA Region and the role of Islamic banks in Turkey – 2012

This paper describes the main features of MENA region financial systems, with a special focus on Turkey. The financial systems of these countries may actually play a fundamental role in developing the economies they pertain to and the Mediterranean economy as a whole. More specifically, the intention of the paper is to analyse the operational methods of the banking systems in the MENA region because they can have a decisive impact on the transfer of financial resources distributed to the economic units of this geographic area and, thus, on the potential development of the area itself.

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This paper describes the main features of MENA region financial systems, with a special focus on Turkey. The financial systems of these countries may actually play a fundamental role in developing the economies they pertain to and the Mediterranean economy as a whole. More specifically, the intention of the paper is to analyse the operational methods of the banking systems in the MENA region because they can have a decisive impact on the transfer of financial resources distributed to the economic units of this geographic area and, thus, on the potential development of the area itself.

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