Participants |
Participation Banking |
Opportunitis |
Threats |
P1 |
-Market share in the country with a Muslim population isvery low. |
-Interest lobby-Negative traces remaining in people's minds due to pastpractices of participation banking. |
P2 |
-Legal arrangements made for participation banking andthe establishment of public participation banks can lead toa massive capital inflow from the Middle East. |
-Market rules-Long-established conventional banking structure in Turkey |
P3 |
-In the last period (last 10-15 years), the state has morefavorable approach to participation banking than theprevious periods and establishing public participation bankswith the understanding of social statism. |
-People's habits and facilitations-Conventional banking has the 70-80 year history in Turkey-The interest rate given by ordinary banking to deposits is highdue to the profit share of participation banks-Some negative examples of past and present participationbanking practices. |
P4 |
-Establishment of Participation Banks Association ofTurkey.-Approach to evaluate new and good ideas and to be afinancier.-The effort to set up a digital bank in Europe. |
-Participation banking practices can not be brought to a certainstandard. |
P5 |
-Participation banks can increase their profitability byattaching importance to leasing.-A joint pension system can be establishedbetween participation banks.-A common POS (Point of Sales Terminal) system can beestablished between participation banks. |
-Participation banks start to see each other as opponents and tryto compete with each other.-Interest lobby-The perception that 2 participation bank will enter the sector in2019. |
P6 |
-Establishing capital and business partnerships with majorcompanies.-Depending on the risk premium, participating banksmay create a common insurance pool.-Studies on digital banking |
-The interest rate given by ordinary banking to deposits is highdue to the profit share of participation banks |
P7 |
-Almost all of the society is Muslim |
-Difficulty in changing society's habits |
P8 |
-Participation banks have a market share of only 5.5% on alarge market together. |
-The profit share we give is lower than the interest rates ondeposits of traditional banks. |