05.06.2026 17:10
President Erdogan announced two pieces of good news that will give new momentum to the participation finance sector at the 3rd World Islamic Economy Summit. Erdogan announced that Ziraat, Vakif, and Halk Participation banks will be united under a single roof to create a giant synergy in the sector, and stated that Emlak Participation will be offered to the public in the coming period.
President Recep Tayyip Erdogan shared two historic decisions with the public that will greatly boost the participation finance sector. Speaking at the 3rd World Islamic Economic Summit held at the Istanbul Financial Center, Erdogan announced that three public participation banks will be merged and Emlak Participation will be offered to the public.
EMLAK PARTICIPATION GOING PUBLIC
In his speech, President Erdogan touched on moves to strengthen the participation finance sector, recalling that with the regulation made in 2018, Emlak Bank was revived under its original name "Emlak Participation" in a fitting manner. Stating that the institution has become one of the most dynamic actors in the sector in a short time, Erdogan said, "We aim to offer Emlak Participation to the public. In the coming period, we will enable our nation to partner in strong growth."
THREE MAJOR PARTICIPATION BANKS MERGE UNDER ONE ROOF
Indicating that the second major move that will create a multiplier effect in the sector will be the merger of public participation banks, Erdogan announced that Ziraat Participation, Vakıf Participation, and Halk Participation will be gathered under a single roof. Emphasizing that the public will reach a much stronger position in participation finance with this merger, Erdogan explained the rationale for the regulation as follows: "Our other move will be the merger of Ziraat, Vakıf, and Halk Participation. By combining the strengths of these three participation banks, a great synergy will emerge, and the sector will gain a different momentum."