Authors:Harun Ercan, Ilhami Karahanoglu, and György Walter
uncertain rate of return of specific transactions.
The demand for Islamic banking in the Turkish BankingSector is growing for various reasons, and the share of Islamic banks, also called participation banks, has been increasing rapidly. Islamic
categories: 1) studies that focused on causes of financial crises; 2) empirical research on financial contagion from the US market to the emerging markets during the GFC; and 3) empirical literature on the volatility of the bankingsector that preceded the