Kaplan, Hatice Elanur2024-11-072024-11-0720202651-5318https://search.trdizin.gov.tr/tr/yayin/detay/437437https://hdl.handle.net/11480/13398In this study; the current situation of the Islamic financial institutions in the US and Turkey and the European countries, along with the Muslim countries in which the Islamic banking practices have been implemented, are examined. Although the foundation of the Islamic financial institutions essentially dates back to the dawn of the celestial religions quite a long time ago, its history of approximately 50 years can be considered relatively new in comparison to the global history of the banking sector. Islamic financial institutions, which first emerged in Egypt, have been initially implemented in the Muslim countries, and then have attracted attention from the non-Muslim countries, especially the United Kingdom and the USA. Islamic financial institutions that began to take place under different titles in Turkey since the 1970s has a 5% share in the Turkish banking system. Totally 6 Islamic financial institutions, 3 of which have been publicly-owned, are operational in Turkey as of 2020.eninfo:eu-repo/semantics/openAccessİktisatIslamic Financial InstitutionsInterest-free BankingParticipation BankingArticle5190100437437