This report provides a comprehensive analysis of the current situation and potential future developments in the field of Islamic economics and finance in Turkey. This study, prepared by the Islamic Economics Research Centre (IKAM) as part of the İLKE Foundation, examines the evolution of Islamic financial institutions, participation banks, insurance and capital markets in Turkey, while addressing significant changes in digitalisation, financial technologies and the participation banking sector.

The report includes a comprehensive account of significant developments, statistical data, and projections for the future in 2023. It also presents strategic recommendations that serve as a reference for academics, industry professionals, and policymakers. In order to make an invaluable contribution to the efforts of the Islamic economics and finance ecosystem in the construction of a fair and humane economic system, this report presents an alternative economic model for readers.