Innovation in Participation Banks: a Review on Turkey

Second International Scientific Conference on Economics and Management - EMAN 2018

,1129$7,21,13$57,&,3$7,21%$1.6$5(9,(:21785.(< banks also gain an importance in the service industry. Thus, innovation in banking is very important in diversifying financial instruments and increasing productivity. Increased levels of financial success have been observed with the implementation of the financial innovation process in the banking sector. It is stated that the share of participation banking in the world banking sector is increasing day by day in the studies related to banking activities. Participation banking, also referred to as Islamic finance, is developing new financial instruments in accordance with Islamic rules to compete in the world banking sector. Participation banks, which offer interest-free banking services to their customers, have developed innovative products and are offering these services to their customers to provide a better quality service. From this point on, the first part of this study reveals the historical development of the participation banks from the beginning of their establishment up until today. The role of participation banking and its importance in the banking sector has been examined from a financial standpoint. In this study, innovation procedures in participation banks are explained. The effect innovation processes have on the financial income and expenses have been examined. Despite the increase in the incomes of the banks, it was seen that the innovative processes did not directly affect the profitability of the bank. It is recommended for new models to be developed for profitability-enhancing innovative processes. .H\ZRUGV: Islamic Finance, Participation Banking, Innovation, Innovation Management

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Second International Scientific Conference on Economics and Management - EMAN 2018

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Second International Scientific Conference on Economics and Management - EMAN 2018

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Second International Scientific Conference on Economics and Management - EMAN 2018

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Second International Scientific Conference on Economics and Management - EMAN 2018

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