Insight Turkey
Insight Turkey
Challenging ideas
On Turkish politics and International affairs

Author

Abdussamet Pulat

Abdussamet Pulat
Encyclopedia of Islamic Insurance, Takaful and Retakaful
November 28, 2020
From the beginning of the 20th century, studies on Islamic finance—as an alternative to interestbased capitalist finance—have been conducted, particularly in Egypt and Malaysia. However, Islamic finance gained an institutional identity only after the 1970s. During these years, petrodollars accumulating in the oil-rich Arab countries of the Gulf helped establish the first Islamic financial institutions.

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