Nureddin Nebati, the Minister of Treasury and Finance, stated that they will participate in the Participation Finance Bail Company, which will be established, as the Ministry, with a 4 percent share.
Minister Nabati's statement on his social media account is as follows:
“As the Ministry of Treasury and Finance, we will participate in the Participation Finance Bail Company to be established with a 4 percent share, with the approval of our President. Participation Finance Bail Company will increase the synergy of our participation finance institutions and contribute to the strengthening of the participation ecosystem by meeting the guarantee needs of the sector within its own body. Our businesses, operating in compliance with the participation principles, will be able to meet their collateral needs from the Katılım Finans Bail Company in the process of accessing finance. We want our participation finance sector to reach a level that can fully meet the needs of our country in this area with all its institutional structures and instruments, and to have an ecosystem and depth that can be shown as a 'good practice model' in the Islamic world. With this vision, I wish the Participation Finance Bail Company to bring good luck to our country and nation.”
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