Turkey edges toward Islamic law with new finance rules
Turkey's ruling party has imposed religious rules in the public sphere, a move that could have major implications for the country's future.
For the the first time in the modern Turkish republic, a ruling party has officially imposed religious rules in the public sphere, reigniting concerns that Turkey is gradually drifting toward an Islamic regime.
The Turkish government set out Islamic directives to regulate inspections on interest-free finance. Independent auditing firms will have to obey Islamic rules and established Islamic practices while inspecting the interest-free financial institutions, according to the country's official gazette published Dec. 14. Interest-free finance, also known as Islamic banking, is a fast-growing market in Turkey under the rule of the Justice and Development Party (AKP).
